Adjusted savings: education expenditure in Norway
Norway: Adjusted savings: education expenditure was 33.95 billion current US$ in 2021. ◆ Volatile
Latest (2021)
33.95 billion current US$
Change on year
up 33.6%
World rank
22nd
of 195 countries
All-time high
34.99 billion current US$
in 2012
All-time low
635.26 million current US$
in 1970
Years of data
52
1970–2021
Adjusted savings: education expenditure in Norway, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Norway recorded 33.95 billion current US$ for adjusted savings: education expenditure in 2021.
That represents a change of up 33.6% on the previous year and up 14.4% over ten years.
Over the whole period, adjusted savings: education expenditure in Norway peaked at 34.99 billion current US$ in 2012 and was at its lowest, 635.26 million current US$, in 1970.
Norway ranks 22nd of 195 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: education expenditure in Norway, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 635.26 million current US$ | — |
| 1971 | 753.36 million current US$ | +18.6% |
| 1972 | 809.17 million current US$ | +7.4% |
| 1973 | 1.07 billion current US$ | +32.6% |
| 1974 | 1.24 billion current US$ | +15.2% |
| 1975 | 1.46 billion current US$ | +18.4% |
| 1976 | 1.84 billion current US$ | +25.7% |
| 1977 | 1.99 billion current US$ | +8.0% |
| 1978 | 2.53 billion current US$ | +27.2% |
| 1979 | 2.70 billion current US$ | +6.8% |
| 1980 | 3.13 billion current US$ | +15.8% |
| 1981 | 3.02 billion current US$ | -3.3% |
| 1982 | 3.10 billion current US$ | +2.4% |
| 1983 | 2.99 billion current US$ | -3.3% |
| 1984 | 2.96 billion current US$ | -1.0% |
| 1985 | 3.09 billion current US$ | +4.2% |
| 1986 | 3.87 billion current US$ | +25.5% |
| 1987 | 4.83 billion current US$ | +24.7% |
| 1988 | 5.27 billion current US$ | +9.1% |
| 1989 | 5.70 billion current US$ | +8.0% |
| 1990 | 6.52 billion current US$ | +14.5% |
| 1991 | 6.84 billion current US$ | +5.0% |
| 1992 | 7.56 billion current US$ | +10.4% |
| 1993 | 8.84 billion current US$ | +17.0% |
| 1994 | 9.50 billion current US$ | +7.5% |
| 1995 | 10.81 billion current US$ | +13.8% |
| 1996 | 10.99 billion current US$ | +1.7% |
| 1997 | 10.54 billion current US$ | -4.1% |
| 1998 | 9.91 billion current US$ | -6.0% |
| 1999 | 10.12 billion current US$ | +2.2% |
| 2000 | 9.89 billion current US$ | -2.2% |
| 2001 | 10.91 billion current US$ | +10.3% |
| 2002 | 13.45 billion current US$ | +23.2% |
| 2003 | 15.51 billion current US$ | +15.3% |
| 2004 | 17.73 billion current US$ | +14.3% |
| 2005 | 19.55 billion current US$ | +10.3% |
| 2006 | 20.30 billion current US$ | +3.8% |
| 2007 | 23.98 billion current US$ | +18.1% |
| 2008 | 26.65 billion current US$ | +11.1% |
| 2009 | 24.78 billion current US$ | -7.0% |
| 2010 | 26.44 billion current US$ | +6.7% |
| 2011 | 29.68 billion current US$ | +12.3% |
| 2012 | 34.99 billion current US$ | +17.9% |
| 2013 | 34.83 billion current US$ | -0.5% |
| 2014 | 34.23 billion current US$ | -1.7% |
| 2015 | 25.62 billion current US$ | -25.2% |
| 2016 | 25.94 billion current US$ | +1.3% |
| 2017 | 27.43 billion current US$ | +5.7% |
| 2018 | 29.14 billion current US$ | +6.2% |
| 2019 | 28.15 billion current US$ | -3.4% |
| 2020 | 25.41 billion current US$ | -9.8% |
| 2021 | 33.95 billion current US$ | +33.6% |
Norway compared with similar countries
- Norway's 33.95 billion current US$ is above the median for high income countries, which is 5.34 billion current US$, 6.4× the median. (69 countries reporting)
- Norway's 33.95 billion current US$ is above the median for Europe & Central Asia, which is 5.65 billion current US$, 6.0× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.50 billion current US$ | 635.26 million current US$ | 2.70 billion current US$ | 10 |
| 1980s | 3.80 billion current US$ | 2.96 billion current US$ | 5.70 billion current US$ | 10 |
| 1990s | 9.16 billion current US$ | 6.52 billion current US$ | 10.99 billion current US$ | 10 |
| 2000s | 18.28 billion current US$ | 9.89 billion current US$ | 26.65 billion current US$ | 10 |
| 2010s | 29.65 billion current US$ | 25.62 billion current US$ | 34.99 billion current US$ | 10 |
| 2020s | 29.68 billion current US$ | 25.41 billion current US$ | 33.95 billion current US$ | 2 |
Countries ranked near Norway
More economy & growth data for Norway
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7416 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.11 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 198.35 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.82 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -164.45 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -1,394 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Norway?
- Adjusted savings: education expenditure in Norway was 33.95 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Norway?
- The highest recorded value was 34.99 billion current US$ in 2012.
- What is the lowest adjusted savings: education expenditure recorded in Norway?
- The lowest recorded value was 635.26 million current US$ in 1970.
- How does Norway rank for adjusted savings: education expenditure?
- Norway ranks 22nd out of 195 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Norway?
- Over the last ten years it is up 14.4%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.