Annual growth of the gross capital formation (%) in Norway
Norway: Annual growth of the gross capital formation (%) was -2.8% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Norway, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Norway stood at -2.8%.
That represents a change of up 23.9% on the previous year and down 199.9% over ten years.
Over the whole period, annual growth of the gross capital formation in Norway peaked at 16.7% in 2004 and was at its lowest, -14.2%, in 2009.
That places Norway 128th out of 175 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation (%) in Norway, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.2% | — |
| 2001 | -5.0% | -529.9% |
| 2002 | -1.3% | -73.7% |
| 2003 | -1.9% | +44.1% |
| 2004 | 16.7% | -983.8% |
| 2005 | 10.6% | -36.3% |
| 2006 | 11.6% | +8.9% |
| 2007 | 11.3% | -2.4% |
| 2008 | 0.6% | -95.1% |
| 2009 | -14.2% | -2654.3% |
| 2010 | 3.2% | -122.8% |
| 2011 | 4.8% | +48.3% |
| 2012 | 3.8% | -21.2% |
| 2013 | 6.8% | +80.2% |
| 2014 | -0.9% | -113.9% |
| 2015 | -2.8% | +199.6% |
| 2016 | 2.3% | -179.2% |
| 2017 | 3.7% | +65.0% |
| 2018 | 3.9% | +4.2% |
| 2019 | 4.7% | +22.5% |
| 2020 | -3.2% | -167.2% |
| 2021 | -1.9% | -39.1% |
| 2022 | 5.7% | -391.1% |
| 2023 | -3.7% | -166.2% |
| 2024 | -2.8% | -23.9% |
Norway compared with similar countries
- Norway's -2.8% is below the median for high income countries, which is -0.2%, 11.7× the median. (55 countries reporting)
- Norway's -2.8% is below the median for Europe & Central Asia, which is 1.6%. (48 countries reporting)
Biggest year-on-year movements
Years where Annual growth of the gross capital formation (%) in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -2654.3% | 0.6% | -14.2% |
| 2004 | +983.8% | -1.9% | 16.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.0% | -14.2% | 16.7% | 10 |
| 2010s | 2.9% | -2.8% | 6.8% | 10 |
| 2020s | -1.2% | -3.7% | 5.7% | 5 |
Countries ranked near Norway
More economy & growth data for Norway
- Real gdp growth, annual growth rate -23.81 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,340 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4463 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 978.78 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.99 % change on previous year (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Norway?
- Annual growth of the gross capital formation in Norway was -2.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Norway?
- The highest recorded value was 16.7% in 2004.
- What is the lowest annual growth of the gross capital formation recorded in Norway?
- The lowest recorded value was -14.2% in 2009.
- How does Norway rank for annual growth of the gross capital formation?
- Norway ranks 128th out of 175 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Norway?
- Over the last ten years it is down 199.9%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
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