Gross capital formation in Norway
Norway: Gross capital formation was 123.20 billion current US$ in 2025. ◆ Volatile
Latest (2025)
123.20 billion current US$
Change on year
up 3.9%
World rank
34th
of 187 countries
All-time high
141.40 billion current US$
in 2013
All-time low
4.23 billion current 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 current US$.
Analysis
Norway recorded 123.20 billion current US$ for gross capital formation in 2025.
The figure is up 3.9% on the previous year and up 20.2% over ten years.
Over the whole period, gross capital formation in Norway peaked at 141.40 billion current US$ in 2013 and was at its lowest, 4.23 billion current US$, in 1970.
That places Norway 34th out of 187 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Norway, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 4.23 billion current US$ | — |
| 1971 | 4.99 billion current US$ | +18.0% |
| 1972 | 5.42 billion current US$ | +8.6% |
| 1973 | 7.49 billion current US$ | +38.3% |
| 1974 | 9.91 billion current US$ | +32.4% |
| 1975 | 12.28 billion current US$ | +23.9% |
| 1976 | 13.94 billion current US$ | +13.5% |
| 1977 | 15.76 billion current US$ | +13.1% |
| 1978 | 13.95 billion current US$ | -11.5% |
| 1979 | 15.23 billion current US$ | +9.2% |
| 1980 | 18.27 billion current US$ | +20.0% |
| 1981 | 17.73 billion current US$ | -3.0% |
| 1982 | 18.07 billion current US$ | +1.9% |
| 1983 | 16.29 billion current US$ | -9.8% |
| 1984 | 17.13 billion current US$ | +5.1% |
| 1985 | 18.06 billion current US$ | +5.4% |
| 1986 | 25.98 billion current US$ | +43.9% |
| 1987 | 29.83 billion current US$ | +14.8% |
| 1988 | 31.10 billion current US$ | +4.3% |
| 1989 | 28.28 billion current US$ | -9.0% |
| 1990 | 29.54 billion current US$ | +4.4% |
| 1991 | 26.83 billion current US$ | -9.2% |
| 1992 | 27.79 billion current US$ | +3.6% |
| 1993 | 26.20 billion current US$ | -5.7% |
| 1994 | 28.75 billion current US$ | +9.7% |
| 1995 | 35.86 billion current US$ | +24.7% |
| 1996 | 36.27 billion current US$ | +1.2% |
| 1997 | 39.10 billion current US$ | +7.8% |
| 1998 | 42.07 billion current US$ | +7.6% |
| 1999 | 38.43 billion current US$ | -8.7% |
| 2000 | 36.05 billion current US$ | -6.2% |
| 2001 | 34.41 billion current US$ | -4.5% |
| 2002 | 37.89 billion current US$ | +10.1% |
| 2003 | 42.40 billion current US$ | +11.9% |
| 2004 | 54.59 billion current US$ | +28.7% |
| 2005 | 66.48 billion current US$ | +21.8% |
| 2006 | 79.75 billion current US$ | +20.0% |
| 2007 | 105.83 billion current US$ | +32.7% |
| 2008 | 118.31 billion current US$ | +11.8% |
| 2009 | 92.62 billion current US$ | -21.7% |
| 2010 | 105.67 billion current US$ | +14.1% |
| 2011 | 125.46 billion current US$ | +18.7% |
| 2012 | 130.66 billion current US$ | +4.1% |
| 2013 | 141.40 billion current US$ | +8.2% |
| 2014 | 134.01 billion current US$ | -5.2% |
| 2015 | 102.48 billion current US$ | -23.5% |
| 2016 | 100.29 billion current US$ | -2.1% |
| 2017 | 108.09 billion current US$ | +7.8% |
| 2018 | 118.01 billion current US$ | +9.2% |
| 2019 | 118.43 billion current US$ | +0.4% |
| 2020 | 110.94 billion current US$ | -6.3% |
| 2021 | 122.12 billion current US$ | +10.1% |
| 2022 | 129.62 billion current US$ | +6.1% |
| 2023 | 118.56 billion current US$ | -8.5% |
| 2024 | 118.54 billion current US$ | -0.0% |
| 2025 | 123.20 billion current US$ | +3.9% |
Norway compared with similar countries
- Norway's 123.20 billion current US$ is above the median for high income countries, which is 48.39 billion current US$, 2.5× the median. (67 countries reporting)
- Norway's 123.20 billion current US$ is above the median for Europe & Central Asia, which is 29.72 billion current US$, 4.1× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.32 billion current US$ | 4.23 billion current US$ | 15.76 billion current US$ | 10 |
| 1980s | 22.07 billion current US$ | 16.29 billion current US$ | 31.10 billion current US$ | 10 |
| 1990s | 33.08 billion current US$ | 26.20 billion current US$ | 42.07 billion current US$ | 10 |
| 2000s | 66.83 billion current US$ | 34.41 billion current US$ | 118.31 billion current US$ | 10 |
| 2010s | 118.45 billion current US$ | 100.29 billion current US$ | 141.40 billion current US$ | 10 |
| 2020s | 120.50 billion current US$ | 110.94 billion current US$ | 129.62 billion current US$ | 6 |
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$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Norway?
- Gross capital formation in Norway was 123.20 billion current US$ 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 141.40 billion current US$ in 2013.
- What is the lowest gross capital formation recorded in Norway?
- The lowest recorded value was 4.23 billion current US$ in 1970.
- How does Norway rank for gross capital formation?
- Norway ranks 34th out of 187 countries with data for 2025.
- Is gross capital formation rising or falling in Norway?
- Over the last ten years it is up 20.2%. The long-run trend across the full record is volatile.
- 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 (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.