Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Norway
Norway: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 882,971 million SLC in 2024. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Norway, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Norway recorded 882,971 million SLC for gross fixed capital formation — value standard local currency, 2015 in 2024.
That represents a change of down 1.9% on the previous year and up 14.3% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Norway peaked at 900,271 million SLC in 2022 and was at its lowest, 224,370 million SLC, in 1970.
That places Norway 54th out of 194 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Norway, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 224,370 million SLC | — |
| 1971 | 260,913 million SLC | +16.3% |
| 1972 | 254,186 million SLC | -2.6% |
| 1973 | 283,923 million SLC | +11.7% |
| 1974 | 301,005 million SLC | +6.0% |
| 1975 | 330,707 million SLC | +9.9% |
| 1976 | 363,478 million SLC | +9.9% |
| 1977 | 374,541 million SLC | +3.0% |
| 1978 | 333,550 million SLC | -10.9% |
| 1979 | 339,967 million SLC | +1.9% |
| 1980 | 335,889 million SLC | -1.2% |
| 1981 | 352,818 million SLC | +5.0% |
| 1982 | 355,622 million SLC | +0.8% |
| 1983 | 375,194 million SLC | +5.5% |
| 1984 | 380,056 million SLC | +1.3% |
| 1985 | 368,032 million SLC | -3.2% |
| 1986 | 395,263 million SLC | +7.4% |
| 1987 | 398,307 million SLC | +0.8% |
| 1988 | 394,285 million SLC | -1.0% |
| 1989 | 367,689 million SLC | -6.7% |
| 1990 | 329,773 million SLC | -10.3% |
| 1991 | 328,463 million SLC | -0.4% |
| 1992 | 321,985 million SLC | -2.0% |
| 1993 | 338,908 million SLC | +5.3% |
| 1994 | 356,710 million SLC | +5.3% |
| 1995 | 368,223 million SLC | +3.2% |
| 1996 | 402,689 million SLC | +9.4% |
| 1997 | 462,127 million SLC | +14.8% |
| 1998 | 519,017 million SLC | +12.3% |
| 1999 | 493,437 million SLC | -4.9% |
| 2000 | 477,204 million SLC | -3.3% |
| 2001 | 474,279 million SLC | -0.6% |
| 2002 | 472,603 million SLC | -0.4% |
| 2003 | 474,914 million SLC | +0.5% |
| 2004 | 523,103 million SLC | +10.1% |
| 2005 | 585,272 million SLC | +11.9% |
| 2006 | 638,334 million SLC | +9.1% |
| 2007 | 716,543 million SLC | +12.3% |
| 2008 | 724,639 million SLC | +1.1% |
| 2009 | 673,800 million SLC | -7.0% |
| 2010 | 630,534 million SLC | -6.4% |
| 2011 | 677,515 million SLC | +7.5% |
| 2012 | 728,617 million SLC | +7.5% |
| 2013 | 774,769 million SLC | +6.3% |
| 2014 | 772,818 million SLC | -0.3% |
| 2015 | 741,875 million SLC | -4.0% |
| 2016 | 771,128 million SLC | +3.9% |
| 2017 | 791,445 million SLC | +2.6% |
| 2018 | 809,050 million SLC | +2.2% |
| 2019 | 886,018 million SLC | +9.5% |
| 2020 | 849,670 million SLC | -4.1% |
| 2021 | 855,561 million SLC | +0.7% |
| 2022 | 900,271 million SLC | +5.2% |
| 2023 | 900,191 million SLC | -0.0% |
| 2024 | 882,971 million SLC | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 306,664 million SLC | 224,370 million SLC | 374,541 million SLC | 10 |
| 1980s | 372,316 million SLC | 335,889 million SLC | 398,307 million SLC | 10 |
| 1990s | 392,133 million SLC | 321,985 million SLC | 519,017 million SLC | 10 |
| 2000s | 576,069 million SLC | 472,603 million SLC | 724,639 million SLC | 10 |
| 2010s | 758,377 million SLC | 630,534 million SLC | 886,018 million SLC | 10 |
| 2020s | 877,733 million SLC | 849,670 million SLC | 900,271 million SLC | 5 |
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)
- GDP (constant 2015 US$), annual growth rate 1.09 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.886 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 83,813 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.09 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 7.56 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 715,378 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 0.3869 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3491 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Norway?
- Gross fixed capital formation — value standard local currency, 2015 in Norway was 882,971 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Norway?
- The highest recorded value was 900,271 million SLC in 2022.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Norway?
- The lowest recorded value was 224,370 million SLC in 1970.
- How does Norway rank for gross fixed capital formation — value standard local currency, 2015?
- Norway ranks 54th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Norway?
- Over the last ten years it is up 14.3%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).