Government Spending in Norway increased to 214614 NOK Million in the third quarter of 2020 from 208440 NOK Million in the second quarter of 2020. source: Statistics Norway

Government Spending in Norway averaged 141010.94 NOK Million from 1978 until 2020, reaching an all time high of 214614 NOK Million in the third quarter of 2020 and a record low of 72314 NOK Million in the second quarter of 1978. This page provides - Norway Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Government Spending - values, historical data and charts - was last updated on December of 2020.

Government Spending in Norway is expected to be 215500.00 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 214000.00 in 12 months time. In the long-term, the Norway Government Spending is projected to trend around 213800.00 NOK Million in 2021 and 214600.00 NOK Million in 2022, according to our econometric models.

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Norway Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
214614.00 208440.00 214614.00 72314.00 1978 - 2020 NOK Million Quarterly
Constant Prices 2018, SA

Norway Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.60 39.40 53.70 28.70 percent [+]
Government Budget 6.40 7.80 18.60 3.10 percent of GDP [+]
Government Budget Value -58321.00 -114258.00 198910.00 -114258.00 NOK Million [+]
Government Spending 214614.00 208440.00 214614.00 72314.00 NOK Million [+]
Government Spending to GDP 51.80 49.20 55.80 40.60 percent [+]
Government Revenues 302533.00 297964.00 404678.00 50596.00 NOK Million [+]
Government Debt 634724.00 715305.00 734596.00 8631.00 NOK Million [+]
Fiscal Expenditure 360854.00 412222.00 412222.00 74482.00 NOK Million [+]
Credit Rating 100.00 [+]
Military Expenditure 6824.00 6466.00 6824.00 857.00 USD Million [+]
Asylum Applications 130.00 200.00 8570.00 30.00 persons [+]

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.