Norway recorded a Government Budget surplus equal to 9.10 percent of the country's Gross Domestic Product in 2021. source: Statistics Norway

Government Budget in Norway averaged 9.38 percent of GDP from 1995 until 2021, reaching an all time high of 18.60 percent of GDP in 2008 and a record low of -2.60 percent of GDP in 2020. This page provides - Norway Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Government Budget - values, historical data and charts - was last updated on June of 2023.

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Norway Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 37.40 42.50 percent of GDP Dec 2022
Government Budget 9.10 -2.60 percent of GDP Dec 2021
Government Budget Value 161996.00 361263.00 NOK Million Mar 2023
Government Spending 241523.00 240348.00 NOK Million Mar 2023
Government Revenues 643162.00 788337.00 NOK Million Mar 2023
Government Debt 733264.00 826889.00 NOK Million Dec 2022
Fiscal Expenditure 481166.00 427074.00 NOK Million Mar 2023

Norway Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
9.10 -2.60 18.60 -2.60 1995 - 2021 percent of GDP Yearly