Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Norway
Norway: Gross Fixed Capital Formation — Value US$, 2015 prices was 109,493 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Norway, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Norway is 109,493 million USD, measured in 2024.
The figure is down 1.9% on the previous year and up 14.3% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Norway peaked at 111,638 million USD in 2022 and was at its lowest, 27,823 million USD, in 1970.
That places Norway 33rd out of 235 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices in Norway, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 27,823 million USD | — |
| 1971 | 32,355 million USD | +16.3% |
| 1972 | 31,520 million USD | -2.6% |
| 1973 | 35,208 million USD | +11.7% |
| 1974 | 37,326 million USD | +6.0% |
| 1975 | 41,010 million USD | +9.9% |
| 1976 | 45,073 million USD | +9.9% |
| 1977 | 46,445 million USD | +3.0% |
| 1978 | 41,362 million USD | -10.9% |
| 1979 | 42,158 million USD | +1.9% |
| 1980 | 41,652 million USD | -1.2% |
| 1981 | 43,751 million USD | +5.0% |
| 1982 | 44,099 million USD | +0.8% |
| 1983 | 46,526 million USD | +5.5% |
| 1984 | 47,129 million USD | +1.3% |
| 1985 | 45,638 million USD | -3.2% |
| 1986 | 49,015 million USD | +7.4% |
| 1987 | 49,392 million USD | +0.8% |
| 1988 | 48,894 million USD | -1.0% |
| 1989 | 45,596 million USD | -6.7% |
| 1990 | 40,894 million USD | -10.3% |
| 1991 | 40,731 million USD | -0.4% |
| 1992 | 39,928 million USD | -2.0% |
| 1993 | 42,026 million USD | +5.3% |
| 1994 | 44,234 million USD | +5.3% |
| 1995 | 45,662 million USD | +3.2% |
| 1996 | 49,936 million USD | +9.4% |
| 1997 | 57,306 million USD | +14.8% |
| 1998 | 64,361 million USD | +12.3% |
| 1999 | 61,189 million USD | -4.9% |
| 2000 | 59,176 million USD | -3.3% |
| 2001 | 58,813 million USD | -0.6% |
| 2002 | 58,605 million USD | -0.4% |
| 2003 | 58,892 million USD | +0.5% |
| 2004 | 64,868 million USD | +10.1% |
| 2005 | 72,577 million USD | +11.9% |
| 2006 | 79,157 million USD | +9.1% |
| 2007 | 88,855 million USD | +12.3% |
| 2008 | 89,859 million USD | +1.1% |
| 2009 | 83,555 million USD | -7.0% |
| 2010 | 78,190 million USD | -6.4% |
| 2011 | 84,016 million USD | +7.5% |
| 2012 | 90,352 million USD | +7.5% |
| 2013 | 96,076 million USD | +6.3% |
| 2014 | 95,834 million USD | -0.3% |
| 2015 | 91,996 million USD | -4.0% |
| 2016 | 95,624 million USD | +3.9% |
| 2017 | 98,144 million USD | +2.6% |
| 2018 | 100,327 million USD | +2.2% |
| 2019 | 109,871 million USD | +9.5% |
| 2020 | 105,364 million USD | -4.1% |
| 2021 | 106,094 million USD | +0.7% |
| 2022 | 111,638 million USD | +5.2% |
| 2023 | 111,629 million USD | -0.0% |
| 2024 | 109,493 million USD | -1.9% |
Norway compared with similar countries
- Norway's 109,493 million USD is above the median for high income countries, which is 13,942 million USD, 7.9× the median. (73 countries reporting)
- Norway's 109,493 million USD is above the median for Europe & Central Asia, which is 18,064 million USD, 6.1× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 38,028 million USD | 27,823 million USD | 46,445 million USD | 10 |
| 1980s | 46,169 million USD | 41,652 million USD | 49,392 million USD | 10 |
| 1990s | 48,627 million USD | 39,928 million USD | 64,361 million USD | 10 |
| 2000s | 71,436 million USD | 58,605 million USD | 89,859 million USD | 10 |
| 2010s | 94,043 million USD | 78,190 million USD | 109,871 million USD | 10 |
| 2020s | 108,844 million USD | 105,364 million USD | 111,638 million USD | 5 |
Countries ranked near Norway
- 31 Poland 123,812 million USD compare
- 32 Thailand 111,035 million USD compare
- 34 Philippines 107,661 million USD compare
- 35 United Arab Emirates 105,290 million USD compare
- 36 Austria 99,675 million USD 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)
- 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 us$, 2015 prices in Norway?
- Gross fixed capital formation — value us$, 2015 prices in Norway was 109,493 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Norway?
- The highest recorded value was 111,638 million USD in 2022.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Norway?
- The lowest recorded value was 27,823 million USD in 1970.
- How does Norway rank for gross fixed capital formation — value us$, 2015 prices?
- Norway ranks 33rd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).