Norway's adjusted savings, consumption of fixed capital (current US$) was US$86.14 billion in 2021, the latest year in the World Bank's World Development Indicators. That is up 10.39% from US$78.03 billion in 2011 (0.99% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$86.14 billion | 2021 |
| Five years earlier | US$67.77 billion | 2016 |
| Ten years earlier | US$78.03 billion | 2011 |
| Highest | US$86.14 billion | 2021 |
| Lowest | US$2 billion | 1970 |
| Average since 2012 | US$76.22 billion | 2012–2021 |
| First recorded | US$2 billion |
What the numbers say
In 2021, Norway's adjusted savings, consumption of fixed capital (current US$) rose 15.6% on 2020 (from US$74.5 billion to US$86.14 billion).
Across the 30 yearly changes before that (1991 to 2020), the average change was +4.5% and a typical year strayed about 8.3% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 30.3% in 1986 and the biggest yearly fall was 17% in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Norway had the 27th highest value of the 194 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Norway in the 2021 ranking
- Saudi Arabia — 23rd of 194: US$105.11 billion
- Thailand — 24th of 194: US$94.97 billion
- Austria — 25th of 194: US$94.51 billion
- Malaysia — 27th of 194: US$77.09 billion
- Poland — 28th of 194: US$75.49 billion
- Iran, Islamic Rep. — 29th of 194: US$73.02 billion
What this measures
Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 52 values
| Year | Adjusted savings, consumption of fixed capital (current US$) |
|---|---|
| 2021 | 86,139,580,925 |
| 2020 | 74,497,282,960 |
| 2019 | 73,949,886,379 |
| 2018 | 75,647,832,778 |
| 2017 | 70,463,912,973 |
| 2016 | 67,769,047,616 |
| 2015 | 68,896,641,505 |
| 2014 | 82,979,952,391 |
| 2013 | 82,548,255,322 |
| 2012 | 79,261,882,253 |
Adjusted savings, consumption of fixed capital (current US$) in nearby economies
- Albania — US$3.06 billion (2021)
- Andorra — US$348.2 million (2021)
- Armenia — US$1.74 billion (2021)
- Austria — US$94.51 billion (2021)
- Azerbaijan — US$4.64 billion (2021)
- Belarus — US$11.06 billion (2021)
- Belgium — US$115.77 billion (2021)
- Bosnia and Herzegovina — US$3.48 billion (2021)
- Bulgaria — US$11.87 billion (2021)
More economic policy & debt data for Norway
- Total reserves, including gold (current US$) — US$85.49 billion (2025)
- Total reserves, excluding gold (current US$) — US$85.49 billion (2025)
- GDP (current US$) — US$530.76 billion (2025)
- GDP (current LCU) — 5.52 trillion (2025)
- GDP (constant 2015 US$) — US$470.26 billion (2025)
- GDP (constant LCU) — 4.01 trillion (2025)
- GDP per capita (current US$) — US$94,594 (2025)
- GDP per capita (current LCU) — 983,385 (2025)
- GDP per capita (constant 2015 US$) — US$83,813 (2025)
- GDP per capita (constant LCU) — 715,377 (2025)
- GNI (current US$)
Reading data like this
Questions people ask
- What is Norway's adjusted savings, consumption of fixed capital (current US$)?
- US$86.14 billion in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 4,206% from US$2 billion in 1970 (7.66% a year on average, compounded). The highest value was US$86.14 billion in 2021 and the lowest US$2 billion in 1970.
- How does Norway rank?
- 27th highest of 194 economies with data for 2021.
- Is the latest change in adjusted savings, consumption of fixed capital (current US$) unusual for Norway?
- In 2021, Norway's adjusted savings, consumption of fixed capital (current US$) rose 15.6% on 2020 (from US$74.5 billion to US$86.14 billion). Across the 30 yearly changes before that (1991 to 2020), the average change was +4.5% and a typical year strayed about 8.3% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.ADJ.DKAP.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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