Government Spending in Norway decreased to 200976 NOK Million in the second quarter of 2020 from 205541 NOK Million in the first quarter of 2020. source: Statistics Norway

Government Spending in Norway averaged 135389.79 NOK Million from 1978 until 2020, reaching an all time high of 205942 NOK Million in the fourth quarter of 2019 and a record low of 69603 NOK Million in the second quarter of 1978. This page provides - Norway Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Norway is expected to be 212500.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Norway to stand at 214200.00 in 12 months time. In the long-term, the Norway Government Spending is projected to trend around 213800.00 NOK Million in 2021 and 214600.00 NOK Million in 2022, according to our econometric models.

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Norway Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
200976.00 205541.00 205942.00 69603.00 1978 - 2020 NOK Million Quarterly
Constant Prices 2017, SA

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 -114258.00 -22430.00 198910.00 -114258.00 NOK Million [+]
Government Spending 200976.00 205541.00 205942.00 69603.00 NOK Million [+]
Government Spending to GDP 51.80 49.20 55.80 40.60 percent [+]
Government Revenues 297964.00 361447.00 404678.00 50596.00 NOK Million [+]
Government Debt 634724.00 715305.00 734596.00 8631.00 NOK Million [+]
Fiscal Expenditure 412222.00 383877.00 412222.00 74482.00 NOK Million [+]
Credit Rating 100.00 [+]
Military Expenditure 6824.00 6466.00 6824.00 857.00 USD Million [+]
Asylum Applications 200.00 130.00 8570.00 30.00 persons [+]


Norway Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.