Gross savings in Norway
Norway: Gross savings was 37.3% in 2025. ▲ Rising
Gross savings in Norway, 1975–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Norway is 37.3%, measured in 2025.
The figure is down 3.6% on the previous year and up 18.4% over ten years.
Over the whole period, gross savings in Norway peaked at 46.1% in 2022 and was at its lowest, 25.1%, in 1993.
Norway ranks 17th of 177 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 51 years of available data.
Gross savings in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 30.4% | — |
| 1976 | 28.6% | -5.9% |
| 1977 | 26.1% | -8.6% |
| 1978 | 26.6% | +1.9% |
| 1979 | 26.9% | +0.9% |
| 1980 | 30.8% | +14.6% |
| 1981 | 31.4% | +2.0% |
| 1982 | 30.0% | -4.5% |
| 1983 | 30.5% | +1.9% |
| 1984 | 33.0% | +8.1% |
| 1985 | 32.3% | -2.1% |
| 1986 | 27.1% | -16.1% |
| 1987 | 27.1% | -0.2% |
| 1988 | 26.5% | -2.1% |
| 1989 | 27.4% | +3.3% |
| 1990 | 27.0% | -1.5% |
| 1991 | 25.8% | -4.5% |
| 1992 | 25.2% | -2.3% |
| 1993 | 25.1% | -0.1% |
| 1994 | 26.1% | +3.7% |
| 1995 | 27.6% | +5.8% |
| 1996 | 29.5% | +6.9% |
| 1997 | 31.2% | +5.9% |
| 1998 | 28.0% | -10.4% |
| 1999 | 29.9% | +7.0% |
| 2000 | 36.4% | +21.6% |
| 2001 | 36.1% | -0.9% |
| 2002 | 32.1% | -11.0% |
| 2003 | 30.8% | -4.2% |
| 2004 | 33.0% | +7.2% |
| 2005 | 37.4% | +13.2% |
| 2006 | 38.4% | +2.7% |
| 2007 | 37.3% | -2.8% |
| 2008 | 39.8% | +6.7% |
| 2009 | 33.0% | -17.2% |
| 2010 | 33.9% | +2.8% |
| 2011 | 35.7% | +5.4% |
| 2012 | 36.0% | +0.8% |
| 2013 | 34.8% | -3.5% |
| 2014 | 35.1% | +0.8% |
| 2015 | 31.5% | -10.2% |
| 2016 | 28.2% | -10.5% |
| 2017 | 28.9% | +2.6% |
| 2018 | 31.6% | +9.2% |
| 2019 | 28.1% | -10.9% |
| 2020 | 26.5% | -5.9% |
| 2021 | 34.4% | +30.1% |
| 2022 | 46.1% | +34.0% |
| 2023 | 37.2% | -19.5% |
| 2024 | 38.7% | +4.0% |
| 2025 | 37.3% | -3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.7% | 26.1% | 30.4% | 5 |
| 1980s | 29.6% | 26.5% | 33.0% | 10 |
| 1990s | 27.5% | 25.1% | 31.2% | 10 |
| 2000s | 35.4% | 30.8% | 39.8% | 10 |
| 2010s | 32.4% | 28.1% | 36.0% | 10 |
| 2020s | 36.7% | 26.5% | 46.1% | 6 |
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)
- 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 savings in Norway?
- Gross savings in Norway was 37.3% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Norway?
- The highest recorded value was 46.1% in 2022.
- What is the lowest gross savings recorded in Norway?
- The lowest recorded value was 25.1% in 1993.
- How does Norway rank for gross savings?
- Norway ranks 17th out of 177 countries with data for 2025.
- Is gross savings rising or falling in Norway?
- Over the last ten years it is up 18.4%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.