Canada vs Norway: Net incurrence of liabilities, Transactions
Net incurrence of liabilities, Transactions over time
- Canada
- Norway
How they compare
Norway currently reports 287.53 billion against 238.75 billion in Canada, a difference of 48.78 billion.
That makes Norway's figure about 1.2 times Canada's.
The two have swapped places 8 times across 27 shared years of data; in 1999 it was Norway ahead.
Canada ranks 10th and Norway ranks 8th of 33 countries.
Across the 4 decades both report, Canada averaged higher in 1 and Norway in 3.
Head to head by decade
| Decade | Canada | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 29.01 billion | 46.68 billion | 17.66 billion | Norway |
| 2000s | 49.57 billion | 68.32 billion | 18.75 billion | Norway |
| 2010s | 81.99 billion | 47.35 billion | 34.64 billion | Canada |
| 2020s | 246.36 billion | 301.99 billion | 55.63 billion | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, transactions, Canada or Norway?
- Norway, at 287.53 billion against 238.75 billion in Canada as of 2025.
- What is the difference in net incurrence of liabilities, transactions between Canada and Norway?
- 48.78 billion, with Norway ahead.
- How many years of comparable data are there for Canada and Norway?
- 27 years are reported by both, from 1999 to 2025.
- How do Canada and Norway rank globally for net incurrence of liabilities, transactions?
- Canada ranks 10th and Norway ranks 8th of 33 countries.
- Where does this data come from?
- International Monetary Fund, published as Net incurrence of liabilities, Transactions (Statement of operations, General government). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.