Norway: Fiscal balance, percent of GDP

The latest value from 2024 is 13.25 percent, a decline from 16.57 percent in 2023. In comparison, the world average is -2.69 percent, based on data from 185 countries. Historically, the average for Norway from 1990 to 2024 is 8.75 percent. The minimum value, -2.56 percent, was reached in 2020 while the maximum of 25.45 percent was recorded in 2022. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. The value is expressed as percent of GDP to relate it to the size of the economy. The source for these data is: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.