Gross fixed capital formation in Norway
Norway: Gross fixed capital formation was 113.93 billion constant 2015 US$ in 2025. ▲ Rising
Latest (2025)
113.93 billion constant 2015 US$
Change on year
up 1.3%
World rank
26th
of 161 countries
All-time high
117.50 billion constant 2015 US$
in 2019
All-time low
27.76 billion constant 2015 US$
in 1970
Years of data
56
1970–2025
Gross fixed capital formation in Norway, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross fixed capital formation in Norway is 113.93 billion constant 2015 US$, measured in 2025.
Compared with earlier readings it is up 1.3% on the previous year and up 17.7% over ten years.
Over the whole period, gross fixed capital formation in Norway peaked at 117.50 billion constant 2015 US$ in 2019 and was at its lowest, 27.76 billion constant 2015 US$, in 1970.
Norway ranks 26th of 161 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Gross fixed capital formation in Norway, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 27.76 billion constant 2015 US$ | — |
| 1971 | 32.27 billion constant 2015 US$ | +16.3% |
| 1972 | 31.45 billion constant 2015 US$ | -2.5% |
| 1973 | 35.13 billion constant 2015 US$ | +11.7% |
| 1974 | 37.23 billion constant 2015 US$ | +6.0% |
| 1975 | 40.90 billion constant 2015 US$ | +9.8% |
| 1976 | 44.95 billion constant 2015 US$ | +9.9% |
| 1977 | 46.32 billion constant 2015 US$ | +3.0% |
| 1978 | 41.25 billion constant 2015 US$ | -10.9% |
| 1979 | 42.05 billion constant 2015 US$ | +1.9% |
| 1980 | 41.54 billion constant 2015 US$ | -1.2% |
| 1981 | 43.63 billion constant 2015 US$ | +5.0% |
| 1982 | 44.00 billion constant 2015 US$ | +0.8% |
| 1983 | 46.40 billion constant 2015 US$ | +5.5% |
| 1984 | 47.00 billion constant 2015 US$ | +1.3% |
| 1985 | 45.51 billion constant 2015 US$ | -3.2% |
| 1986 | 48.90 billion constant 2015 US$ | +7.5% |
| 1987 | 49.27 billion constant 2015 US$ | +0.7% |
| 1988 | 48.78 billion constant 2015 US$ | -1.0% |
| 1989 | 45.50 billion constant 2015 US$ | -6.7% |
| 1990 | 40.81 billion constant 2015 US$ | -10.3% |
| 1991 | 40.66 billion constant 2015 US$ | -0.4% |
| 1992 | 39.86 billion constant 2015 US$ | -2.0% |
| 1993 | 42.10 billion constant 2015 US$ | +5.6% |
| 1994 | 44.17 billion constant 2015 US$ | +4.9% |
| 1995 | 45.67 billion constant 2015 US$ | +3.4% |
| 1996 | 49.86 billion constant 2015 US$ | +9.2% |
| 1997 | 57.23 billion constant 2015 US$ | +14.8% |
| 1998 | 64.25 billion constant 2015 US$ | +12.3% |
| 1999 | 61.12 billion constant 2015 US$ | -4.9% |
| 2000 | 59.12 billion constant 2015 US$ | -3.3% |
| 2001 | 58.97 billion constant 2015 US$ | -0.3% |
| 2002 | 59.02 billion constant 2015 US$ | +0.1% |
| 2003 | 59.20 billion constant 2015 US$ | +0.3% |
| 2004 | 66.23 billion constant 2015 US$ | +11.9% |
| 2005 | 73.20 billion constant 2015 US$ | +10.5% |
| 2006 | 80.80 billion constant 2015 US$ | +10.4% |
| 2007 | 91.65 billion constant 2015 US$ | +13.4% |
| 2008 | 93.99 billion constant 2015 US$ | +2.6% |
| 2009 | 86.94 billion constant 2015 US$ | -7.5% |
| 2010 | 81.00 billion constant 2015 US$ | -6.8% |
| 2011 | 87.72 billion constant 2015 US$ | +8.3% |
| 2012 | 94.16 billion constant 2015 US$ | +7.3% |
| 2013 | 99.93 billion constant 2015 US$ | +6.1% |
| 2014 | 100.40 billion constant 2015 US$ | +0.5% |
| 2015 | 96.79 billion constant 2015 US$ | -3.6% |
| 2016 | 101.58 billion constant 2015 US$ | +4.9% |
| 2017 | 104.18 billion constant 2015 US$ | +2.6% |
| 2018 | 106.43 billion constant 2015 US$ | +2.2% |
| 2019 | 117.50 billion constant 2015 US$ | +10.4% |
| 2020 | 113.10 billion constant 2015 US$ | -3.7% |
| 2021 | 114.77 billion constant 2015 US$ | +1.5% |
| 2022 | 116.23 billion constant 2015 US$ | +1.3% |
| 2023 | 114.11 billion constant 2015 US$ | -1.8% |
| 2024 | 112.47 billion constant 2015 US$ | -1.4% |
| 2025 | 113.93 billion constant 2015 US$ | +1.3% |
Norway compared with similar countries
- Norway's 113.93 billion constant 2015 US$ is above the median for high income countries, which is 50.87 billion constant 2015 US$, 2.2× the median. (57 countries reporting)
- Norway's 113.93 billion constant 2015 US$ is above the median for Europe & Central Asia, which is 27.92 billion constant 2015 US$, 4.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 37.93 billion constant 2015 US$ | 27.76 billion constant 2015 US$ | 46.32 billion constant 2015 US$ | 10 |
| 1980s | 46.05 billion constant 2015 US$ | 41.54 billion constant 2015 US$ | 49.27 billion constant 2015 US$ | 10 |
| 1990s | 48.57 billion constant 2015 US$ | 39.86 billion constant 2015 US$ | 64.25 billion constant 2015 US$ | 10 |
| 2000s | 72.91 billion constant 2015 US$ | 58.97 billion constant 2015 US$ | 93.99 billion constant 2015 US$ | 10 |
| 2010s | 98.97 billion constant 2015 US$ | 81.00 billion constant 2015 US$ | 117.50 billion constant 2015 US$ | 10 |
| 2020s | 114.10 billion constant 2015 US$ | 112.47 billion constant 2015 US$ | 116.23 billion constant 2015 US$ | 6 |
Countries ranked near Norway
- 23 Belgium 129.57 billion constant 2015 US$ compare
- 24 Thailand 116.14 billion constant 2015 US$ compare
- 25 Ireland 115.27 billion constant 2015 US$ compare
- 27 Algeria 109.39 billion constant 2015 US$ compare
- 28 Philippines 108.48 billion constant 2015 US$ compare
- 29 Singapore 105.11 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$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Norway?
- Gross fixed capital formation in Norway was 113.93 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Norway?
- The highest recorded value was 117.50 billion constant 2015 US$ in 2019.
- What is the lowest gross fixed capital formation recorded in Norway?
- The lowest recorded value was 27.76 billion constant 2015 US$ in 1970.
- How does Norway rank for gross fixed capital formation?
- Norway ranks 26th out of 161 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Norway?
- Over the last ten years it is up 17.7%. 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 fixed capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.