Wealth share of the richest 1% in Norway
Norway: Wealth share of the richest 1% was 23.5% in 2024. ▼ Falling
Wealth share of the richest 1% in Norway, 1820–2024
Source: World Inequality Database (WID.world) (2026) – with major processing by Our World in Data. Measured in %.
Analysis
Norway recorded 23.5% for wealth share of the richest 1% in 2024.
Compared with earlier readings it is up 0.7% on the previous year and up 13.2% over ten years.
Over the whole period, wealth share of the richest 1% in Norway peaked at 57.8% in 1900 and was at its lowest, 20.7%, in 2014.
That places Norway 183rd out of 215 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 56 years of available data.
Wealth share of the richest 1% in Norway, year by year
| Year | % | Change |
|---|---|---|
| 1820 | 50.9% | — |
| 1850 | 53.2% | +4.6% |
| 1880 | 54.0% | +1.4% |
| 1900 | 57.8% | +7.1% |
| 1910 | 56.6% | -2.0% |
| 1920 | 42.3% | -25.3% |
| 1930 | 29.2% | -30.9% |
| 1940 | 30.3% | +3.6% |
| 1950 | 24.4% | -19.4% |
| 1960 | 24.5% | +0.4% |
| 1970 | 24.0% | -2.2% |
| 1980 | 23.7% | -1.3% |
| 1981 | 23.6% | -0.0% |
| 1982 | 23.6% | -0.0% |
| 1983 | 23.6% | -0.0% |
| 1984 | 23.6% | +0.0% |
| 1985 | 23.6% | +0.0% |
| 1986 | 23.5% | -0.5% |
| 1987 | 23.5% | -0.0% |
| 1988 | 23.5% | -0.0% |
| 1989 | 23.5% | +0.0% |
| 1990 | 23.5% | +0.0% |
| 1991 | 23.5% | +0.0% |
| 1992 | 23.5% | +0.1% |
| 1993 | 23.6% | +0.4% |
| 1994 | 23.7% | +0.2% |
| 1995 | 23.7% | +0.0% |
| 1996 | 23.8% | +0.4% |
| 1997 | 23.9% | +0.5% |
| 1998 | 23.7% | -0.7% |
| 1999 | 23.8% | +0.3% |
| 2000 | 24.2% | +1.7% |
| 2001 | 23.8% | -1.4% |
| 2002 | 23.9% | +0.2% |
| 2003 | 24.0% | +0.4% |
| 2004 | 24.3% | +1.3% |
| 2005 | 25.9% | +6.6% |
| 2006 | 24.4% | -5.6% |
| 2007 | 24.5% | +0.1% |
| 2008 | 24.6% | +0.4% |
| 2009 | 23.9% | -2.6% |
| 2010 | 24.2% | +1.1% |
| 2011 | 23.3% | -3.7% |
| 2012 | 22.0% | -5.7% |
| 2013 | 21.9% | -0.3% |
| 2014 | 20.7% | -5.3% |
| 2015 | 21.8% | +5.0% |
| 2016 | 21.8% | +0.0% |
| 2017 | 23.0% | +5.6% |
| 2018 | 24.3% | +5.7% |
| 2019 | 24.0% | -1.2% |
| 2020 | 23.2% | -3.4% |
| 2021 | 23.8% | +2.4% |
| 2022 | 23.9% | +0.8% |
| 2023 | 23.3% | -2.6% |
| 2024 | 23.5% | +0.7% |
Norway compared with similar countries
- Norway's 23.5% is below the median for high income countries, which is 27.5%, 85% of the median. (79 countries reporting)
- Norway's 23.5% is below the median for Europe & Central Asia, which is 24.1%, 97% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where Wealth share of the richest 1% in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1930 | -30.9% | 42.3% | 29.2% |
| 1920 | -25.3% | 56.6% | 42.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1820s | 50.9% | 50.9% | 50.9% | 1 |
| 1850s | 53.2% | 53.2% | 53.2% | 1 |
| 1880s | 54.0% | 54.0% | 54.0% | 1 |
| 1900s | 57.8% | 57.8% | 57.8% | 1 |
| 1910s | 56.6% | 56.6% | 56.6% | 1 |
| 1920s | 42.3% | 42.3% | 42.3% | 1 |
| 1930s | 29.2% | 29.2% | 29.2% | 1 |
| 1940s | 30.3% | 30.3% | 30.3% | 1 |
| 1950s | 24.4% | 24.4% | 24.4% | 1 |
| 1960s | 24.5% | 24.5% | 24.5% | 1 |
| 1970s | 24.0% | 24.0% | 24.0% | 1 |
| 1980s | 23.6% | 23.5% | 23.7% | 10 |
| 1990s | 23.7% | 23.5% | 23.9% | 10 |
| 2000s | 24.3% | 23.8% | 25.9% | 10 |
| 2010s | 22.7% | 20.7% | 24.3% | 10 |
| 2020s | 23.5% | 23.2% | 23.9% | 5 |
Countries ranked near Norway
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 wealth share of the richest 1% in Norway?
- Wealth share of the richest 1% in Norway was 23.5% in 2024, according to World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.
- What is the highest wealth share of the richest 1% recorded in Norway?
- The highest recorded value was 57.8% in 1900.
- What is the lowest wealth share of the richest 1% recorded in Norway?
- The lowest recorded value was 20.7% in 2014.
- How does Norway rank for wealth share of the richest 1%?
- Norway ranks 183rd out of 215 countries with data for 2024.
- Is wealth share of the richest 1% rising or falling in Norway?
- Over the last ten years it is up 13.2%. The long-run trend across the full record is falling.
- Where does this Norway data come from?
- The figures come from World Inequality Database (WID.world) (2026) – with major processing by Our World in Data, published as part of Wealth share of the richest 1%. Statizoid updates them automatically from the source API.
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About this data
Share of wealth owned by the richest 1% of the population. Wealth is defined as the total value of non-financial and financial assets (housing, land, deposits, bonds, equities, etc.) held by households, minus their debts.