Net incurrence of liabilities, Transactions in Norway

Norway: Net incurrence of liabilities, Transactions was 287.53 billion in 2025. ◆ Volatile

Latest (2025)
287.53 billion
Change on year
down 48.7%
World rank
8th
of 33 countries
All-time high
560.03 billion
in 2024
All-time low
-317.41 billion
in 2011
Years of data
27
1999–2025

Net incurrence of liabilities, Transactions in Norway, 1999–2025

-400.0B-200.0B0200.0B400.0B600.0B1999201220251999: 46.7B2000: 129.6B2001: 5.5B2002: 143.3B2003: 145.5B2004: 143.4B2005: 35.2B2006: 361.5B2007: 85.7B2008: -183.0B2009: -183.3B2010: 95.9B2011: -317.4B2012: 83.5B2013: 60.9B2014: -38.5B2015: 163.4B2016: 130.6B2017: 103.3B2018: 149.6B2019: 42.1B2020: 176.1B2021: 244.8B2022: 348.3B2023: 195.2B2024: 560.0B2025: 287.5B

Source: International Monetary Fund.

Analysis

The most recent figure for net incurrence of liabilities, transactions in Norway is 287.53 billion, measured in 2025.

The figure is down 48.7% on the previous year and up 76.0% over ten years.

Over the whole period, net incurrence of liabilities, transactions in Norway peaked at 560.03 billion in 2024 and was at its lowest, -317.41 billion, in 2011.

That places Norway 8th out of 33 countries with data for 2025, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Net incurrence of liabilities, Transactions in Norway, year by year

Annual values for Net incurrence of liabilities, Transactions (Statement of operations, General government) in Norway, 1999 to 2025.
Year Value Change
1999 46.68 billion
2000 129.56 billion +177.6%
2001 5.53 billion -95.7%
2002 143.27 billion +2489.0%
2003 145.48 billion +1.5%
2004 143.41 billion -1.4%
2005 35.19 billion -75.5%
2006 361.46 billion +927.3%
2007 85.65 billion -76.3%
2008 -183.01 billion -313.7%
2009 -183.34 billion +0.2%
2010 95.88 billion -152.3%
2011 -317.41 billion -431.1%
2012 83.47 billion -126.3%
2013 60.94 billion -27.0%
2014 -38.48 billion -163.1%
2015 163.41 billion -524.7%
2016 130.61 billion -20.1%
2017 103.31 billion -20.9%
2018 149.62 billion +44.8%
2019 42.12 billion -71.9%
2020 176.13 billion +318.2%
2021 244.76 billion +39.0%
2022 348.29 billion +42.3%
2023 195.19 billion -44.0%
2024 560.03 billion +186.9%
2025 287.53 billion -48.7%

Averages by decade

DecadeAverage LowestHighest Years
1990s 46.68 billion 46.68 billion 46.68 billion 1
2000s 68.32 billion -183.34 billion 361.46 billion 10
2010s 47.35 billion -317.41 billion 163.41 billion 10
2020s 301.99 billion 176.13 billion 560.03 billion 6

Countries ranked near Norway

  1. 5 Brazil 1.57 trillion compare
  2. 6 Czechia 345.41 billion compare
  3. 7 Poland 344.77 billion compare
  4. 9 United Kingdom of Great Britain and Northern Ireland 247.41 billion compare
  5. 10 Canada 238.75 billion compare
  6. 11 Romania 186.01 billion compare

See the full ranking of 33 places →

More external debt data for Norway

All data for Norway →

Frequently asked questions

What is net incurrence of liabilities, transactions in Norway?
Net incurrence of liabilities, transactions in Norway was 287.53 billion in 2025, according to International Monetary Fund.
What is the highest net incurrence of liabilities, transactions recorded in Norway?
The highest recorded value was 560.03 billion in 2024.
What is the lowest net incurrence of liabilities, transactions recorded in Norway?
The lowest recorded value was -317.41 billion in 2011.
How does Norway rank for net incurrence of liabilities, transactions?
Norway ranks 8th out of 33 countries with data for 2025.
Is net incurrence of liabilities, transactions rising or falling in Norway?
Over the last ten years it is up 76.0%. The long-run trend across the full record is volatile.
Where does this Norway data come from?
The figures come from International Monetary Fund, published as part of Net incurrence of liabilities, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.

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Net incurrence of liabilities, Transactions in Norway. Statizoid, drawing on International Monetary Fund. Retrieved 29 August 2026, from https://debt.statizoid.com/stat/net-incurrence-of-liabilities-transactions-statement-of-operations-general-government/norway/

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About this data

Indicator
Net incurrence of liabilities, Transactions (Statement of operations, General government)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
33 places, 847 data points, 1990–2025
Last refreshed

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.