Capital stock at Current Purchasing Power Parities for Norway
CKSPPPNOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,634,139.13
Year-over-Year Change
71.63%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the capital stock in Norway, adjusted for purchasing power parity (PPP). It provides insights into the productive capacity and investment levels of the Norwegian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The capital stock at current PPPs represents the value of the total fixed assets in Norway, including machinery, equipment, and infrastructure, adjusted to account for differences in domestic price levels compared to the United States. This metric is used by economists to analyze capital formation, productivity, and the long-term growth potential of the Norwegian economy.
Methodology
The data is calculated by the Organisation for Economic Co-operation and Development (OECD) using a perpetual inventory method and PPP conversion factors.
Historical Context
Policymakers and analysts use this trend to assess Norway's investment climate, competitiveness, and capacity for future economic expansion.
Key Facts
- Norway's capital stock at current PPPs was $1.4 trillion in 2020.
- Capital stock per capita in Norway was $260,000 in 2020.
- The capital stock to GDP ratio in Norway was 2.7 in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of fixed assets, such as machinery, equipment, and infrastructure, in Norway, adjusted for differences in domestic price levels compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Norway's productive capacity, investment levels, and long-term growth potential, which are important for policymakers and economists analyzing the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a perpetual inventory method and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Norway's investment climate, competitiveness, and capacity for future economic expansion.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD, with a typical update delay of 1-2 years.
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Citation
U.S. Federal Reserve, Capital stock at Current Purchasing Power Parities for Norway (CKSPPPNOA666NRUG), retrieved from FRED.