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.

As shown in this statistic, the ratio of national debt to gross domestic product (GDP) of Norway is approximately 42.72 percent in 2025.Fluctuating decline between 1980 and 2025Compared to the earliest depicted observation from 1980 there is a total decrease by approximately 4.96 percentage points. Looking at the trajectory between 1980 and 2025, one can observe that this decrease however did not happen continuously.Fluctuating decline between 2025 and 2030In 2030 the ratio will lie at about 40 percent, according to forecasts. From 2025 onwards, there is an overall decrease by approximately 2.72 percentage points.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.

Graph and download economic data for Central government debt, total (% of GDP) for Norway (DEBTTLNOA188A) from 1990 to 1994 about Norway, debt, government, 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.

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.

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 July 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.

Households Debt in Norway remained unchanged at 88.60 percent of GDP in the fourth quarter of 2024 from 88.60 percent of GDP in the third quarter of 2024. This dataset provides - Norway Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Norway: Government debt as percent of GDP: The latest value from 2023 is 44.3 percent, an increase from 36.5 percent in 2022. In comparison, the world average is 61.85 percent, based on data from 137 countries. Historically, the average for Norway from 1980 to 2023 is 37.41 percent. The minimum value, 22.94 percent, was reached in 1998 while the maximum of 52.56 percent was recorded in 1993.

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.

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.

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.

Graph and download economic data for Outstanding Total International Debt Securities to GDP for Norway (DDDM07NOA156NWDB) from 1980 to 2002 about Norway, issues, debt, and GDP.

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 1999 to December 2024 is 80.42 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

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.

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.

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.

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 July 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.