Norway - Gross savings (% of GDP)
Gross savings (% of GDP) in Norway was 31.96 as of 2020. Its highest value over the past 45 years was 41.89 in 2008, while its lowest value was 24.91 in 1992.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
Year | Value |
---|---|
1975 | 30.09 |
1976 | 28.38 |
1977 | 25.95 |
1978 | 26.47 |
1979 | 26.66 |
1980 | 30.54 |
1981 | 31.17 |
1982 | 29.76 |
1983 | 30.31 |
1984 | 32.81 |
1985 | 32.12 |
1986 | 26.93 |
1987 | 26.84 |
1988 | 26.28 |
1989 | 27.12 |
1990 | 26.78 |
1991 | 25.48 |
1992 | 24.91 |
1993 | 24.91 |
1994 | 25.83 |
1995 | 27.58 |
1996 | 29.51 |
1997 | 31.20 |
1998 | 27.97 |
1999 | 30.06 |
2000 | 36.55 |
2001 | 36.40 |
2002 | 32.74 |
2003 | 31.58 |
2004 | 34.06 |
2005 | 38.86 |
2006 | 40.33 |
2007 | 39.59 |
2008 | 41.89 |
2009 | 35.54 |
2010 | 36.61 |
2011 | 38.60 |
2012 | 39.08 |
2013 | 38.25 |
2014 | 38.73 |
2015 | 35.61 |
2016 | 32.57 |
2017 | 33.30 |
2018 | 36.02 |
2019 | 32.73 |
2020 | 31.96 |
Statistical Concept and Methodology: Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts