# Greetings from Norway

**URL:** <https://forum.gcaptain.com/t/greetings-from-norway/57677>\
**Category:** Scuttlebutt\
**Tags:** container-shipping\
**Created:** [December 10, 2020, 5:05pm UTC](https://forum.gcaptain.com/t/greetings-from-norway/57677 "2020-12-10T17:05:19Z")\
**Posts on this page:** 1\
**Showing post:** 1084

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**Author:** ![ombugge](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/ombugge/32/11217_2.png) [@ombugge](https://forum.gcaptain.com/u/ombugge)\
**Post date:** [October 1, 2025, 12:50pm UTC](https://forum.gcaptain.com/t/greetings-from-norway/57677/1084 "2025-10-01T12:50:48Z")

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Norway has the world’s largest Sovereign Wealth Fund, (aka “Oljefondet”):  
[https://www.nbim.no/en/investments/the-funds-value/](https://www.nbim.no/en/investments/the-funds-value/)  
Yet Norway has debt. WHY?

National debt vs. GDP has been discussed in several threads on the forum, but maybe most on the Singapore once more thread: [Singapore once more](https://forum.gcaptain.com/t/singapore-once-more/71447)

Maybe this can clear up some of the questions about why a rich country has, even NEED, national debt:

> [@](#):
>
> Norway also have their Sovereign Wealth Fund, almost 3 times bigger than their GDP, ticking in interest at a ridiculous amount. They could easily pay off all debt, and wreck their economy in the process. They need debt like everyone else. It’s a part of the monetary system to have debt.

Source: [https://qr.ae/pCtlfE](https://qr.ae/pCtlfE)

More on the subject here:  
[https://www.quora.com/Why-does-Norway-have-billions-in-government-debt-and-pay-billions-in-interest-every-year](https://www.quora.com/Why-does-Norway-have-billions-in-government-debt-and-pay-billions-in-interest-every-year)

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