Gross capital formation in Norway
Norway: Gross capital formation was 103.74 billion constant 2015 US$ in 2025. ▲ Rising
Latest (2025)
103.74 billion constant 2015 US$
Change on year
down 2.8%
World rank
30th
of 163 countries
All-time high
114.62 billion constant 2015 US$
in 2019
All-time low
37.93 billion constant 2015 US$
in 1970
Years of data
56
1970–2025
Gross capital formation in Norway, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross capital formation in Norway is 103.74 billion constant 2015 US$, measured in 2025.
The figure is down 2.8% on the previous year and up 1.2% over ten years.
Over the whole period, gross capital formation in Norway peaked at 114.62 billion constant 2015 US$ in 2019 and was at its lowest, 37.93 billion constant 2015 US$, in 1970.
That places Norway 30th out of 163 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Gross capital formation in Norway, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 37.93 billion constant 2015 US$ | — |
| 1971 | 41.99 billion constant 2015 US$ | +10.7% |
| 1972 | 39.63 billion constant 2015 US$ | -5.6% |
| 1973 | 45.12 billion constant 2015 US$ | +13.9% |
| 1974 | 49.32 billion constant 2015 US$ | +9.3% |
| 1975 | 50.86 billion constant 2015 US$ | +3.1% |
| 1976 | 54.56 billion constant 2015 US$ | +7.3% |
| 1977 | 54.88 billion constant 2015 US$ | +0.6% |
| 1978 | 45.72 billion constant 2015 US$ | -16.7% |
| 1979 | 46.80 billion constant 2015 US$ | +2.4% |
| 1980 | 49.89 billion constant 2015 US$ | +6.6% |
| 1981 | 51.15 billion constant 2015 US$ | +2.5% |
| 1982 | 53.06 billion constant 2015 US$ | +3.7% |
| 1983 | 50.22 billion constant 2015 US$ | -5.4% |
| 1984 | 55.80 billion constant 2015 US$ | +11.1% |
| 1985 | 57.43 billion constant 2015 US$ | +2.9% |
| 1986 | 66.69 billion constant 2015 US$ | +16.1% |
| 1987 | 63.79 billion constant 2015 US$ | -4.4% |
| 1988 | 59.91 billion constant 2015 US$ | -6.1% |
| 1989 | 55.79 billion constant 2015 US$ | -6.9% |
| 1990 | 52.75 billion constant 2015 US$ | -5.5% |
| 1991 | 49.36 billion constant 2015 US$ | -6.4% |
| 1992 | 48.89 billion constant 2015 US$ | -1.0% |
| 1993 | 51.77 billion constant 2015 US$ | +5.9% |
| 1994 | 55.61 billion constant 2015 US$ | +7.4% |
| 1995 | 59.96 billion constant 2015 US$ | +7.8% |
| 1996 | 60.52 billion constant 2015 US$ | +0.9% |
| 1997 | 70.75 billion constant 2015 US$ | +16.9% |
| 1998 | 79.79 billion constant 2015 US$ | +12.8% |
| 1999 | 73.73 billion constant 2015 US$ | -7.6% |
| 2000 | 74.55 billion constant 2015 US$ | +1.1% |
| 2001 | 70.50 billion constant 2015 US$ | -5.4% |
| 2002 | 68.60 billion constant 2015 US$ | -2.7% |
| 2003 | 67.07 billion constant 2015 US$ | -2.2% |
| 2004 | 78.50 billion constant 2015 US$ | +17.0% |
| 2005 | 86.20 billion constant 2015 US$ | +9.8% |
| 2006 | 96.09 billion constant 2015 US$ | +11.5% |
| 2007 | 107.57 billion constant 2015 US$ | +11.9% |
| 2008 | 109.26 billion constant 2015 US$ | +1.6% |
| 2009 | 93.04 billion constant 2015 US$ | -14.8% |
| 2010 | 95.35 billion constant 2015 US$ | +2.5% |
| 2011 | 99.55 billion constant 2015 US$ | +4.4% |
| 2012 | 102.68 billion constant 2015 US$ | +3.1% |
| 2013 | 108.92 billion constant 2015 US$ | +6.1% |
| 2014 | 106.72 billion constant 2015 US$ | -2.0% |
| 2015 | 102.48 billion constant 2015 US$ | -4.0% |
| 2016 | 103.70 billion constant 2015 US$ | +1.2% |
| 2017 | 106.74 billion constant 2015 US$ | +2.9% |
| 2018 | 109.42 billion constant 2015 US$ | +2.5% |
| 2019 | 114.62 billion constant 2015 US$ | +4.8% |
| 2020 | 107.49 billion constant 2015 US$ | -6.2% |
| 2021 | 104.33 billion constant 2015 US$ | -2.9% |
| 2022 | 114.42 billion constant 2015 US$ | +9.7% |
| 2023 | 109.63 billion constant 2015 US$ | -4.2% |
| 2024 | 106.77 billion constant 2015 US$ | -2.6% |
| 2025 | 103.74 billion constant 2015 US$ | -2.8% |
Norway compared with similar countries
- Norway's 103.74 billion constant 2015 US$ is above the median for high income countries, which is 50.23 billion constant 2015 US$, 2.1× the median. (58 countries reporting)
- Norway's 103.74 billion constant 2015 US$ is above the median for Europe & Central Asia, which is 21.86 billion constant 2015 US$, 4.7× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 46.68 billion constant 2015 US$ | 37.93 billion constant 2015 US$ | 54.88 billion constant 2015 US$ | 10 |
| 1980s | 56.37 billion constant 2015 US$ | 49.89 billion constant 2015 US$ | 66.69 billion constant 2015 US$ | 10 |
| 1990s | 60.31 billion constant 2015 US$ | 48.89 billion constant 2015 US$ | 79.79 billion constant 2015 US$ | 10 |
| 2000s | 85.14 billion constant 2015 US$ | 67.07 billion constant 2015 US$ | 109.26 billion constant 2015 US$ | 10 |
| 2010s | 105.02 billion constant 2015 US$ | 95.35 billion constant 2015 US$ | 114.62 billion constant 2015 US$ | 10 |
| 2020s | 107.73 billion constant 2015 US$ | 103.74 billion constant 2015 US$ | 114.42 billion constant 2015 US$ | 6 |
Countries ranked near Norway
- 27 Singapore 106.08 billion constant 2015 US$ compare
- 28 Argentina 103.96 billion constant 2015 US$ compare
- 29 Israel 103.93 billion constant 2015 US$ compare
- 31 Bangladesh 102.98 billion constant 2015 US$ compare
- 32 Philippines 101.95 billion constant 2015 US$ compare
- 33 Malaysia 101.08 billion constant 2015 US$ 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)
- 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$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Norway?
- Gross capital formation in Norway was 103.74 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Norway?
- The highest recorded value was 114.62 billion constant 2015 US$ in 2019.
- What is the lowest gross capital formation recorded in Norway?
- The lowest recorded value was 37.93 billion constant 2015 US$ in 1970.
- How does Norway rank for gross capital formation?
- Norway ranks 30th out of 163 countries with data for 2025.
- Is gross capital formation rising or falling in Norway?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.