Gross fixed capital formation in Norway
Norway: Gross fixed capital formation was 1.03 trillion constant LCU in 2025. ▲ Rising
Latest (2025)
1.03 trillion constant LCU
Change on year
up 1.3%
World rank
53rd
of 168 countries
All-time high
1.06 trillion constant LCU
in 2019
All-time low
250.76 billion constant LCU
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 LCU.
Analysis
The most recent figure for gross fixed capital formation in Norway is 1.03 trillion constant LCU, 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 1.06 trillion constant LCU in 2019 and was at its lowest, 250.76 billion constant LCU, in 1970.
Norway ranks 53rd of 168 countries on this measure, in the middle of the range.
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 LCU | Change |
|---|---|---|
| 1970 | 250.76 billion constant LCU | — |
| 1971 | 291.52 billion constant LCU | +16.3% |
| 1972 | 284.09 billion constant LCU | -2.5% |
| 1973 | 317.28 billion constant LCU | +11.7% |
| 1974 | 336.32 billion constant LCU | +6.0% |
| 1975 | 369.42 billion constant LCU | +9.8% |
| 1976 | 406.01 billion constant LCU | +9.9% |
| 1977 | 418.37 billion constant LCU | +3.0% |
| 1978 | 372.62 billion constant LCU | -10.9% |
| 1979 | 379.78 billion constant LCU | +1.9% |
| 1980 | 375.19 billion constant LCU | -1.2% |
| 1981 | 394.12 billion constant LCU | +5.0% |
| 1982 | 397.44 billion constant LCU | +0.8% |
| 1983 | 419.12 billion constant LCU | +5.5% |
| 1984 | 424.52 billion constant LCU | +1.3% |
| 1985 | 411.09 billion constant LCU | -3.2% |
| 1986 | 441.74 billion constant LCU | +7.5% |
| 1987 | 445.05 billion constant LCU | +0.7% |
| 1988 | 440.62 billion constant LCU | -1.0% |
| 1989 | 410.96 billion constant LCU | -6.7% |
| 1990 | 368.65 billion constant LCU | -10.3% |
| 1991 | 367.28 billion constant LCU | -0.4% |
| 1992 | 360.01 billion constant LCU | -2.0% |
| 1993 | 380.29 billion constant LCU | +5.6% |
| 1994 | 398.96 billion constant LCU | +4.9% |
| 1995 | 412.52 billion constant LCU | +3.4% |
| 1996 | 450.41 billion constant LCU | +9.2% |
| 1997 | 516.91 billion constant LCU | +14.8% |
| 1998 | 580.32 billion constant LCU | +12.3% |
| 1999 | 552.12 billion constant LCU | -4.9% |
| 2000 | 534.03 billion constant LCU | -3.3% |
| 2001 | 532.64 billion constant LCU | -0.3% |
| 2002 | 533.13 billion constant LCU | +0.1% |
| 2003 | 534.71 billion constant LCU | +0.3% |
| 2004 | 598.25 billion constant LCU | +11.9% |
| 2005 | 661.16 billion constant LCU | +10.5% |
| 2006 | 729.88 billion constant LCU | +10.4% |
| 2007 | 827.83 billion constant LCU | +13.4% |
| 2008 | 848.99 billion constant LCU | +2.6% |
| 2009 | 785.29 billion constant LCU | -7.5% |
| 2010 | 731.66 billion constant LCU | -6.8% |
| 2011 | 792.35 billion constant LCU | +8.3% |
| 2012 | 850.51 billion constant LCU | +7.3% |
| 2013 | 902.67 billion constant LCU | +6.1% |
| 2014 | 906.85 billion constant LCU | +0.5% |
| 2015 | 874.31 billion constant LCU | -3.6% |
| 2016 | 917.53 billion constant LCU | +4.9% |
| 2017 | 941.00 billion constant LCU | +2.6% |
| 2018 | 961.37 billion constant LCU | +2.2% |
| 2019 | 1.06 trillion constant LCU | +10.4% |
| 2020 | 1.02 trillion constant LCU | -3.7% |
| 2021 | 1.04 trillion constant LCU | +1.5% |
| 2022 | 1.05 trillion constant LCU | +1.3% |
| 2023 | 1.03 trillion constant LCU | -1.8% |
| 2024 | 1.02 trillion constant LCU | -1.4% |
| 2025 | 1.03 trillion constant LCU | +1.3% |
Norway compared with similar countries
- Norway's 1.03 trillion constant LCU is above the median for high income countries, which is 135.02 billion constant LCU, 7.6× the median. (58 countries reporting)
- Norway's 1.03 trillion constant LCU is above the median for Europe & Central Asia, which is 140.09 billion constant LCU, 7.3× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 342.62 billion constant LCU | 250.76 billion constant LCU | 418.37 billion constant LCU | 10 |
| 1980s | 415.99 billion constant LCU | 375.19 billion constant LCU | 445.05 billion constant LCU | 10 |
| 1990s | 438.75 billion constant LCU | 360.01 billion constant LCU | 580.32 billion constant LCU | 10 |
| 2000s | 658.59 billion constant LCU | 532.64 billion constant LCU | 848.99 billion constant LCU | 10 |
| 2010s | 893.96 billion constant LCU | 731.66 billion constant LCU | 1.06 trillion constant LCU | 10 |
| 2020s | 1.03 trillion constant LCU | 1.02 trillion constant LCU | 1.05 trillion constant LCU | 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 fixed capital formation in Norway?
- Gross fixed capital formation in Norway was 1.03 trillion constant LCU 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 1.06 trillion constant LCU in 2019.
- What is the lowest gross fixed capital formation recorded in Norway?
- The lowest recorded value was 250.76 billion constant LCU in 1970.
- How does Norway rank for gross fixed capital formation?
- Norway ranks 53rd out of 168 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 LCU). 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 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 varies by country. This series is expressed in local currency units.