Government spending in Norway was last recorded at 58.4 percent of GDP in 2020 . source: EUROSTAT

Government Spending to GDP in Norway averaged 47.98 percent from 1990 until 2020, reaching an all time high of 58.40 percent in 2020 and a record low of 40.60 percent in 2008. This page provides the latest reported value for - Norway Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Government Spending to GDP - values, historical data and charts - was last updated on September of 2021.

Government Spending to GDP in Norway is expected to reach 54.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Government Spending to GDP is projected to trend around 51.00 percent of GDP in 2022 and 49.00 percent of GDP in 2023, according to our econometric models.

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Norway Government Spending to GDP

Actual Previous Highest Lowest Dates Unit Frequency
58.40 51.50 58.40 40.60 1990 - 2020 percent of GDP Yearly

Norway Government Last Previous Highest Lowest Unit
Government Debt to GDP 46.00 40.20 53.70 28.70 percent of GDP [+]
Government Budget -3.40 6.60 18.60 -3.40 percent of GDP [+]
Government Budget Value -68164.00 -96018.00 198910.00 -114258.00 NOK Million [+]
Government Spending 220854.00 216517.00 220854.00 72314.00 NOK Million [+]
Government Spending to GDP 58.40 51.50 58.40 40.60 percent of GDP [+]
Government Revenues 324179.00 340618.00 404678.00 50596.00 NOK Million [+]
Government Debt 628081.00 765174.00 765174.00 8631.00 NOK Million [+]
Fiscal Expenditure 392343.00 436636.00 436636.00 74482.00 NOK Million [+]
Credit Rating 100.00 [+]
Military Expenditure 7514.00 7520.00 7520.00 846.00 USD Million [+]
Asylum Applications 70.00 70.00 8570.00 30.00 persons [+]