Norway recorded a government debt equivalent to 40.60 percent of the country's Gross Domestic Product in 2019. source: Statistics Norway

Government Debt to GDP in Norway averaged 38.39 percent from 1980 until 2019, reaching an all time high of 53.70 percent in 1993 and a record low of 28.70 percent in 2014. This page provides - Norway Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Government Debt to GDP - values, historical data and charts - was last updated on December of 2020.

Government Debt to GDP in Norway is expected to reach 49.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Government Debt to GDP is projected to trend around 47.00 percent in 2021 and 44.00 percent in 2022, according to our econometric models.

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Norway Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
40.60 39.40 53.70 28.70 1980 - 2019 percent Yearly

Norway Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.60 39.40 53.70 28.70 percent [+]
Government Budget 6.40 7.80 18.60 3.10 percent of GDP [+]
Government Budget Value -58321.00 -114258.00 198910.00 -114258.00 NOK Million [+]
Government Spending 214614.00 208440.00 214614.00 72314.00 NOK Million [+]
Government Spending to GDP 51.80 49.20 55.80 40.60 percent [+]
Government Revenues 302533.00 297964.00 404678.00 50596.00 NOK Million [+]
Government Debt 743263.00 634724.00 743263.00 8631.00 NOK Million [+]
Fiscal Expenditure 360854.00 412222.00 412222.00 74482.00 NOK Million [+]
Credit Rating 100.00 [+]
Military Expenditure 6824.00 6466.00 6824.00 857.00 USD Million [+]
Asylum Applications 130.00 200.00 8570.00 30.00 persons [+]


Norway Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.