Ok got this from wikipedia too since you like to use it: ''Norway has a very low unemployment rate, currently 3.1%. 30% of the labour force are employed by the government, the highest in the OECD. 22% are on welfare and 13% are too disabled to work, the highest proportions in the world.''
go to Economy section its half way through.
With a Public sector being so massive its no wonder they can keep the unemployment low.
Also PPP isn't a good indicator at all as it only does generalities it doesn't indicate the price differences from other countries if you had the exact things in other countries it only goes by a few goods such as the starbucks index and big mac index failing to give a real outcome for anything.
Try buy a Car or House in Norway then you see my point as both are 3 to 4 times the average price compared to America adjusting with taxation which wouldn't be included in PPP as its only using one or 2 indicators.
Not to mention they pay $11 per Gallon even though they produce the majority of Europes oil.
In other Words, PPP is adjusted to how people live in their country, someone in Norway is likely not to have a car or own a house as it is much too expensive and they are likely to buy less food and use less electric from this too so its not accurate at all.
Denmark is similar except its gross Income is lower then the United states, and so would Norway if it wasn't for the fact it was soo much oil in the country which is where most of the welfare in the country is payed from.
If you where to buy the exact same things as you would in the United states as you would in those two countries you would be 70-90% worse off.
Post edited at 1:40 pm on Feb. 5, 2012 by The New World Order
BAM and the dirt is gone!