Norway: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Norway

Fiscal balance, percent of GDP

 Latest value 16.32
 Year 2023
 Measure percent
 Data availability 1981 - 2023
 Average 7.82
 Min - Max -2.56 - 25.56
 Source Statistics Norway
The latest value from 2023 is 16.32 percent, a decline from 25.56 percent in 2022. In comparison, the world average is -2.86 percent, based on data from 142 countries. Historically, the average for Norway from 1981 to 2023 is 7.82 percent. The minimum value, -2.56 percent, was reached in 2020 while the maximum of 25.56 percent was recorded in 2022. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Norway - Fiscal balance, percent of GDP - Recent values chart

Historical series
Norway - Fiscal balance, percent of GDP - historical chart - 1981-2023




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 21.93 2023 percent
 Government spending, in dollars 106.48 2023 billion U.S. dollars
 Fiscal balance, percent of GDP 16.32 2023 percent
 Government debt 44.30 2023 percent
 Government expenditure 303.96 Q2/2024 billion
 Long-term interest rate 3.60 12/2024 percent
 Tax revenue 31.27 2022 percent
 Commercial tax rate 36.20 2019 percent
 Tax preparation time 79 2019 hours
 Number of taxes 5 2019 taxes
 Taxes on goods and services 15.12 2022 percent
 Taxes on international trade 0.13 2022 percent
 Income and profits taxes 39.89 2022 percent
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