Norway - A Cheap Place To Retire
After all your hard work, you definitely want to retire in place where you can relax and live your life to the fullest. Some dream of retiring near the beach, up in the mountains, or in a secluded town far from busy city streets.
Norway is still the best country in the world to live in according to the annual Human Development Report produced by the United Nations Development Programme (UNDP).
Norway is a long, narrow country situated in the Northwestern edge of Europe. The northern third of Norway lies above the Arctic Circle and is called the land of the Midnight Sun. Due to its location, Norway has been called the "Land of the Midnight Sun" - yes the sun shines 24 hours a day in the summer. Oslo, Norway’s capital and largest city, is in the southern part of the country.
Norway, along with Denmark and Sweden, is one of the Scandinavian countries. It is the world’s third largest oil exporter and western Europe’s largest gas producer. It has been saving oil revenues in a fund worth around $190 billion for future generations.
Ever since Vikings left home waters in the ninth century, Norway has drawn strength from the sea. Its highly-developed shipping industry boasts of having the world's largest merchant and oil tanker fleets, while landing the largest fishing catches in all of Western Europe.
Wealth from oil and gas in the North Sea, first tapped in the early 1970s, subsidizes public health and welfare programs
Norway is mostly a high, mountainous plateau covered by bare rock, and it has a relatively small amount of farmland. But the rivers that rush down from the mountains provide much cheap electricity. Compared to other countries in the world, Norway produces the highest hydroelectric power per person ratio. Production in Norway relies on this cheap power source. Important products of Norway include chemicals, metals, petroleum, processed foods, and wood pulp and paper. The country also has massive oil reserves and is one of Europe's biggest petroleum producers. Which has made Norwegians one of the richest people in the world.
The climate of Norway is much milder than that of most other regions as far north, especially along the country’s west coast.
Outdoor sports are an important part of Norwegian life. Recreation areas lie within short distances of all homes. Skiing, Norway´s national sport, may have started there thousands of years ago as a means of crossing the snowcovered land. In Norway, there's a ski jump in almost every town. The second most popular winter activity is ice-skating. Norwegians also have long enjoyed bandy, a form of hockey played by 11-player teams on large rinks.
Soccer is the favourite summer sport. Norway’s forests and mountains provide many other recreational opportunities.
Norwegians have contributed much to the development of the arts. Henrik lbsen’s realistic plays of the late 1800’s brought him worldwide fame as the father of modern drama. Three Norwegian writers have won the Nobel Prize for literature. The 1900s saw the rise of the expressionist art style, led by painter Edward Munich. Statues by Gustav Vigeland, perhaps Norway’s greatest sculptor, stand in Oslo’s Frogner Park. Edvard Grieg, Norway’s bestknown composer, used melodies from folk songs and dances in his orchestral works.
Norway enjoys both a relatively low crime rate and has so far remained free of terrorist attacks.Norway provides retirement, disability and survivors benefits. If you have Social Security credits in both the United States and Norway, you may be eligible for benefits from one or both countries.
In addition, Norwegian Social Security taxes cover several other programs including unemployment and work accident insurance and certain benefits for single mothers.
Those are just a few reasons why Norway is not just one of the best places to retire but also one of the cheap places to retire in the world.