Norway's adjusted savings, net national savings (% of GNI) was 21.5% in 2021, the latest year in the World Bank's World Development Indicators. That is down 1.22 percentage points from 22.72% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 21.5% | 2021 |
| Five years earlier | 13.6% | 2016 |
| Ten years earlier | 22.72% | 2011 |
| Highest | 27.94% | 2008 |
| Lowest | 6.86% | 1992 |
| Average since 2012 | 17.67% | 2012–2021 |
| First recorded | 14.76% | 1975 |
What the numbers say
In 2021, Norway's adjusted savings, net national savings (% of GNI) rose 11.08 percentage points on 2020 (from 10.42% to 21.5%).
Across the 30 yearly changes before that (1991 to 2020), the average change was +0.06 percentage points and a typical year strayed about 3.41 percentage points from that (the standard deviation). This year's change was 3.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 11.08 percentage points in 2021 and the biggest yearly fall was 8.84 percentage points in 2009. 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 the straight-line trend is downward, about 0.8 percentage points a year. A straight line explains 31% of the movement over 10 observed years.
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 17th highest value of the 132 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
- Nigeria — 14th of 132: 23.68%
- Macao SAR, China — 15th of 132: 22.79%
- Dominican Republic — 16th of 132: 22.18%
- Cabo Verde — 18th of 132: 21.2%
- Congo, Dem. Rep. — 19th of 132: 21.14%
- Gambia, The — 20th of 132: 20.45%
What this measures
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 47 values
| Year | Adjusted savings, net national savings (% of GNI) |
|---|---|
| 2021 | 21.5 |
| 2020 | 10.42 |
| 2019 | 14.07 |
| 2018 | 18.03 |
| 2017 | 15.06 |
| 2016 | 13.6 |
| 2015 | 17.04 |
| 2014 | 21.4 |
| 2013 | 22.22 |
| 2012 | 23.33 |
| 2011 |
Adjusted savings, net national savings (% of GNI) in nearby economies
- Albania — 2.54% (2021)
- Armenia — 4.03% (2021)
- Austria — 8.56% (2021)
- Azerbaijan — 24.86% (2021)
- Belarus — 13.51% (2021)
- Belgium — 6.89% (2021)
- Bosnia and Herzegovina — 5.83% (2021)
- Bulgaria — 7.39% (2021)
- Croatia — 6.24% (2021)
- Cyprus
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, net national savings (% of GNI)?
- 21.5% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 6.74 percentage points from 14.76% in 1975. The highest value was 27.94% in 2008 and the lowest 6.86% in 1992.
- How does Norway rank?
- 17th highest of 132 economies with data for 2021.
- Is the latest change in adjusted savings, net national savings (% of GNI) unusual for Norway?
- In 2021, Norway's adjusted savings, net national savings (% of GNI) rose 11.08 percentage points on 2020 (from 10.42% to 21.5%). Across the 30 yearly changes before that (1991 to 2020), the average change was +0.06 percentage points and a typical year strayed about 3.41 percentage points from that (the standard deviation). This year's change was 3.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NY.ADJ.NNAT.GN.ZS, 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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