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.

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 251.7 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.

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 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.

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.

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.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. Statistics Norway provides External Debt in local currency based on BPM6 and Nominal GDP in local currency. External Debt prior to 2012 is based on BPM5.


Related information about Norway External Debt: % of GDP

• 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.

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

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for Norway (DDDM03NOA156NWDB) from 1995 to 2020 about Norway, debt, domestic, securities, private, and GDP.

Monthly and long-term Norway External Debt (% of GDP) data: historical series and analyst forecasts curated by FocusEconomics.

Graph and download economic data for Outstanding International Public Debt Securities to GDP for Norway (DDDM06NOA156NWDB) from 1980 to 2002 about Norway, public, debt, securities, and GDP.

Key information about Norway External Debt

• Norway External Debt reached 790.5 USD bn in Jun 2025, compared with 761.7 USD bn in the previous quarter.
• Norway External Debt: USD mn data is updated quarterly, available from Mar 2003 to Jun 2025.
• The data reached an all-time high of 790.5 USD bn in Jun 2025 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 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 Nominal GDP was reported at 136.4 USD bn in Sep 2025.

Key information about Norway Household Debt: % of GDP

• Norway household debt accounted for 91.3 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 90.4 % in the previous quarter.
• Norway household debt to GDP ratio is updated quarterly, available from Dec 1995 to Dec 2024.
• The data reached an all-time high of 116.3 % in Dec 2020 and a record low of 55.5 % in Mar 2001.

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


Related information about Norway Household Debt: % of GDP

• In the latest reports, Norway Household Debt reached 443.2 USD bn in Sep 2024.
• Money Supply M2 in Norway increased 5.1 % 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.
• The country's Non Performing Loans Ratio stood at 0.4 % in Dec 2022, compared with the ratio of 0.3 % in the previous year.

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

Historical dataset showing Norway external debt by year from N/A to N/A.

Key information about Norway Total Debt: % of GDP

• Norway Total Debt accounted for 580.8 % of the country's GDP in 2025, compared with the ratio of 575.8 % in the previous quarter.
• Norway Total Debt: % of GDP data is updated quarterly, available from Dec 1995 to Jun 2025.
• The data reached an all-time high of 679.7 % in Dec 2020 and a record low of 391.7 % in Dec 1996.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as Total Liabilities less Equity & Investment Fund Shares. Liabilities of the Rest of the World are subtracted from Total Liabilities. Statistics Norway provides Total Debt in local currency and Nominal GDP in local currency.

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.

Key information about Norway Private Debt: % of Nominal GDP

• Norway Private Debt accounted for 120.03 % of its Nominal GDP in Dec 2024, compared with a ratio of 119.77 % in the previous quarter
• Norway Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1996 to Dec 2024, with an average share of 114.13 %
• 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.

Norway NO: Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits data was reported at 20.874 % in Mar 2018. This records an increase from the previous number of 20.556 % for Dec 2017. Norway NO: Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits data is updated quarterly, averaging 19.641 % from Mar 1995 (Median) to Mar 2018, with 93 observations. The data reached an all-time high of 43.399 % in Dec 2006 and a record low of 0.000 % in Dec 1999. Norway NO: Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Norway – Table NO.World Bank: QPSD: Gross Public Debt: % of GDP: Central Government.

Key information about Norway Household Debt

• Norway Household Debt reached 479.5 USD bn in Jun 2025, compared with the reported number of 451.3 USD bn in the previous quarter
• Norway Household Debt: USD mn data is updated quarterly, available from Dec 1995 to Jun 2025
• 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 88.3 % of the country's Nominal GDP in Jun 2025
• Money Supply M2 in Norway increased 336.4 USD bn YoY in Oct 2025
• Norway Foreign Exchange Reserves was measured at 78.4 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 8.1 Months of Import in Oct 2025
• Norway Domestic Credit reached 766.9 USD bn in Oct 2025, representing an increased of 3.7 % YoY

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