Norway Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Norway's market capitalization was 72.31% in 2019, ranked 20th globally. This represents a 18.9% increase from 2018. Data from World Bank, covering 1981–2019.
Overview
Norway's market capitalization stood at 72.31% in 2019, a rise of +11.51% from 2018. Norway ranked 20th globally.
Norway’s market‑capitalization-to‑GDP ratio has risen sharply since the early 1980s, expanding from a low of 3.82 in 1982 to an all‑time peak of 93.34 in 1984, before stabilising at 72.31 in 2019, which placed the country 20th worldwide. The rapid increase during the early 1980s coincided with liberalisation of financial markets and a surge in oil‑related equities, while the modest decline after the 1984 peak reflects the impact of the global recession of the late 1980s and subsequent adjustments in the domestic banking sector. Over the 39‑year coverage period, Norway’s ratio has consistently outperformed many peers; for example, the Philippines recorded 73.08 and Brazil 63.38 in the same year, indicating Norway’s relatively strong equity base despite its smaller population. Looking ahead, sustained investment in renewable‑energy firms and continued high oil prices could keep the ratio near its current level, whereas a sharp downturn in commodity markets would likely depress the upward trajectory.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2019 | 72.31% | +11.51% | #20 |
| 2018 | 60.80% | −10.69% | #20 |
| 2017 | 71.49% | +9.15% | #21 |
| 2016 | 62.34% | +12.39% | #23 |
| 2015 | 49.95% | +6.23% | #33 |
| 2014 | 43.72% | −6.73% | #35 |
| 2013 | 50.45% | +3.11% | #32 |
| 2012 | 47.34% | +3.28% | #32 |
| 2011 | 44.07% | −24.44% | #35 |
| 2010 | 68.50% | +9.94% | #29 |
| 2009 | 58.57% | +27.19% | #30 |
| 2008 | 31.38% | −56.76% | #37 |
| 2007 | 88.15% | +7.19% | #28 |
| 2006 | 80.96% | +19.31% | #23 |
| 2005 | 61.64% | +8.33% | #26 |
Detected Pattern
Analysis
Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Norway's market capitalization was 72.31% in 2019. Ranked 20th globally. This represents a 18.9% increase from the previous year.
Norway's market capitalization peaked at 93.34% in 1984.
The lowest market capitalization in Norway was 3.82% in 1982.
Norway ranks 20th globally in market capitalization as of 2019.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
The market capitalization of Norway in 2019 was 72.31%. This ranks 20th in the world.
Cite this page
@misc{historysaid_norway_market-capitalization,
title = {Norway Market Capitalization},
url = {https://historysaid.com/norway/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}