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Norway: Government deficit (% of GDP)

Percent of GDP · 1865–2025 · 155 observations · forecasts to 2031 · 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)

Government deficit (% of GDP)

Report error
-10%-5%0%5%10%15%20%25%1875190019251950197520002025NorwayNorway
ForecastPercent of GDP

Compare with other countries →Definition of 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

This series is derived from other GMD variables.

Norway documentation (PDF)

More for Norway

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

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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