Key Numbers

Total changes 1990-2008

 

13%

Inclusive Wealth Index

51%

Gross Domestic Product

-25%

Natural Capital

34%

Manufactured Capital

15%

Human Capital

 

Changes over 20 Years

Changes in inclusive wealth were primarily driven by increases in produced and human capital, which were the main factors that offset the decline in natural capital. However, the significant difference between IWI and GDP can partially be attributed to the decline in natural capital.

Overall per-capita changes in IWI, GDP, manufactured, human, and natural capital

Overall per-capita changes in IWI, GDP, manufactured, human, and natural capital


Wealth Composition

 
Composition of Norway’s inclusive wealth

Composition of Norway’s inclusive wealth

Inclusive Wealth

Human capital makes up the large majority of Norway’s inclusive wealth, followed by produced and natural capital.

Composition of Norway’s natural capital

Composition of Norway’s natural capital

Natural Capital

Norway has seen a decline in its natural capital asset base between 1990 and 2008, driven by its drawdown of oil and gas resources. But in spite of a larger population growth rate, which would have been expected to put more pressures on its natural capital base, Norway has managed to exhibit a positive IWI. This could be traced back to a larger increase in its human and manufactured capital base.