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Norway: General government deficit (% of GDP)

Percent of GDP · 1881–2025 · 139 observations · forecasts to 2031 · gen_govdef_GDP

2025
10.5%percent of GDP
Change on 2024
−2.2 pointsfrom 12.7%
Average, 2016–2025
9.36%10 years
Record high and low
24.6% (2022)low −5.47% (1921)

General government deficit (% of GDP)

Report error
-10%-5%0%5%10%15%20%25%1900192019401960198020002020NorwayNorway
ForecastPercent of GDP

Compare with other countries →Definition of General government deficit (% of GDP)

Recent values

Percent of GDP

YearValue
20316.33Forecast
20306.81Forecast
20297.20Forecast
20287.57Forecast
20278.26Forecast
202612.8Forecast
202510.5
202412.7
202315.9
202224.6
202110.0
2020-2.60
20196.30
20187.50
20174.80
20163.90

Sources

  • IMF Fiscal Policy Panel1881–2023
  • OECD Economic Outlook1978–2025
  • IMF Government Finance Statistics1980–2024
  • IMF World Economic Outlook1980–2024
  • Eurostat1995–2025
  • IMF WEO (forecast)2024–2031
  • OECD Economic Outlook (forecast)2025–2027

Compare these sources →

Norway documentation (PDF)

More for Norway

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

General government deficit (% of GDP) elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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