Norway Mixed Economy

Norway has a mixed economy. They are basically known for their petroleum exploration and production, hydroelectric power, fisheries forests, and minerals. Norway is the world's third-largest natural gas exporter and seventh largest oil exporter, making one of its largest offshore oil finds in 2011. But like in the other countries they have been experiencing also the economy lost steam in 2016. Their modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly the North Sea oil.