Gross debt, General government, Percent of GDP in Norway
Norway: Gross debt, General government, Percent of GDP was 40 in 2030. ▲ Rising
Latest (2030)
40
Change on year
up 1.9%
World rank
128th
of 193 countries
All-time high
53.65
in 1993
All-time low
23.57
in 1998
Years of data
40
1991–2030
Gross debt, General government, Percent of GDP in Norway, 1991–2030
Source: International Monetary Fund.
Analysis
The most recent figure for gross debt, general government, percent of gdp in Norway is 40, measured in 2030.
That represents a change of up 1.9% on the previous year and down 13.1% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Norway peaked at 53.65 in 1993 and was at its lowest, 23.57, in 1998.
That places Norway 128th out of 193 countries with data for 2030, putting it in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Gross debt, General government, Percent of GDP in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 39.24 | — |
| 1992 | 45 | +14.7% |
| 1993 | 53.65 | +19.2% |
| 1994 | 50.64 | -5.6% |
| 1995 | 32.74 | -35.4% |
| 1996 | 28.45 | -13.1% |
| 1997 | 25.76 | -9.5% |
| 1998 | 23.57 | -8.5% |
| 1999 | 24.96 | +5.9% |
| 2000 | 28.67 | +14.9% |
| 2001 | 27.23 | -5.0% |
| 2002 | 33.95 | +24.6% |
| 2003 | 43.08 | +26.9% |
| 2004 | 43.83 | +1.7% |
| 2005 | 42.33 | -3.4% |
| 2006 | 52.59 | +24.2% |
| 2007 | 49.52 | -5.8% |
| 2008 | 47.55 | -4.0% |
| 2009 | 42.54 | -10.5% |
| 2010 | 42.95 | +1.0% |
| 2011 | 29.61 | -31.1% |
| 2012 | 30.89 | +4.3% |
| 2013 | 31.4 | +1.6% |
| 2014 | 29.61 | -5.7% |
| 2015 | 34.27 | +15.7% |
| 2016 | 37.87 | +10.5% |
| 2017 | 38.19 | +0.8% |
| 2018 | 39.35 | +3.0% |
| 2019 | 40.49 | +2.9% |
| 2020 | 46.03 | +13.7% |
| 2021 | 41.57 | -9.7% |
| 2022 | 36.06 | -13.3% |
| 2023 | 44.13 | +22.4% |
| 2024 | 42.72 | -3.2% |
| 2025 | 42.72 | +0.0% |
| 2026 | 42.52 | -0.5% |
| 2027 | 42.03 | -1.2% |
| 2028 | 41.39 | -1.5% |
| 2029 | 39.25 | -5.2% |
| 2030 | 40 | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36 | 23.57 | 53.65 | 9 |
| 2000s | 41.13 | 27.23 | 52.59 | 10 |
| 2010s | 35.46 | 29.61 | 42.95 | 10 |
| 2020s | 41.84 | 36.06 | 46.03 | 10 |
| 2030s | 40 | 40 | 40 | 1 |
Countries ranked near Norway
- 125 Saudi Arabia 40.67 compare
- 126 Nicaragua 40.36 compare
- 127 Papua New Guinea 40.23 compare
- 129 Kyrgyzstan 39.96 compare
- 130 Kiribati 39.78 compare
- 131 Iran, Islamic Republic of 39.29 compare
More external debt data for Norway
- Other investment, Debt instruments 329.56 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 21.69 % change on previous year (2025)
- Other investment, Debt instruments, Deposit taking corporations 136.58 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 58,736 US dollar per person (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 0.6209 US dollar per US$ of GDP (2025)
- Liabilities, International Liquidity, Liabilities to Nonresidents 387.41 billion (2025)
- Net lending (+) / net borrowing (-), General government, Percent of 8.77 (2030)
- Other investment, Debt instruments, Deposit taking corporations 10.09 % change on previous year (2025)
- Primary net lending (+) / net borrowing (-), General government 6.7 (2030)
- Other investment, Debt instruments, Deposit taking corporations 24,342 US dollar per person (2025)
Frequently asked questions
- What is gross debt, general government, percent of gdp in Norway?
- Gross debt, general government, percent of gdp in Norway was 40 in 2030, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Norway?
- The highest recorded value was 53.65 in 1993.
- What is the lowest gross debt, general government, percent of gdp recorded in Norway?
- The lowest recorded value was 23.57 in 1998.
- How does Norway rank for gross debt, general government, percent of gdp?
- Norway ranks 128th out of 193 countries with data for 2030.
- Is gross debt, general government, percent of gdp rising or falling in Norway?
- Over the last ten years it is down 13.1%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October