Government Spending in Norway increased to 206207 NOK Million in the third quarter of 2019 from 204429 NOK Million in the second quarter of 2019. Government Spending in Norway averaged 134174.68 NOK Million from 1978 until 2019, reaching an all time high of 206207 NOK Million in the third quarter of 2019 and a record low of 69603 NOK Million in the second quarter of 1978. source: Statistics Norway

Government Spending in Norway is expected to be 205200.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Norway to stand at 212187.00 in 12 months time. In the long-term, the Norway Government Spending is projected to trend around 221626.00 NOK Million in 2020, according to our econometric models.

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Norway Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
206207.00 204429.00 206207.00 69603.00 1978 - 2019 NOK Million Quarterly
Constant Prices 2017, SA

Norway Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

Norway Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.30 37.90 53.70 28.90 percent [+]
Government Budget 7.30 4.90 18.70 3.20 percent of GDP [+]
Government Budget Value -8458.00 28419.00 198910.00 -60215.00 NOK Million [+]
Government Spending 206207.00 204429.00 206207.00 69603.00 NOK Million [+]
Government Spending to GDP 48.70 49.90 55.80 40.20 percent [+]
Government Revenues 314098.00 378600.00 404678.00 50596.00 NOK Million [+]
Government Debt 593957.00 496238.00 734596.00 8631.00 NOK Million [+]
Fiscal Expenditure 322556.00 350181.00 356948.00 74482.00 NOK Million [+]
Military Expenditure 6824.00 6466.00 6824.00 857.00 USD Million [+]
Credit Rating 100.00 [+]
Asylum Applications 160.00 200.00 8570.00 120.00 persons [+]