Norway Government Budget
General government net lending (+) / borrowing (-) as a percentage of GDP.
Government Budget in Norway decreased to 10.60 percent of GDP in 2025 from 12.90 percent of GDP in 2024.
Norway Government Budget — History
Drag or pinch to zoom. Dashed line: IMF World Economic Outlook projection.
Norway Government Budget — analysis in simple words
Latest reading
Government Budget in Norway decreased to 10.60 percent of GDP in 2025 from 12.90 percent of GDP in 2024.
It has fallen in each of the last three years.
Recent trend
A year earlier (2024) it was 12.9%, so the latest figure is 2.3 percentage points lower.
Over the past five years the average was 14.8%, with a range from 9.9% to 24.7%. The latest value is below that five-year average.
Historical context
This data series starts in 1980 and has 46 annual observations. The latest reading is higher than 70% of all of them.
The highest value on record is 24.7% (2022) and the lowest is -2.5% (2020). The long-run average is 7.8%.
Compared with other countries
Among 193 economies with recent data, Norway ranks 3rd from the top. The median across all these economies is -2.6%, so Norway is above the typical country.
Within Europe & Central Asia (51 economies with data) it ranks 1st; the regional median is -2.4%.
IMF outlook
The IMF World Economic Outlook projects 13.5% in 2026 and 11.3% in 2027 for Norway. Projections are forecasts, not actual data, and are revised as new information arrives.
Statistics
- Latest
- 10.6%2025
- Previous
- 12.9%
- 5-year average
- 14.8%
- Long-run average
- 7.8%since 1980
- All-time high
- 24.7%2022
- All-time low
- -2.5%2020
- Observations
- 46Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2031 IMF proj. | 6.1% | ▼ −0.8 pp |
| 2030 IMF proj. | 6.9% | ▼ −0.9 pp |
| 2029 IMF proj. | 7.8% | ▼ −1.0 pp |
| 2028 IMF proj. | 8.8% | ▼ −2.5 pp |
| 2027 IMF proj. | 11.3% | ▼ −2.2 pp |
| 2026 IMF proj. | 13.5% | ▲ +2.9 pp |
| 2025 | 10.6% | ▼ −2.3 pp |
| 2024 | 12.9% | ▼ −3.0 pp |
| 2023 | 15.9% | ▼ −8.8 pp |
| 2022 | 24.7% | ▲ +14.8 pp |
| 2021 | 9.9% | ▲ +12.4 pp |
| 2020 | -2.5% | ▼ −8.8 pp |
| 2019 | 6.3% | ▼ −1.3 pp |
| 2018 | 7.6% | ▲ +2.8 pp |
| 2017 | 4.8% | ▲ +0.9 pp |
| 2016 | 3.9% | ▼ −1.9 pp |
| 2015 | 5.8% | ▼ −2.5 pp |
| 2014 | 8.3% | ▼ −2.0 pp |
| 2013 | 10.3% | ▼ −3.1 pp |
| 2012 | 13.4% | ▲ +0.4 pp |
| 2011 | 13.0% | ▲ +2.4 pp |
| 2010 | 10.6% | ▲ +0.6 pp |
| 2009 | 10.0% | ▼ −8.3 pp |
| 2008 | 18.3% | ▲ +1.5 pp |
| 2007 | 16.8% | ▼ −0.9 pp |
| 2006 | 17.7% | ▲ +3.0 pp |
| 2005 | 14.7% | ▲ +3.9 pp |
| 2004 | 10.8% | ▲ +3.6 pp |
| 2003 | 7.2% | ▼ −1.9 pp |
| 2002 | 9.1% |
Government Budget — Norway vs Peers
Latest available reading for each economy (periods may differ). Norway highlighted.
More Norway indicators
Understanding Government Budget — a simple guide
What it measures
General government net lending (+) or borrowing (−) — the overall fiscal balance — as a percentage of GDP.
How it is calculated
(Government revenue − government spending) ÷ GDP × 100. Negative means a deficit.
−5% means the government spent 5% of GDP more than it collected.
A surplus reduces debt.
A deficit adds to government debt.
Why it matters for the economy and markets
Deficits add to government debt and can influence bond yields and inflation.
How to read it
Cyclical downturns widen deficits automatically; compare across several years.
Data source
IMF — World Economic Outlook (series GGXCNL_NGDP), annual data from 1980 to 2025. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current government budget of Norway?
What is the highest and lowest government budget of Norway?
What is the IMF projection for Norway government budget?
What does government budget measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.