Key information about Norway Government Debt: % of GDP

• Norway Government debt accounted for 55.1 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 44.5 % in the previous year.
• Norway government debt to GDP ratio data is updated yearly, available from Dec 1995 to Dec 2024.
• The data reached an all-time high of 55.1 % in Dec 2024 and a record low of 23.6 % in Dec 1998.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and annual Nominal GDP. Statistics Norway provides Government Debt in local currency and Nominal GDP in local currency.


Related information about Norway Government Debt: % of GDP

• In the latest reports, Norway National Government Debt reached 251.8 USD bn in Dec 2024.
• The country's Nominal GDP reached 128.6 USD bn in Mar 2023.

The national debt in Norway was forecast to continuously increase between 2024 and 2029 by in total 10.1 billion U.S. dollars (+4.81 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 220.17 billion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.As defined by the International Monetary Fund, the general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.Find more key insights for the national debt in countries like Iceland, Finland, and Denmark.

The ratio of national debt to gross domestic product (GDP) in Norway was forecast to continuously decrease between 2024 and 2029 by in total 2.1 percentage points. According to this forecast, in 2029, the ratio will have decreased for the fourth consecutive year to 40.63 percent. The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Sweden, Denmark, and Iceland.

Key information about Norway National Government Debt

• Norway National Government Debt reached 251.8 USD bn in Dec 2024, compared with 224.3 USD bn in the previous year.
• Norway National Government Debt data is updated yearly, available from Dec 1995 to Dec 2024.
• The data reached an all-time high of 251.8 USD bn in Dec 2024 and a record low of 36.2 USD bn in Dec 1998.

CEIC converts annual Government Debt into USD. Statistics Norway provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about Norway National Government Debt

• In the latest reports, Norway Consolidated Fiscal Balance registered a surplus equal to 13.2 % of its Nominal GDP in Dec 2024.
• The country's Government debt accounted for 55.1 % of its Nominal GDP in Dec 2024.
• Norway Nominal GDP reached 128.6 USD bn in Mar 2023.

Government Debt in Norway decreased to 773551 NOK Million in the fourth quarter of 2024 from 874524 NOK Million in the third quarter of 2024. This dataset provides - Norway Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Norway External Debt

• Norway External Debt reached 733.1 USD bn in Dec 2024, compared with 747.6 USD bn in the previous quarter.
• Norway External Debt: USD mn data is updated quarterly, available from Mar 2003 to Dec 2024.
• The data reached an all-time high of 747.6 USD bn in Sep 2024 and a record low of 204.9 USD bn in Mar 2003.

CEIC converts quarterly External Debt into USD. Statistics Norway provides External Debt in local currency based on BPM6. The Federal Reserve Board period end market exchange rate is used for currency conversions. External Debt prior to Q1 2012 is based on BPM5.


Related information about Norway External Debt

• In the latest reports of Norway, Current Account recorded a surplus of 27.3 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) fell by 1.9 USD bn in Sep 2024.
• Norway Direct Investment Abroad fell by 53.1 USD mn in Sep 2024.
• Its Foreign Portfolio Investment increased by 6.3 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 128.6 USD bn in Mar 2023.

Private Debt to GDP in Norway increased to 278.52 percent in 2023 from 247.02 percent in 2022. Norway Private Debt to GDP - values, historical data, forecasts and news - updated on March of 2025.

Key information about Norway Private Debt: % of Nominal GDP

• Norway Private Debt accounted for 120.33 % of its Nominal GDP in Sep 2024, compared with a ratio of 120.38 % in the previous quarter
• Norway Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1996 to Sep 2024, with an average share of 112.28 %
• The data reached an all-time high of 152.02 % in Mar 2021 and a record low of 75.51 % in Dec 1996

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Loans to Non Financial Corporations, Households and NPISHs. Statistics Norway provides Private Debt in local currency and Nominal GDP in local currency.

Graph and download economic data for Outstanding Domestic Public Debt Securities to GDP for Norway (DDDM04NOA156NWDB) from 1995 to 2020 about Norway, public, debt, securities, domestic, and GDP.

The household debt-to-income ratio in Norway decreased slightly in 2022, after it peaked in the second quarter of 2021. As of the second quarter of 2022, the household debt-to-income ratio was 223, which means that the indebtedness of the average Norwegian household was twice higher than their income.

