Norway Stock Market Cap to GDP stands at 69.66% as of December 2019, up from 58.82% a year earlier. The reading sits in the 92nd percentile of its history back to 1981.
| Latest (December 2019) | 69.66% |
| One year ago | 58.82% |
| 10-year range | 42.53% – 69.66% |
| Percentile vs. full history | 92nd |
| History | 1981–2019 (39 observations) |
Norway's total stock-market capitalization as a percentage of GDP - the per-country version of the so-called Buffett indicator. Because listed-market depth differs hugely across countries, the level only means something against Norway's own history: well above its historical range suggests a rich market, well below suggests a cheap one. Annual World Bank data, so it moves slowly - which is exactly why it anchors the valuation pillar of the tailwinds score rather than trying to time anything.
<iframe src="https://www.tacticalassetallocation.com/charts/norway-market-cap-gdp/embed.html" width="800" height="360" loading="lazy" style="border:1px solid #ddd;border-radius:8px"></iframe>
<a href="https://www.tacticalassetallocation.com/charts/norway-market-cap-gdp/">Norway Stock Market Cap to GDP — Cambria Chart Lab</a>
Data: download CSV (source: World Bank World Development Indicators).