Gross Fixed Capital Formation — Value US$ (US Value) in Norway
Norway: Gross Fixed Capital Formation — Value US$ was 114,611 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Norway, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$ in Norway stood at 114,611 million USD.
Compared with earlier readings it is up 1.2% on the previous year and down 3.7% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Norway peaked at 123,308 million USD in 2013 and was at its lowest, 3,587 million USD, in 1970.
Norway ranks 37th of 235 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$ in Norway, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 3,587 million USD | — |
| 1971 | 4,459 million USD | +24.3% |
| 1972 | 5,011 million USD | +12.4% |
| 1973 | 6,776 million USD | +35.2% |
| 1974 | 8,633 million USD | +27.4% |
| 1975 | 11,430 million USD | +32.4% |
| 1976 | 13,334 million USD | +16.7% |
| 1977 | 15,452 million USD | +15.9% |
| 1978 | 14,788 million USD | -4.3% |
| 1979 | 16,202 million USD | +9.6% |
| 1980 | 17,981 million USD | +11.0% |
| 1981 | 17,920 million USD | -0.3% |
| 1982 | 17,754 million USD | -0.9% |
| 1983 | 17,812 million USD | +0.3% |
| 1984 | 17,082 million USD | -4.1% |
| 1985 | 17,000 million USD | -0.5% |
| 1986 | 22,676 million USD | +33.4% |
| 1987 | 27,448 million USD | +21.0% |
| 1988 | 30,247 million USD | +10.2% |
| 1989 | 27,566 million USD | -8.9% |
| 1990 | 27,363 million USD | -0.7% |
| 1991 | 26,516 million USD | -3.1% |
| 1992 | 27,326 million USD | +3.1% |
| 1993 | 25,694 million USD | -6.0% |
| 1994 | 27,502 million USD | +7.0% |
| 1995 | 32,606 million USD | +18.6% |
| 1996 | 35,697 million USD | +9.5% |
| 1997 | 38,014 million USD | +6.5% |
| 1998 | 40,889 million USD | +7.6% |
| 1999 | 38,095 million USD | -6.8% |
| 2000 | 33,960 million USD | -10.9% |
| 2001 | 33,987 million USD | +0.1% |
| 2002 | 38,002 million USD | +11.8% |
| 2003 | 43,239 million USD | +13.8% |
| 2004 | 51,986 million USD | +20.2% |
| 2005 | 62,946 million USD | +21.1% |
| 2006 | 72,420 million USD | +15.1% |
| 2007 | 94,636 million USD | +30.7% |
| 2008 | 104,598 million USD | +10.5% |
| 2009 | 89,884 million USD | -14.1% |
| 2010 | 89,024 million USD | -1.0% |
| 2011 | 107,268 million USD | +20.5% |
| 2012 | 114,435 million USD | +6.7% |
| 2013 | 123,308 million USD | +7.8% |
| 2014 | 119,008 million USD | -3.5% |
| 2015 | 91,996 million USD | -22.7% |
| 2016 | 93,003 million USD | +1.1% |
| 2017 | 97,897 million USD | +5.3% |
| 2018 | 104,600 million USD | +6.8% |
| 2019 | 108,881 million USD | +4.1% |
| 2020 | 100,884 million USD | -7.3% |
| 2021 | 115,517 million USD | +14.5% |
| 2022 | 116,920 million USD | +1.2% |
| 2023 | 113,299 million USD | -3.1% |
| 2024 | 114,611 million USD | +1.2% |
Norway compared with similar countries
- Norway's 114,611 million USD is above the median for high income countries, which is 20,129 million USD, 5.7× the median. (73 countries reporting)
- Norway's 114,611 million USD is above the median for Europe & Central Asia, which is 26,071 million USD, 4.4× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,967 million USD | 3,587 million USD | 16,202 million USD | 10 |
| 1980s | 21,349 million USD | 17,000 million USD | 30,247 million USD | 10 |
| 1990s | 31,970 million USD | 25,694 million USD | 40,889 million USD | 10 |
| 2000s | 62,566 million USD | 33,960 million USD | 104,598 million USD | 10 |
| 2010s | 104,942 million USD | 89,024 million USD | 123,308 million USD | 10 |
| 2020s | 112,246 million USD | 100,884 million USD | 116,920 million USD | 5 |
Countries ranked near Norway
- 34 Iran (Islamic Republic of) 118,690 million USD compare
- 35 Singapore 117,825 million USD compare
- 36 Thailand 117,076 million USD compare
- 38 United Arab Emirates 111,374 million USD compare
- 39 Philippines 108,789 million USD compare
- 40 Argentina 100,289 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$ in Norway?
- Gross fixed capital formation — value us$ in Norway was 114,611 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Norway?
- The highest recorded value was 123,308 million USD in 2013.
- What is the lowest gross fixed capital formation — value us$ recorded in Norway?
- The lowest recorded value was 3,587 million USD in 1970.
- How does Norway rank for gross fixed capital formation — value us$?
- Norway ranks 37th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Norway?
- Over the last ten years it is down 3.7%. 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 US$. Statizoid updates them automatically from the source API.
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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).