Norway: Capital investment, percent of GDP

* indicates monthly or quarterly data series

Capital investment as percent of GDP

 Latest value 21.60
 Year 2022
 Measure percent
 Data availability 1970 - 2022
 Average 27.29
 Min - Max 19.43 - 38.89
 Source The World Bank
For that indicator, we provide data for Norway from 1970 to 2022. The average value for Norway during that period was 27.29 percent with a minimum of 19.43 percent in 2003 and a maximum of 38.89 percent in 1976. The latest value from 2022 is 21.6 percent. For comparison, the world average in 2022 based on 142 countries is 24.55 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Norway - Capital investment, percent of GDP - Recent values chart

Historical chart
Norway - Capital investment, percent of GDP - historical chart - 1970-2022

The capital investment in Norway and other countries is calculated as the purchases of new plant and equipment by firms, as percent of GDP. A high number is good for long-term economic growth as current investment leads to greater future production.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 21.60 2022 percent
 Capital investment, in dollars 119.41 2022 billion U.S. dollars
 Household consumption, percent of GDP 32.43 2022 percent
 Household consumption, in dollars 187.88 2022 billion U.S. dollars
 Household consumption 466.13 Q3/2023 billion
 Consumption as percent of GDP 38.77 Q3/2023 percent
 Consumption growth 5.45 Q3/2023 percent
 Investment 296.02 Q3/2023 billion
 Investment as percent of GDP 24.62 Q3/2023 percent
 Investment growth 5.74 Q3/2023 percent
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