Is Norway a developed country?

Norway is a highly developed capitalist country and a highly industrialized country. Petroleum industry is an important pillar of national economy. Norway is also the largest oil producer in Western Europe and the 1 1 largest oil exporter in the world. Norway is also one of the pioneers in creating a modern welfare state. In addition, papermaking, shipbuilding, machinery, hydropower, chemical industry and wood processing are also traditional developed industries in Norway.

Norway is one of the most developed countries in the world, with a very high per capita GDP, ranking third in the world at 20 1 1, second only to Qatar and Luxembourg. Per capita GDP rose again in 20 13 years. Norway is a highly developed industrial country and one of the top ten economic countries in Europe. Per capita GDP is the highest in Northern Europe. Since 1990s, Norway has surpassed Britain in oil and gas production and become a new oil and gas producer.

What is a developed country?

Developed countries, also called developed countries and advanced countries. It refers to those countries with high level of economic and social development and people's living standards, also known as high economic development countries (MEDC).

The common characteristics of developed countries are high human development index, high per capita gross national product, high industrialization level and high quality of life. By exploiting natural resources, high per capita GNP and human development index can also be achieved, but they may not belong to developed countries (such as Qatar, Brunei and Saudi Arabia).