Norway recorded a Government Budget surplus equal to 9.10 percent of the country's Gross Domestic Product in 2021. source: Statistics Norway

Government Budget in Norway averaged 9.38 percent of GDP from 1995 until 2021, reaching an all time high of 18.60 percent of GDP in 2008 and a record low of -2.60 percent of GDP in 2020. This page provides - Norway Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Government Budget - values, historical data and charts - was last updated on December of 2022.

Government Budget in Norway is expected to reach 10.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Government Budget is projected to trend around 7.50 percent of GDP in 2023 and 4.50 percent of GDP in 2024, according to our econometric models.

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Norway Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 43.20 45.90 percent of GDP Dec 2021
Government Budget 9.10 -2.60 percent of GDP Dec 2021
Government Budget Value 343418.00 202811.00 NOK Million Sep 2022
Government Spending 236532.00 236719.00 NOK Million Sep 2022
Government Revenues 718838.00 633690.00 NOK Million Sep 2022
Government Debt 708589.00 797324.00 NOK Million Jun 2022
Fiscal Expenditure 375420.00 430879.00 NOK Million Sep 2022

Norway Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
9.10 -2.60 18.60 -2.60 1995 - 2021 percent of GDP Yearly