In 2024, Finland had the highest debt rate of the Nordic countries, followed by Iceland. In 2011, Iceland's debt rate was over 138 percent of the country's gross domestic product (GDP), but it had decreased to 59 percent in 2024. Finland's debt rate, on the other hand, increased from 50 percent in 2010 to 80 percent in 2024. Debt rates of the three other Nordic countries were more stable, and were between 29 and 38 percent in 2024.

Households Debt in Norway increased to 210.38 percent of gross income in 2022 from 206.25 percent in 2021. This dataset provides - Norway Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for Norway (DDDM05NOA156NWDB) from 1980 to 2002 about Norway, debt, securities, private, and GDP.

Key information about Norway Household Debt

• Norway Household Debt reached 417.6 USD bn in Dec 2024, compared with the reported number of 443.6 USD bn in the previous quarter
• Norway Household Debt: USD mn data is updated quarterly, available from Dec 1995 to Dec 2024
• The data reached an all-time high of 488.2 USD bn in Mar 2022 and a record low of 85.5 USD bn in Jun 1997

CEIC converts quarterly Household Debt into USD. Statistics Norway provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Further information about Norway Household Debt

• In the latest reports, Norway Household Debt accounted for 91.3 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in Norway increased 288.6 USD bn YoY in Jan 2025
• Norway Foreign Exchange Reserves was measured at 79.0 USD bn in Feb 2025
• The Foreign Exchange Reserves equaled 10.5 Months of Import in Jan 2025
• Norway Domestic Credit reached 667.0 USD bn in Jan 2025, representing an increased of 3.7 % YoY

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Debt statistics provide a detailed picture of debt stocks and flows of developing countries. Data presented as part of the Quarterly External Debt Statistics takes a closer look at the external debt of high-income countries and emerging markets to enable a more complete understanding of global financial flows. The Quarterly Public Sector Debt database provides further data on public sector valuation methods, debt instruments, and clearly defined tiers of debt for central, state and local government, as well as extra-budgetary agencies and funds. Data are gathered from national statistical organizations and central banks as well as by various major multilateral institutions and World Bank staff.

The total household debt in Norway increased every year during the period from 2008 to 2018. The largest change in household debt was in 2011 and 2012, when it increased by 7.2 percent from the previous year. In 2018, the total household debt in Norway had increased by 5.8 percent compared to the previous year.

Norway debt to gdp ratio for 2022 was 28.71%, a 2.15% decline from 2021.

• Norway debt to gdp ratio for 2021 was 30.86%, a 2.2% decline from 2020.
• Norway debt to gdp ratio for 2020 was 33.06%, a 4.45% increase from 2019.
• Norway debt to gdp ratio for 2019 was 28.61%, a 0.27% increase from 2018.

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Key information about Norway External Debt: Short Term: % of GDP

• Norway External Debt: Short Term accounted for 46.6 % of the country's Nominal GDP in 2022, compared with the ratio of 51.5 % in the previous year.
• Norway External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2012 to 2022.
• The data reached an all-time high of 57.3 % in 2020 and a record low of 43.6 % in 2012.

CEIC calculates Short Term External Debt as % of Nominal GDP from quarterly Short Term External Debt and annual Nominal GDP. Short Term External Debt is calculated as the sum of Short Term External Debt breakdowns for General Government, Central Bank, Deposit-Taking Corporations excl Central Bank and Other Sectors. Statistics Norway provides Short Term External Debt in local currency and Nominal GDP in local currency.


Related information about Norway External Debt: Short Term: % of GDP

• In the latest reports of Norway, Current Account recorded a surplus of 27.3 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) fell by 1.9 USD bn in Sep 2024.
• Norway Direct Investment Abroad fell by 53.1 USD mn in Sep 2024.
• Its Foreign Portfolio Investment increased by 6.3 USD bn in Sep 2024.
• Norway External Debt: Short Term value stood at 261.4 USD bn in Dec 2022.
• The country's Nominal GDP was reported at 128.6 USD bn in Mar 2023.

Gross Ext. Debt Pos., General Government, Short-term, Debt securities, USD in Norway was reported at 1490865842 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Norway - Gross Ext. Debt Pos., General Government, Short-term, Debt securities, USD - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

This scatter chart displays population (people) against central government debt (% of GDP) and is filtered where the country is Norway. The data is about countries per year.