Key information about Norway Government Debt: % of GDP

• Norway Government debt accounted for 53.3 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 42.7 % 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 53.3 % in Dec 2024 and a record low of 23.8 % in Dec 1998.

• In the latest reports, Norway National Government Debt reached 251.7 USD bn in Dec 2024.
• The country's Nominal GDP reached 136.4 USD bn in Sep 2025.

In 2024, the ratio of national debt to gross domestic product (GDP) of Norway was estimated at approximately 42.72 percent. Between 1980 and 2024, the figure dropped by around 4.96 percentage points, though the decline followed an uneven course rather than a steady trajectory. The ratio is forecast to decline by about 2.72 percentage points from 2024 to 2030, fluctuating as it trends downward.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.

Key information about Norway National Government Debt

• Norway National Government Debt reached 251.7 USD bn in Dec 2024, compared with 223.9 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 251.7 USD bn in Dec 2024 and a record low of 36.2 USD bn in Dec 1998.

• In the latest reports, Norway Consolidated Fiscal Balance registered a surplus equal to 12.9 % of its Nominal GDP in Jun 2025.
• The country's Government debt accounted for 53.3 % of its Nominal GDP in Dec 2024.
• Norway Nominal GDP reached 136.4 USD bn in Sep 2025.

Government Debt in Norway decreased to 724482 NOK Million in the second quarter of 2025 from 886430 NOK Million in the first quarter of 2025. This dataset provides - Norway Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The national debt of Norway was estimated at about ************** U.S. dollars in 2024. From 1980 to 2024, the national debt rose by approximately ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the national debt will rise by around ************* U.S. dollars, showing an overall upward trend with periodic ups and downs.

Monthly and long-term Norway Public Debt data: historical series and analyst forecasts curated by FocusEconomics.

Historical dataset showing Norway national debt by year from 1990 to 2022.

Key information about Norway External Debt: % of GDP

• Norway External Debt accounted for 155.3 % of the country's Nominal GDP in 2024, compared with the ratio of 142.6 % in the previous year.
• Norway External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2024.
• The data reached an all-time high of 168.4 % in Dec 2008 and a record low of 95.3 % in Dec 2004.

• In the latest reports of Norway, Current Account recorded a surplus of 21.1 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 966.3 USD mn in Jun 2025.
• Norway Direct Investment Abroad expanded by 569.6 USD mn in Jun 2025.
• Its Foreign Portfolio Investment increased by 9.4 USD bn in Jun 2025.
• The country's External Debt reached 790,482.2 in Jun 2025.
• The country's Nominal GDP was reported at 136.4 USD bn in Sep 2025.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This statistic shows the real economy debt change for Norway from 2007 to 2014. The real economy debt to GDP ratio increased by ** percent overall, both corporate and household sectors substantially contributed to the increase. The governmental sector, however, managed to deleverage by ** percent.

Norway Central Government Debt: Norwegian Krone: Other Deposits data was reported at 155,565.000 NOK mn in Jun 2018. This stayed constant from the previous number of 155,565.000 NOK mn for Mar 2018. Norway Central Government Debt: Norwegian Krone: Other Deposits data is updated quarterly, averaging 52,422.000 NOK mn from Dec 1965 (Median) to Jun 2018, with 118 observations. The data reached an all-time high of 245,543.000 NOK mn in Mar 2014 and a record low of 2,085.000 NOK mn in Dec 1966. Norway Central Government Debt: Norwegian Krone: Other Deposits data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.F020: Central Government Debt.

This bar chart displays central government debt (% of GDP) by currency using the aggregation average, weighted by gdp in Norway. The data is about countries per year.

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

This scatter chart displays central government debt (% of GDP) against female population (people) in Norway. The data is about countries per year.

Norway Central Government Debt: Norwegian Krone data was reported at 629,080.000 NOK mn in Jun 2018. This records a decrease from the previous number of 633,565.000 NOK mn for Mar 2018. Norway Central Government Debt: Norwegian Krone data is updated quarterly, averaging 297,427.500 NOK mn from Dec 1965 (Median) to Jun 2018, with 118 observations. The data reached an all-time high of 734,596.000 NOK mn in Mar 2013 and a record low of 8,631.000 NOK mn in Dec 1965. Norway Central Government Debt: Norwegian Krone data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.F020: Central Government Debt.

Graph and download economic data for Amount Outstanding of Total Debt Securities in General Government Sector, All Maturities, Residence of Issuer in Norway (TDSAMRIAOGGNO) from Q4 1995 to Q4 2022 about Norway, maturity, sector, debt, residents, securities, and government.

Norvège: Government debt as percent of GDP: Pour cet indicateur, Statistics Norway fournit des données pour la Norvège de 1980 à 2023. La valeur moyenne pour Norvège pendant cette période était de 37.41 pour cent avec un minimum de 22.94 pour cent en 1998 et un maximum de 52.56 pour cent en 1993.

Graph and download economic data for Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Norway (IDSGAMRIAONO) from Q1 1972 to Q4 2002 about Norway, maturity, sector, debt, residents, securities, and government.

Graph and download economic data for Net Issues of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Norway (IDSGAMRININO) from Q1 1972 to Q1 2003 about Norway, issues, maturity, sector, debt, Net, residents, securities, and government.

Norway Central Government Debt: Norwegian Krone: Government Bonds data was reported at 399,515.000 NOK mn in Jun 2018. This records a decrease from the previous number of 401,000.000 NOK mn for Mar 2018. Norway Central Government Debt: Norwegian Krone: Government Bonds data is updated quarterly, averaging 145,424.500 NOK mn from Dec 1965 (Median) to Jun 2018, with 118 observations. The data reached an all-time high of 403,439.000 NOK mn in Mar 2017 and a record low of 6,424.000 NOK mn in Dec 1965. Norway Central Government Debt: Norwegian Krone: Government Bonds data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.F020: Central Government Debt.