Norway Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Norway's gross savings was 40.08% in 2025, ranked 6th globally. This represents a 1.9% decrease from 2024. Data from World Bank, covering 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.
Norway’s gross savings ratio has risen steadily since the earliest World Bank observation in 1975, when it stood at 30.09 % of GDP, and now measures 40.08 % in 2025, placing the country sixth in the global ranking. The long‑term trajectory features a pronounced trough in 1992, when savings fell to 24.91 %, followed by a prolonged expansion that culminated in an all‑time peak of 48.54 % in 2022. This upward swing reflects sustained fiscal prudence, high household wealth accumulation, and a robust sovereign wealth fund that channels oil revenues into national savings. Compared with peer economies, Norway’s 2025 level exceeds Singapore’s 38.74 % and is close to Bhutan’s 40.34 %, underscoring its position among the world’s most saving‑oriented nations. If current policy frameworks that encourage capital formation and prudent public budgeting endure, the savings ratio is likely to remain elevated, although a shift in energy prices or demographic pressures could temper future growth.
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 |
Detected Pattern
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
Norway's gross savings was 40.08% in 2025. Ranked 6th globally. This represents a 1.9% decrease from the previous year.
Norway's gross savings peaked at 48.54% in 2022.
The lowest gross savings in Norway was 24.91% in 1992.
Norway ranks 6th globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
Norway's gross savings is projected to reach 40.08% by 2025 based on IMF projection.
The gross savings of Norway in 2025 was 40.08%. This ranks 6th in the world.
Cite this page
@misc{historysaid_norway_gross-savings,
title = {Norway Gross Savings},
url = {https://historysaid.com/norway/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}