Norway: Government expenditure
* indicates monthly or quarterly data series
The most recent value is 303.96 billion Norwegian Krone as of Q2 2024, an increase compared to the previous value of 287.71 billion Norwegian Krone. Historically, the average for Norway from Q1 1978 to Q2 2024 is 100.64 billion Norwegian Krone. The minimum of 11.86 billion Norwegian Krone was recorded in Q1 1978, while the maximum of 303.96 billion Norwegian Krone was reached in Q2 2024.
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* indicates monthly or quarterly data series
- Measure: billion Norwegian Krone
- Source: Eurostat
| Recent values | Norway: Government expenditure, billion currency units |
|---|---|
| 2024 Q2 | 303.96 |
| 2024 Q1 | 287.71 |
| 2023 Q4 | 292.43 |
| 2023 Q3 | 278.96 |
| 2023 Q2 | 283.82 |
| 2023 Q1 | 266.65 |
| 2022 Q4 | 263.92 |
| 2022 Q3 | 257.25 |
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Definition: Total spending by all levels of government but excluding public enterprises.
| 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 | 3.30 | 8/2024 | 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 |