Adjusted savings: net national savings in Norway
Norway: Adjusted savings: net national savings was 21.5% in 2021. ▲ Rising
Adjusted savings: net national savings in Norway, 1975–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: net national savings in Norway is 21.5%, measured in 2021.
That represents a change of up 106.4% on the previous year and down 5.4% over ten years.
Over the whole period, adjusted savings: net national savings in Norway peaked at 27.9% in 2008 and was at its lowest, 6.9%, in 1992.
That places Norway 27th out of 177 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 47 years of available data.
Adjusted savings: net national savings in Norway, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1975 | 14.8% | — |
| 1976 | 12.7% | -14.2% |
| 1977 | 9.5% | -24.7% |
| 1978 | 9.6% | +1.0% |
| 1979 | 10.2% | +6.1% |
| 1980 | 15.1% | +47.7% |
| 1981 | 15.9% | +5.2% |
| 1982 | 13.8% | -12.9% |
| 1983 | 14.3% | +3.2% |
| 1984 | 17.2% | +20.3% |
| 1985 | 16.3% | -5.2% |
| 1986 | 9.6% | -41.0% |
| 1987 | 8.7% | -9.0% |
| 1988 | 7.4% | -15.9% |
| 1989 | 8.5% | +15.0% |
| 1990 | 8.6% | +1.3% |
| 1991 | 7.6% | -11.4% |
| 1992 | 6.9% | -9.6% |
| 1993 | 6.9% | +0.8% |
| 1994 | 8.2% | +18.2% |
| 1995 | 10.3% | +25.7% |
| 1996 | 12.9% | +25.6% |
| 1997 | 15.0% | +16.5% |
| 1998 | 11.0% | -26.5% |
| 1999 | 13.4% | +21.3% |
| 2000 | 21.8% | +62.6% |
| 2001 | 21.1% | -3.2% |
| 2002 | 17.0% | -19.3% |
| 2003 | 16.1% | -5.1% |
| 2004 | 19.4% | +20.2% |
| 2005 | 24.8% | +27.5% |
| 2006 | 26.9% | +8.5% |
| 2007 | 25.6% | -4.8% |
| 2008 | 27.9% | +9.3% |
| 2009 | 19.1% | -31.6% |
| 2010 | 20.4% | +6.9% |
| 2011 | 22.7% | +11.3% |
| 2012 | 23.3% | +2.7% |
| 2013 | 22.2% | -4.7% |
| 2014 | 21.4% | -3.7% |
| 2015 | 17.0% | -20.4% |
| 2016 | 13.6% | -20.2% |
| 2017 | 15.1% | +10.8% |
| 2018 | 18.0% | +19.7% |
| 2019 | 14.1% | -22.0% |
| 2020 | 10.4% | -25.9% |
| 2021 | 21.5% | +106.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.4% | 9.5% | 14.8% | 5 |
| 1980s | 12.7% | 7.4% | 17.2% | 10 |
| 1990s | 10.1% | 6.9% | 15.0% | 10 |
| 2000s | 22.0% | 16.1% | 27.9% | 10 |
| 2010s | 18.8% | 13.6% | 23.3% | 10 |
| 2020s | 16.0% | 10.4% | 21.5% | 2 |
Countries ranked near Norway
- 24 Gabon 22.5% compare
- 25 Dominican Republic 22.2% compare
- 26 Bahrain 22.0% compare
- 28 Tajikistan 21.3% compare
- 29 Cape Verde 21.2% compare
- 30 Congo, Democratic Republic of the 21.1% compare
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)
- Gross capital formation (current US$), annual growth rate 3.94 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2321 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 21,958 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 0.5503 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 2.41 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 228,273 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -2.84 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1955 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Norway?
- Adjusted savings: net national savings in Norway was 21.5% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Norway?
- The highest recorded value was 27.9% in 2008.
- What is the lowest adjusted savings: net national savings recorded in Norway?
- The lowest recorded value was 6.9% in 1992.
- How does Norway rank for adjusted savings: net national savings?
- Norway ranks 27th out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Norway?
- Over the last ten years it is down 5.4%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.