Human capital in Norway
Norway: Human capital was 2.69 trillion real chained 2019 US$ in 2020. ▲ Rising
Human capital in Norway, 1995–2020
Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.
Analysis
The most recent figure for human capital in Norway is 2.69 trillion real chained 2019 US$, measured in 2020. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 0.5% on the previous year and up 8.8% over ten years.
Over the whole period, human capital in Norway peaked at 2.69 trillion real chained 2019 US$ in 2020 and was at its lowest, 1.88 trillion real chained 2019 US$, in 1995.
Norway ranks 26th of 151 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Human capital in Norway, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 1.88 trillion real chained 2019 US$ | — |
| 1996 | 1.96 trillion real chained 2019 US$ | +4.4% |
| 1997 | 2.03 trillion real chained 2019 US$ | +3.5% |
| 1998 | 2.10 trillion real chained 2019 US$ | +3.3% |
| 1999 | 2.12 trillion real chained 2019 US$ | +1.0% |
| 2000 | 2.14 trillion real chained 2019 US$ | +1.3% |
| 2001 | 2.16 trillion real chained 2019 US$ | +0.9% |
| 2002 | 2.19 trillion real chained 2019 US$ | +1.1% |
| 2003 | 2.17 trillion real chained 2019 US$ | -0.7% |
| 2004 | 2.20 trillion real chained 2019 US$ | +1.1% |
| 2005 | 2.22 trillion real chained 2019 US$ | +1.1% |
| 2006 | 2.28 trillion real chained 2019 US$ | +2.9% |
| 2007 | 2.38 trillion real chained 2019 US$ | +4.0% |
| 2008 | 2.46 trillion real chained 2019 US$ | +3.7% |
| 2009 | 2.46 trillion real chained 2019 US$ | -0.1% |
| 2010 | 2.47 trillion real chained 2019 US$ | +0.5% |
| 2011 | 2.51 trillion real chained 2019 US$ | +1.4% |
| 2012 | 2.56 trillion real chained 2019 US$ | +2.2% |
| 2013 | 2.59 trillion real chained 2019 US$ | +1.0% |
| 2014 | 2.62 trillion real chained 2019 US$ | +1.1% |
| 2015 | 2.64 trillion real chained 2019 US$ | +0.9% |
| 2016 | 2.64 trillion real chained 2019 US$ | +0.1% |
| 2017 | 2.65 trillion real chained 2019 US$ | +0.5% |
| 2018 | 2.67 trillion real chained 2019 US$ | +0.5% |
| 2019 | 2.68 trillion real chained 2019 US$ | +0.5% |
| 2020 | 2.69 trillion real chained 2019 US$ | +0.5% |
Norway compared with similar countries
- Norway's 2.69 trillion real chained 2019 US$ is above the median for high income countries, which is 1.56 trillion real chained 2019 US$, 1.7× the median. (51 countries reporting)
- Norway's 2.69 trillion real chained 2019 US$ is above the median for Europe & Central Asia, which is 652.62 billion real chained 2019 US$, 4.1× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.02 trillion real chained 2019 US$ | 1.88 trillion real chained 2019 US$ | 2.12 trillion real chained 2019 US$ | 5 |
| 2000s | 2.27 trillion real chained 2019 US$ | 2.14 trillion real chained 2019 US$ | 2.46 trillion real chained 2019 US$ | 10 |
| 2010s | 2.60 trillion real chained 2019 US$ | 2.47 trillion real chained 2019 US$ | 2.68 trillion real chained 2019 US$ | 10 |
| 2020s | 2.69 trillion real chained 2019 US$ | 2.69 trillion real chained 2019 US$ | 2.69 trillion real chained 2019 US$ | 1 |
Countries ranked near Norway
- 23 Poland 3.23 trillion real chained 2019 US$ compare
- 24 Israel 2.91 trillion real chained 2019 US$ compare
- 25 Denmark 2.83 trillion real chained 2019 US$ compare
- 27 Argentina 2.57 trillion real chained 2019 US$ compare
- 28 Austria 2.56 trillion real chained 2019 US$ compare
- 29 Singapore 2.46 trillion real chained 2019 US$ compare
More reference data data for Norway
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.3703 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.3621 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0618 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.24 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.7734 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.48 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 6.9 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3366 (2050)
Frequently asked questions
- What is human capital in Norway?
- Human capital in Norway was 2.69 trillion real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
- What is the highest human capital recorded in Norway?
- The highest recorded value was 2.69 trillion real chained 2019 US$ in 2020.
- What is the lowest human capital recorded in Norway?
- The lowest recorded value was 1.88 trillion real chained 2019 US$ in 1995.
- How does Norway rank for human capital?
- Norway ranks 26th out of 151 countries with data for 2020.
- Is human capital rising or falling in Norway?
- Over the last ten years it is up 8.8%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Human capital (real chained 2019 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Human capital is computed as the present value of future earnings for the working population over their lifetimes. Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.