Government Spending in Norway increased to 220461 NOK Million in the fourth quarter of 2020 from 214474 NOK Million in the third quarter of 2020. source: Statistics Norway

Government Spending in Norway averaged 141472.28 NOK Million from 1978 until 2020, reaching an all time high of 220461 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 May of 2021.

Government Spending in Norway is expected to be 215400.00 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
220461.00 214474.00 220461.00 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 -68692.00 -58321.00 198910.00 -114258.00 NOK Million [+]
Government Spending 220461.00 214474.00 220461.00 72314.00 NOK Million [+]
Government Spending to GDP 51.80 49.20 55.80 40.60 percent [+]
Government Revenues 326884.00 302533.00 404678.00 50596.00 NOK Million [+]
Government Debt 637963.00 743263.00 743263.00 8631.00 NOK Million [+]
Fiscal Expenditure 395576.00 360854.00 412222.00 74482.00 NOK Million [+]
Credit Rating 100.00 [+]
Military Expenditure 7399.00 7067.00 7399.00 895.00 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.