Gross fixed capital formation in Norway
Norway: Gross fixed capital formation was 23.4% in 2025. ▼ Falling
Gross fixed capital formation in Norway, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Norway recorded 23.4% for gross fixed capital formation in 2025.
Compared with earlier readings it is up 1.9% on the previous year and down 3.2% over ten years.
Over the whole period, gross fixed capital formation in Norway peaked at 37.4% in 1977 and was at its lowest, 19.0%, in 2003.
That places Norway 76th out of 180 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 fixed capital formation in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 28.2% | — |
| 1971 | 30.7% | +9.1% |
| 1972 | 29.0% | -5.6% |
| 1973 | 30.3% | +4.2% |
| 1974 | 32.0% | +5.7% |
| 1975 | 34.9% | +9.3% |
| 1976 | 37.3% | +6.6% |
| 1977 | 37.4% | +0.3% |
| 1978 | 31.9% | -14.6% |
| 1979 | 30.6% | -4.1% |
| 1980 | 28.0% | -8.5% |
| 1981 | 28.3% | +0.9% |
| 1982 | 28.5% | +0.6% |
| 1983 | 29.0% | +2.0% |
| 1984 | 27.6% | -4.8% |
| 1985 | 26.1% | -5.6% |
| 1986 | 29.0% | +10.9% |
| 1987 | 29.3% | +1.1% |
| 1988 | 29.9% | +2.0% |
| 1989 | 27.0% | -9.5% |
| 1990 | 23.0% | -15.0% |
| 1991 | 21.9% | -4.5% |
| 1992 | 21.1% | -4.0% |
| 1993 | 21.6% | +2.3% |
| 1994 | 21.8% | +1.2% |
| 1995 | 21.7% | -0.7% |
| 1996 | 22.0% | +1.7% |
| 1997 | 23.8% | +8.1% |
| 1998 | 26.8% | +12.5% |
| 1999 | 23.7% | -11.6% |
| 2000 | 20.0% | -15.7% |
| 2001 | 19.7% | -1.3% |
| 2002 | 19.7% | -0.2% |
| 2003 | 19.0% | -3.2% |
| 2004 | 20.0% | +5.3% |
| 2005 | 20.4% | +2.0% |
| 2006 | 21.2% | +3.7% |
| 2007 | 24.0% | +13.2% |
| 2008 | 23.2% | -3.1% |
| 2009 | 23.7% | +1.9% |
| 2010 | 21.0% | -11.4% |
| 2011 | 21.8% | +4.2% |
| 2012 | 22.7% | +4.0% |
| 2013 | 23.8% | +4.5% |
| 2014 | 24.2% | +1.7% |
| 2015 | 24.2% | -0.0% |
| 2016 | 25.8% | +6.8% |
| 2017 | 25.0% | -2.9% |
| 2018 | 24.4% | -2.3% |
| 2019 | 27.5% | +12.4% |
| 2020 | 28.4% | +3.3% |
| 2021 | 24.0% | -15.5% |
| 2022 | 19.4% | -19.1% |
| 2023 | 22.6% | +16.4% |
| 2024 | 22.9% | +1.6% |
| 2025 | 23.4% | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.2% | 28.2% | 37.4% | 10 |
| 1980s | 28.3% | 26.1% | 29.9% | 10 |
| 1990s | 22.7% | 21.1% | 26.8% | 10 |
| 2000s | 21.1% | 19.0% | 24.0% | 10 |
| 2010s | 24.0% | 21.0% | 27.5% | 10 |
| 2020s | 23.4% | 19.4% | 28.4% | 6 |
Countries ranked near Norway
- 73 Austria 23.5% compare
- 74 North Macedonia 23.5% compare
- 75 Latvia 23.5% compare
- 77 New Zealand 23.4% compare
- 78 Honduras 23.3% compare
- 79 Sierra Leone 23.2% 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)
- Industry (including construction), value added (constant 2015 US$) 0.0198 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.257 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 24,312 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 0.0192 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 1.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 174,725 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 8.99 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5505 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Norway?
- Gross fixed capital formation in Norway was 23.4% 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 37.4% in 1977.
- What is the lowest gross fixed capital formation recorded in Norway?
- The lowest recorded value was 19.0% in 2003.
- How does Norway rank for gross fixed capital formation?
- Norway ranks 76th out of 180 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Norway?
- Over the last ten years it is down 3.2%. 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 fixed capital formation (% of GDP). 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 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.