Government Spending in Norway increased to 220854 NOK Million in the second quarter of 2021 from 216517 NOK Million in the first quarter of 2021. source: Statistics Norway

Government Spending in Norway averaged 142357.87 NOK Million from 1978 until 2021, reaching an all time high of 220854 NOK Million in the second quarter of 2021 and a record low of 72314 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 September of 2021.

Government Spending in Norway is expected to be 220700.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Government Spending is projected to trend around 234813.00 NOK Million in 2022 and 240918.00 NOK Million in 2023, according to our econometric models.

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Norway Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
220854.00 216517.00 220854.00 72314.00 1978 - 2021 NOK Million Quarterly
Constant Prices 2018, SA

Norway Government Last Previous Highest Lowest Unit
Government Debt to GDP 46.00 40.20 53.70 28.70 percent of GDP [+]
Government Budget -3.40 6.60 18.60 -3.40 percent of GDP [+]
Government Budget Value -68164.00 -96018.00 198910.00 -114258.00 NOK Million [+]
Government Spending 220854.00 216517.00 220854.00 72314.00 NOK Million [+]
Government Spending to GDP 58.40 51.50 58.40 40.60 percent of GDP [+]
Government Revenues 324179.00 340618.00 404678.00 50596.00 NOK Million [+]
Government Debt 765174.00 637963.00 765174.00 8631.00 NOK Million [+]
Fiscal Expenditure 392343.00 436636.00 436636.00 74482.00 NOK Million [+]
Credit Rating 100.00 [+]
Military Expenditure 7514.00 7520.00 7520.00 846.00 USD Million [+]
Asylum Applications 70.00 70.00 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.