Kongsberg Silver Mines
The silver mines of Kongsberg, in Buskerud county in Norway, constitute the largest mining field in Norway, with over 80 different mines. It was the largest pre-industrial working place in Norway, with over 4,000 workers at its peak in the 1770s and supplied over 10% of the gross national product of the Danish–Norwegian union during its 335-year-long history: over 450,000 man-years were expended in the production.
Government Pension Fund of Norway
As of June 2011, it was the largest pension fund in the world, but it is not a pension fund in the conventional sense, as it derives its financial backing from oil profits, not pension contributions. In September 2017, the fund exceeded US$1 trillion in value for the first time, a thirteen-fold increase since 2002. With a population of 5.2 million people, the fund was worth $192,307 per Norwegian citizen. Of the assets, 65% were equities (account for 1.3% of global equity markets), and the rest were property and fixed-income investments. Norway can withdraw up to 3% of the fund's value each year. The first withdrawal in its history was made in 2016. In a parliamentary white paper in April 2011, the Norwegian Ministry of Finance forecast that the fund would reach $1 trillion by the end of 2019. According to the forecast, a worst-case scenario for the fund value in 2030 was forecast at $455 billion, and a best case scenario at $3.3 trillion. With 2.33 percent of European stocks, it is the largest stock owner in Europe.