The World’s Wealthiest Nations




 
 

7. Norway

Norway is known to have the highest standard of living on Earth and rank top on the human development index with its advanced education systems, distinct social security system, and universal health care. Its raw oil and gas resources exports lead the economy, while abundant reserves guarantee future prosperity, including seafood, hydro-power, lumber, minerals, natural gas, and freshwater. Petroleum is another export that has been bringing Norway riches since the 1970s.

 

8. United States

America has an entrepreneurial mindset that is encouraged from an early age and supported by university programs and research institutions. There is also a developed financial system in place of equity finance and a decentralized banking system that supports entrepreneurial activities. Nevertheless, public debt is currently $27,000 billion, which is also $3,000 billion higher than pre-COVID-19.