The Norway Government Pension Fund - statistics & facts
The Norway Government Pension Fund, also known as the Oil Fund, is a Sovereign Wealth Fund (SWF) owned by the Norwegian government. It was established in 1990 to invest the surplus revenues generated from petroleum sector activities, such as the . The fund is managed by Norges Bank Investment Management (NBIM), the asset management unit of the Norwegian central bank. The NBIM manages the majority of the SWF assets through in . It is now one of the largest sovereign wealth funds in the world, valued at over one trillion U.S. dollars. The goal is to invest the oil profits abroad so that Norway can share in global economic growth. The investments serve as a long-term management of revenue so that both current and future generations of Norwegians can benefit from the oil wealth.
