Being Norwegian, that is one of the funniest description I have heard of the country which in reality is the exact opposite.
I don't think he meant that it wasn't an actual country. It obviously is.
On top of that, Norway has a lot of hydro power, I believe. So not only there are wealthy with a small population, but they get effectively free electricity...
Tell that to anyone paying an electric bill, especially if they live in Southern Norway.