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Norway Gross Savings

Gross savings as % of GDP  NY.GNS.ICTR.ZS

40.08% −0.77% (-1.9%)
Year 2025 Rank #6 Global Peak 48.54% (2022) Source World Bank

Norway Gross Savings (1975–2025)

Overview

Norway's gross savings stood at 40.08% in 2025, a decline of +0.77% from 2024. The IMF projects 40.08% by 2025. Norway ranked 6th globally.

Data & projection

Year Gross Savings YoY change Rank
2030* IMF 36.74% - -
2029* IMF 37.50% - -
2028* IMF 38.34% - -
2027* IMF 39.17% - -
2026* IMF 39.83% - -
2025* IMF 40.08% - -
2025 40.08% −0.77% #6
2024 40.84% −0.79% #7
2023 41.66% −9.15% #10
2022 48.54% +8.56% #6
2021 38.02% +5.57% #17
2020 32.44% −0.97% #25
2019 33.42% −3.27% #28
2018 36.69% +2.83% #15
2017 33.86% +0.92% #22
2016 32.95% −2.96% #19
2015 36.00% −3.03% #16
2014 39.14% +0.59% #18
2013 38.63% −0.77% #20
2012 39.47% +0.80% #21
2011 38.98% +2.36% #20
Show all years (1975-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +12.0% GDP growth 3.9% C/A balance 14.8%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →

Frequently Asked Questions

What is Norway's gross savings?

Norway's gross savings was 40.08% in 2025. Ranked 6th globally. This represents a 1.9% decrease from the previous year.

What was the highest gross savings in Norway?

Norway's gross savings peaked at 48.54% in 2022.

What was the lowest gross savings in Norway?

The lowest gross savings in Norway was 24.91% in 1992.

How does Norway rank in gross savings?

Norway ranks 6th globally in gross savings as of 2025.

What is the World Bank indicator code for gross savings?

The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.

What is the projected gross savings of Norway in 2025?

Norway's gross savings is projected to reach 40.08% by 2025 based on IMF projection.

What is the gross savings of Norway in 2025?

The gross savings of Norway in 2025 was 40.08%. This ranks 6th in the world.

Cite this page

APA
Norway Gross Savings. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/norway/gross-savings
BibTeX
@misc{historysaid_norway_gross-savings, title = {Norway Gross Savings}, url = {https://historysaid.com/norway/gross-savings}, publisher = {HistorySaid}, year = {2026} }