Norway Government Budget
9.3%▼ −3.44 pt
Dec 2025 · Annual
Norway's budget balance as a percentage of GDP fell to 9.34 percent in 2025, down from 12.79 percent in 2024. The latest reading is below the all-time high of 24.67 percent reached in 2022 but remains above the all-time low of -2.46 percent posted in 2020. The annual series extends back to 1980.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 9.3% | 12.8% | 24.7%Dec 2022 | -2.5%Dec 2020 | 1980 – 2025 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Debt to GDP | 45.0% | 52.8% | 54.0% | 23.8% | Dec 2025 | Annual |
| Tax Revenue to GDP | 24.5% | 26.1% | 30.3% | 20.4% | Dec 2024 | Annual |
About this series
Government Budget in Norway averaged 8.6% from 1980 until 2025, reaching an all-time high of 24.7% in Dec 2022 and a record low of -2.5% in Dec 2020. The series is reported yearly with history from 1980.
The budget balance as a percentage of GDP measures the difference between government revenue and expenditure relative to the size of the economy. For Norway, the indicator is compiled annually and expressed as a percentage of GDP. The series spans from 1980 to 2025.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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