Norway recorded a Government Debt to GDP of 55.10 percent of the country's Gross Domestic Product in 2024. This dataset provides - Norway Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 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.

Households Debt in Norway decreased to 87.40 percent of GDP in the first quarter of 2025 from 88.60 percent of GDP in the fourth quarter of 2024. This dataset provides - Norway Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

Private Debt to GDP in Norway decreased to 186.20 percent in 2024 from 187 percent in 2023. Norway Private Debt to GDP - values, historical data, forecasts and news - updated on September of 2025.

Key information about Norway Total Debt: % of GDP

• Norway Total Debt accounted for 610.1 % of the country's GDP in 2024, compared with the ratio of 602.2 % in the previous quarter.
• Norway Total Debt: % of GDP data is updated quarterly, available from Dec 1995 to Dec 2024.
• The data reached an all-time high of 705.1 % in Dec 2020 and a record low of 389.1 % 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.

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

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.

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.

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.

Household debt to GDP, in percent in Norway, December, 2024 The most recent value is 88.6 percent as of December 2024, an increase compared to the previous value of 88.3 percent. Historically, the average for Norway from March 1990 to December 2024 is 75.19 percent. The minimum of 52.5 percent was recorded in December 2000, while the maximum of 113.4 percent was reached in December 2020. | TheGlobalEconomy.com

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.

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.

Norway NO: Gross Public Debt: % of GDP: Central Government: Debt Securities data was reported at 11.478 % in Jun 2018. This records an increase from the previous number of 11.340 % for Mar 2018. Norway NO: Gross Public Debt: % of GDP: Central Government: Debt Securities data is updated quarterly, averaging 11.496 % from Mar 2000 (Median) to Jun 2018, with 74 observations. The data reached an all-time high of 18.779 % in Dec 2009 and a record low of 8.082 % in Mar 2007. Norway NO: Gross Public Debt: % of GDP: Central Government: Debt Securities 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.

Gross portfolio debt liabilities to GDP (%) in Norway was reported at 87.14 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Norway - Gross portfolio debt liabilities to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

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.

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

Norway NO: Gross Public Debt: % of GDP: Central Government: Debt Securities and Loans 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 and Loans data is updated quarterly, averaging 21.946 % from Mar 2000 (Median) to Mar 2018, with 73 observations. The data reached an all-time high of 43.399 % in Dec 2006 and a record low of 13.196 % in Sep 2014. Norway NO: Gross Public Debt: % of GDP: Central Government: Debt Securities and Loans 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.