Government Spending in Norway decreased to 216517 NOK Million in the first quarter of 2021 from 219840 NOK Million in the fourth quarter of 2020. source: Statistics Norway

Government Spending in Norway averaged 141904.13 NOK Million from 1978 until 2021, reaching an all time high of 219840 NOK Million in the fourth 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 July of 2021.

Government Spending in Norway is expected to be 214200.00 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 213800.00 in 12 months time. In the long-term, the Norway Government Spending is projected to trend around 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
216517.00 219840.00 219840.00 72314.00 1978 - 2021 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 of GDP [+]
Government Budget 6.40 7.80 18.60 3.10 percent of GDP [+]
Government Budget Value -96018.00 -68692.00 198910.00 -114258.00 NOK Million [+]
Government Spending 216517.00 219840.00 219840.00 72314.00 NOK Million [+]
Government Spending to GDP 58.40 51.50 58.40 40.60 percent of GDP [+]
Government Revenues 340618.00 326884.00 404678.00 50596.00 NOK Million [+]
Government Debt 765174.00 637963.00 765174.00 8631.00 NOK Million [+]
Fiscal Expenditure 436636.00 395576.00 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 [+]


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.