Gross Fixed Capital Formation — Value Standard Local Currency in Norway
Norway: Gross Fixed Capital Formation — Value Standard Local Currency was 1.23 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Norway, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Norway recorded 1.23 million million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
The figure is up 2.9% on the previous year and up 64.2% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Norway peaked at 1.23 million million SLC in 2024 and was at its lowest, 25,622 million SLC, in 1970.
Norway ranks 73rd of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Norway, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 25,622 million SLC | — |
| 1971 | 31,463 million SLC | +22.8% |
| 1972 | 33,012 million SLC | +4.9% |
| 1973 | 39,070 million SLC | +18.4% |
| 1974 | 47,823 million SLC | +22.4% |
| 1975 | 59,745 million SLC | +24.9% |
| 1976 | 72,755 million SLC | +21.8% |
| 1977 | 82,261 million SLC | +13.1% |
| 1978 | 77,525 million SLC | -5.8% |
| 1979 | 82,050 million SLC | +5.8% |
| 1980 | 88,810 million SLC | +8.2% |
| 1981 | 102,854 million SLC | +15.8% |
| 1982 | 114,586 million SLC | +11.4% |
| 1983 | 129,965 million SLC | +13.4% |
| 1984 | 139,412 million SLC | +7.3% |
| 1985 | 146,157 million SLC | +4.8% |
| 1986 | 167,684 million SLC | +14.7% |
| 1987 | 184,932 million SLC | +10.3% |
| 1988 | 197,121 million SLC | +6.6% |
| 1989 | 190,328 million SLC | -3.4% |
| 1990 | 171,287 million SLC | -10.0% |
| 1991 | 171,901 million SLC | +0.4% |
| 1992 | 169,816 million SLC | -1.2% |
| 1993 | 182,276 million SLC | +7.3% |
| 1994 | 194,099 million SLC | +6.5% |
| 1995 | 206,565 million SLC | +6.4% |
| 1996 | 230,239 million SLC | +11.5% |
| 1997 | 268,887 million SLC | +16.8% |
| 1998 | 308,513 million SLC | +14.7% |
| 1999 | 297,112 million SLC | -3.7% |
| 2000 | 298,907 million SLC | +0.6% |
| 2001 | 305,603 million SLC | +2.2% |
| 2002 | 303,399 million SLC | -0.7% |
| 2003 | 306,142 million SLC | +0.9% |
| 2004 | 350,427 million SLC | +14.5% |
| 2005 | 405,528 million SLC | +15.7% |
| 2006 | 464,452 million SLC | +14.5% |
| 2007 | 554,722 million SLC | +19.4% |
| 2008 | 589,932 million SLC | +6.3% |
| 2009 | 565,222 million SLC | -4.2% |
| 2010 | 538,073 million SLC | -4.8% |
| 2011 | 601,196 million SLC | +11.7% |
| 2012 | 665,728 million SLC | +10.7% |
| 2013 | 724,436 million SLC | +8.8% |
| 2014 | 749,950 million SLC | +3.5% |
| 2015 | 741,875 million SLC | -1.1% |
| 2016 | 781,224 million SLC | +5.3% |
| 2017 | 809,774 million SLC | +3.7% |
| 2018 | 850,661 million SLC | +5.0% |
| 2019 | 958,155 million SLC | +12.6% |
| 2020 | 949,903 million SLC | -0.9% |
| 2021 | 992,292 million SLC | +4.5% |
| 2022 | 1.12 million million SLC | +13.3% |
| 2023 | 1.20 million million SLC | +6.5% |
| 2024 | 1.23 million million SLC | +2.9% |
Norway compared with similar countries
- Norway's 1.23 million million SLC is above the median for high income countries, which is 36,467 million SLC, 33.8× the median. (73 countries reporting)
- Norway's 1.23 million million SLC is above the median for Europe & Central Asia, which is 116,713 million SLC, 10.6× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 55,133 million SLC | 25,622 million SLC | 82,261 million SLC | 10 |
| 1980s | 146,185 million SLC | 88,810 million SLC | 197,121 million SLC | 10 |
| 1990s | 220,070 million SLC | 169,816 million SLC | 308,513 million SLC | 10 |
| 2000s | 414,433 million SLC | 298,907 million SLC | 589,932 million SLC | 10 |
| 2010s | 742,107 million SLC | 538,073 million SLC | 958,155 million SLC | 10 |
| 2020s | 1.10 million million SLC | 949,903 million SLC | 1.23 million 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)
- SDRs holdings, US dollar, annual growth rate 5.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,340 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4463 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 978.78 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.99 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0071 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Norway?
- Gross fixed capital formation — value standard local currency in Norway was 1.23 million 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 recorded in Norway?
- The highest recorded value was 1.23 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Norway?
- The lowest recorded value was 25,622 million SLC in 1970.
- How does Norway rank for gross fixed capital formation — value standard local currency?
- Norway ranks 73rd out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Norway?
- Over the last ten years it is up 64.2%. The long-run trend across the full record is volatile.
- 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. 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).