Norway: A Small Country with One of the World’s Largest Wealth Funds
If your understanding of a “welfare state” is still limited to “free healthcare,” then Norway is a country you should take a closer look at. With a population of only 5.65 million people, Norway manages one of the largest sovereign wealth funds in the world — the Government Pension Fund Global (GPFG). In 2025, the fund achieved an overall return of 15.1%, reaching a total value of 21.268 trillion Norwegian kroner (approximately 1.55 trillion USD) as of December 31, 2025.…