Annual growth of the gross capital formation in Norway
Norway: Annual growth of the gross capital formation was -2.9% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Norway, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Norway recorded -2.9% for annual growth of the gross capital formation in 2024.
Compared with earlier readings it is up 23.8% on the previous year and down 200.0% 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.
Norway ranks 124th of 167 countries on this measure, 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% | -529.3% |
| 2002 | -1.3% | -73.7% |
| 2003 | -1.9% | +44.3% |
| 2004 | 16.7% | -982.5% |
| 2005 | 10.6% | -36.3% |
| 2006 | 11.6% | +8.9% |
| 2007 | 11.3% | -2.3% |
| 2008 | 0.6% | -95.1% |
| 2009 | -14.2% | -2678.2% |
| 2010 | 3.2% | -122.8% |
| 2011 | 4.8% | +48.6% |
| 2012 | 3.8% | -21.3% |
| 2013 | 6.8% | +80.2% |
| 2014 | -0.9% | -114.0% |
| 2015 | -2.8% | +198.9% |
| 2016 | 2.2% | -179.2% |
| 2017 | 3.7% | +65.3% |
| 2018 | 3.9% | +4.0% |
| 2019 | 4.7% | +22.5% |
| 2020 | -3.2% | -167.3% |
| 2021 | -1.9% | -39.2% |
| 2022 | 5.7% | -391.2% |
| 2023 | -3.7% | -166.2% |
| 2024 | -2.9% | -23.8% |
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
- 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0612 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 5,785 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.6357 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 60,137 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.055 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 5,206 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 46,282 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 1.51 % 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 -2.9% in 2024, according to World Bank – processed by Our World in Data.
- 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 124th out of 167 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 200.0%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).