Gross capital formation in Norway
Norway: Gross capital formation was 23.2% in 2025. ▼ Falling
Gross capital formation in Norway, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Norway recorded 23.2% for gross capital formation in 2025.
That represents a change of down 1.9% on the previous year and down 9.2% over ten years.
Over the whole period, gross capital formation in Norway peaked at 38.9% in 1976 and was at its lowest, 18.5%, in 2003.
That places Norway 93rd out of 187 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 56 years of available data.
Gross capital formation in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 33.2% | — |
| 1971 | 34.3% | +3.6% |
| 1972 | 31.3% | -8.8% |
| 1973 | 33.4% | +6.5% |
| 1974 | 36.7% | +9.9% |
| 1975 | 37.5% | +2.3% |
| 1976 | 38.9% | +3.7% |
| 1977 | 38.1% | -2.1% |
| 1978 | 30.1% | -21.1% |
| 1979 | 28.8% | -4.4% |
| 1980 | 28.5% | -1.0% |
| 1981 | 28.0% | -1.8% |
| 1982 | 28.9% | +3.4% |
| 1983 | 26.5% | -8.3% |
| 1984 | 27.7% | +4.4% |
| 1985 | 27.7% | +0.0% |
| 1986 | 33.1% | +19.6% |
| 1987 | 31.8% | -4.1% |
| 1988 | 30.6% | -3.5% |
| 1989 | 27.7% | -9.7% |
| 1990 | 24.7% | -10.6% |
| 1991 | 22.1% | -10.5% |
| 1992 | 21.4% | -3.5% |
| 1993 | 21.9% | +2.3% |
| 1994 | 22.8% | +4.1% |
| 1995 | 23.7% | +4.3% |
| 1996 | 22.3% | -5.9% |
| 1997 | 24.4% | +9.4% |
| 1998 | 27.5% | +12.6% |
| 1999 | 23.8% | -13.4% |
| 2000 | 21.1% | -11.3% |
| 2001 | 19.8% | -6.2% |
| 2002 | 19.4% | -2.2% |
| 2003 | 18.5% | -4.6% |
| 2004 | 20.6% | +11.1% |
| 2005 | 21.3% | +3.9% |
| 2006 | 22.8% | +6.8% |
| 2007 | 26.0% | +13.8% |
| 2008 | 25.1% | -3.4% |
| 2009 | 23.4% | -6.6% |
| 2010 | 24.0% | +2.6% |
| 2011 | 24.5% | +1.9% |
| 2012 | 24.9% | +1.7% |
| 2013 | 26.2% | +5.2% |
| 2014 | 26.0% | -0.8% |
| 2015 | 25.6% | -1.6% |
| 2016 | 26.2% | +2.3% |
| 2017 | 26.0% | -0.6% |
| 2018 | 26.0% | -0.2% |
| 2019 | 27.9% | +7.5% |
| 2020 | 29.0% | +4.0% |
| 2021 | 23.4% | -19.3% |
| 2022 | 21.0% | -10.3% |
| 2023 | 23.6% | +12.4% |
| 2024 | 23.7% | +0.2% |
| 2025 | 23.2% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.2% | 28.8% | 38.9% | 10 |
| 1980s | 29.0% | 26.5% | 33.1% | 10 |
| 1990s | 23.5% | 21.4% | 27.5% | 10 |
| 2000s | 21.8% | 18.5% | 26.0% | 10 |
| 2010s | 25.7% | 24.0% | 27.9% | 10 |
| 2020s | 24.0% | 21.0% | 29.0% | 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)
- 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 gross capital formation in Norway?
- Gross capital formation in Norway was 23.2% 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 38.9% in 1976.
- What is the lowest gross capital formation recorded in Norway?
- The lowest recorded value was 18.5% in 2003.
- How does Norway rank for gross capital formation?
- Norway ranks 93rd out of 187 countries with data for 2025.
- Is gross capital formation rising or falling in Norway?
- Over the last ten years it is down 9.2%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.