Gross domestic savings in Norway
Norway: Gross domestic savings 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 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% |
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
- 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)
- Gross capital formation (current US$), annual growth rate 3.94 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2321 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 21,958 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 0.5503 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 2.41 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 228,273 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -2.84 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1955 constant 2015 US$ per US$ of GDP (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.
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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.