Norway has one of the highest standards of living on the planet. Norway's riches are based on its oil and natural gas resources, as well as its large waterpower plants.

Most of the electricity produced in Norway comes from waterpower plants, which are powered by water that flows down from the Scandinavian mountain range towards the Atlantic Ocean. Most of the oil and natural gas produced in Norway is sold to other nations.

Fishing and fish farming are also important Norwegian livelihoods, especially on the shores of the Atlantic Ocean.