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Nor·way | Norway, officially the Kingdom of Norway, is a sovereign state and unitary monarchy whose territory comprises the western portion of the Scandinavian Peninsula plus the remote island of Jan Mayen and the archipelago of Svalbard.[note 1] The Antarctic Peter I Island and the sub-Antarctic Bouvet Island are dependent territories and thus not considered part of the Kingdom. Norway also lays claim to a section of Antarctica known as Queen Maud Land. The country maintains a combination of market economy and a Nordic welfare model with universal health care and a comprehensive social security system. The country has extensive reserves of petroleum, natural gas, minerals, lumber, seafood, fresh water, and hydropower. On a per-capita basis, Norway is the world’s largest producer of oil and natural gas outside the Middle East. The country has the fourth-highest per capita income in the world on the World Bank and IMF lists. Norway has also the world’s largest sovereign wealth fund, with a value of 960 billion USD. Since 2009, the country has the highest Human Development Index ranking in the world, a position also held previously between 2001 and 2006. Norway ranks first on the World Happiness Report, the OECD Better Life Index, the Index of Public Integrity, and the Democracy Index. – Wikipedia

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