Norway is the world's number seven oil exporter.
'Many countries have found that temporary large revenues from natural resource exploitation produce relatively short-lived booms that are followed by difficult adjustments,' she said in an email.
The fund, equivalent to 183 percent of 2016 gross domestic product, is expected to peak at 220 percent around 2030.
'The fund is a success in the sense that parliament has managed to put aside money for the future. There are many examples of countries that have mot managed that,' said Oeystein Doerum, chief economist at DNB Markets.
Norway has sought to avoid the boom and bust(繁荣与萧条) cycle by investing the cash abroad, rather than at home.
Governments can spend 4 percent of the fund in Norway each year, slightly more than the annual return on investment.
Still, in Norway, oil wealth may have made the state reluctant to make reforms or cut subsidies unthinkable elsewhere.
Farm subsidies allow farmers, for instance, to keep dairy cows in heated barns in the Arctic.
It may also have made some Norwegians reluctant to work.
'One in five people of working age receives some kind of social insurance instead of working,' Doerum said, despite an official unemployment rate of 3.3 percent.
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