Gross domestic savings (% of GDP) in Norway
Norway: Gross domestic savings (% of GDP) was 34.9% in 2025. ▲ Rising
Gross domestic savings in Norway, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross domestic savings in Norway is 34.9%, measured in 2025.
That represents a change of down 5.3% on the previous year and up 8.1% over ten years.
Over the whole period, gross domestic savings in Norway peaked at 48.2% in 2022 and was at its lowest, 27.7%, in 1992.
Norway ranks 27th of 188 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Gross domestic savings (% of GDP) in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 32.4% | — |
| 1971 | 31.7% | -2.3% |
| 1972 | 32.0% | +0.9% |
| 1973 | 32.9% | +2.7% |
| 1974 | 33.8% | +2.9% |
| 1975 | 31.6% | -6.7% |
| 1976 | 30.4% | -3.7% |
| 1977 | 28.9% | -5.1% |
| 1978 | 30.1% | +4.4% |
| 1979 | 30.8% | +2.2% |
| 1980 | 34.2% | +11.0% |
| 1981 | 34.9% | +2.1% |
| 1982 | 33.7% | -3.3% |
| 1983 | 34.0% | +1.0% |
| 1984 | 36.2% | +6.2% |
| 1985 | 34.6% | -4.3% |
| 1986 | 29.4% | -15.1% |
| 1987 | 29.2% | -0.7% |
| 1988 | 29.6% | +1.6% |
| 1989 | 30.7% | +3.7% |
| 1990 | 30.7% | -0.3% |
| 1991 | 29.6% | -3.4% |
| 1992 | 27.7% | -6.3% |
| 1993 | 27.9% | +0.6% |
| 1994 | 28.5% | +2.0% |
| 1995 | 29.5% | +3.7% |
| 1996 | 30.9% | +4.6% |
| 1997 | 32.3% | +4.7% |
| 1998 | 29.3% | -9.4% |
| 1999 | 31.0% | +5.9% |
| 2000 | 38.0% | +22.5% |
| 2001 | 36.6% | -3.8% |
| 2002 | 32.7% | -10.6% |
| 2003 | 31.4% | -4.0% |
| 2004 | 33.9% | +8.1% |
| 2005 | 37.6% | +10.7% |
| 2006 | 40.0% | +6.4% |
| 2007 | 39.8% | -0.5% |
| 2008 | 42.5% | +6.9% |
| 2009 | 35.5% | -16.5% |
| 2010 | 36.0% | +1.5% |
| 2011 | 38.2% | +5.9% |
| 2012 | 38.8% | +1.8% |
| 2013 | 37.8% | -2.6% |
| 2014 | 36.2% | -4.2% |
| 2015 | 32.3% | -10.8% |
| 2016 | 29.0% | -10.3% |
| 2017 | 30.4% | +4.8% |
| 2018 | 32.4% | +6.6% |
| 2019 | 30.4% | -6.1% |
| 2020 | 28.3% | -6.8% |
| 2021 | 37.9% | +33.6% |
| 2022 | 48.2% | +27.3% |
| 2023 | 39.0% | -19.1% |
| 2024 | 36.8% | -5.6% |
| 2025 | 34.9% | -5.3% |
Norway compared with similar countries
- Norway's 34.9% is above the median for high income countries, which is 25.7%, 1.4× the median. (67 countries reporting)
- Norway's 34.9% is above the median for Europe & Central Asia, which is 24.2%, 1.4× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 31.4% | 28.9% | 33.8% | 10 |
| 1980s | 32.6% | 29.2% | 36.2% | 10 |
| 1990s | 29.7% | 27.7% | 32.3% | 10 |
| 2000s | 36.8% | 31.4% | 42.5% | 10 |
| 2010s | 34.2% | 29.0% | 38.8% | 10 |
| 2020s | 37.5% | 28.3% | 48.2% | 6 |
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 gross domestic savings in Norway?
- Gross domestic savings in Norway was 34.9% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Norway?
- The highest recorded value was 48.2% in 2022.
- What is the lowest gross domestic savings recorded in Norway?
- The lowest recorded value was 27.7% in 1992.
- How does Norway rank for gross domestic savings?
- Norway ranks 27th out of 188 countries with data for 2025.
- Is gross domestic savings rising or falling in Norway?
- Over the last ten years it is up 8.1%. 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 domestic savings (% of GDP). 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 domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.