The Government Pension Fund of Norway comprises two sovereign wealth funds owned by the government of Norway.
The Government Pension Fund Global (correct translation: Sovereign Pension Fund – Foreign), also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. It has over US$1.35 trillion in assets,[1] and holds 1.4% of all of the world’s listed companies, making it the world’s largest sovereign wealth fund.[2][3] In December 2021, it was worth about $250,000 per Norwegian citizen.[1] It also holds portfolios of real estate and fixed-income investments.

挪威政國家主權(quán)基金是由兩個政府掌控的主權(quán)財富基金組成。
(1)挪威政府全球養(yǎng)老基金,又稱石油基金,成立于1990年,用于投資挪威石油部門的盈余收入。 它擁有超過1.35萬億美元的資產(chǎn),持有的股份占全球上市公司市值的1.4%,是世界上最大的主權(quán)財富基金。到2021年12月為止,它的價值平均到每個挪威公民身上為25萬美元 它還持有房地產(chǎn)和其他固定收益投資項目。

The Government Pension Fund Norway is smaller and was established in 1967 as a type of national insurance fund. It is managed separately from the Oil Fund and is limited to domestic and Scandinavian investments and is therefore a key stock holder in many large Norwegian companies, predominantly via the Oslo Stock Exchange.

(2)挪威政府養(yǎng)老基金,成立于1967年,是一種國民保險基金。 它與石油基金分開管理,僅限于國內(nèi)和斯堪的納維亞投資,因此是許多挪威大型公司的主要股東,主要通過奧斯陸證券交易所持有。

Government Pension Fund Global
The Petroleum Fund was established in 1990 after a decision by the country's legislature to counter the effects of the forthcoming decline in income and to smooth out the disruptive effects of highly fluctuating oil prices.

挪威政府全球養(yǎng)老基金,是通過挪威石油收入產(chǎn)生的盈余財富存入的基金。 2006年1月,更名為挪威石油基金。
石油基金是該國立法機構(gòu)于1990年設(shè)立的,目的是抵消未來可能的收入下降影響,并消除石油價格劇烈波動帶來的破壞性影響。

Norway has experienced economic surpluses since the development of its hydrocarbon resources in the 70s. This reality, coupled with the desire to mitigate volatility stemming from fluctuating oil prices, motivated the creation of Norway's Oil Fund, now the Government Pension Fund-Global (GPF-G).[4] The instability of oil prices has been of constant concern for oil-dependent countries since the start of the oil boom, but especially so in the decades following the first oil shocks in the 1970s.[5] As the real GDP of oil-exporting states is lixed with the price of oil, it has been a goal of these exporters to stabilize oil consumption patterns, and a host of these exporting states singled out sovereign wealth funds as an effective policy tool for achieving this outcome.[5] The adoption of the GPF-G has been in line global economic trends, especially investment patterns.

自上世紀70年代油氣資源開發(fā)以來,挪威的經(jīng)濟一直處于盈余狀態(tài)。 再加上想要減少油價波動帶來的影響,促使挪威建立了石油基金,現(xiàn)在是政府全球養(yǎng)老基金。
自石油繁榮開始以來,石油價格的不穩(wěn)定性一直是依賴石油出口的國家所共同關(guān)注的問題,但自從20世紀70年代第一次石油危機之后,幾十年里石油價格一直不穩(wěn)定。
由于石油出口國的國內(nèi)生產(chǎn)總值(GDP)與石油價格掛鉤,穩(wěn)定石油消費模式一直是這些出口國的目標,許多出口國都將主權(quán)財富基金作為實現(xiàn)這一目標的有效政策工具。
石油基金的設(shè)立符合全球經(jīng)濟趨勢,特別是投資模式。

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 (accounting 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.[9] 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.[12] With 2.33 percent of European stocks,[13] it is the largest stock owner in Europe.[14]

2017年9月,該基金的價值首次超過1萬億美元,自2002年以來增長了13倍。 挪威人口為520萬,該基金的人均價值為19萬2307美元。 在這些資產(chǎn)中,65%是股票(占全球股票市場的1.3%),其余是房地產(chǎn)和固定收益投資。 挪威每年最多可以提取該基金價值的3%用于政府開支。根據(jù)該預(yù)測,2030年,該基金的最壞情況為4550億美元,最好情況為3.3萬億美元 它擁有歐洲2.33%的股份,是歐洲最大的股東。