Norway Government Budget: Revenues and Spending
Norway Government Budget Data
| Indicator | Data | Period |
|---|---|---|
| Government Budget Value | 295938 NOK Million | 27.272 B USD | 2Q/23 |
| Government Spending | 244040 NOK Million | 22.489 B USD | 2Q/23 |
| Government Revenues | 765719 NOK Million | 70.563 B USD | 2Q/23 |
| Government Budget to GDP | 26 % | 2022 |
| Government Spending to GDP | 39.2 % | 2022 |
Latest data on Government Budget Value (NOK Million)
How much is Norway Government Budget?
- The surplus of government budget in Norway increased to 295938 NOK Million (27.272 B USD) in the second quarter of 2023. The maximum surplus was 198910 NOK Million and deficit was -114258 NOK Million.
- Data published Quarterly by Statistics.
Historical Data (NOK Million) by years
Data
Period
Date
| 295938 | 2Q/23 | 17.08.2023 |
| 161996 | 1Q/23 | 27.05.2023 |
| 361263 | 4Q/22 | 18.03.2023 |
| 343418 | 3Q/22 | 12.11.2022 |
| 202811 | 2Q/22 | 25.08.2022 |
| 94984 | 1Q/22 | 21.05.2022 |
| 89842 | 4Q/21 | 02.04.2022 |
| -7119 | 3Q/21 | 18.01.2022 |
Historical Chart by prime ministers (NOK Million)
Government Budget Value in Norway by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Erna Solberg | 16.10.2013 - | 23022.0000 | -10110.0000 | 59084.0000 | -60215.0000 | -143.91% |
| Jens Stoltenberg | 17.10.2005 - 16.10.2013 | 143131.0000 | 43370.0000 | 198910.0000 | -23436.0000 | -69.70% |
| Kjell Magne | 19.10.2001 - 17.10.2005 | 100696.0000 | -28561.0000 | 118329.0000 | -30693.0000 | -128.36% |
| Jens Stoltenberg | 17.03.2000 - 19.10.2001 | 5232.0000 | -12793.0000 | 144973.0000 | -12793.0000 | -344.51% |
| Kjell Magne (2) | 17.10.1997 - 17.03.2000 | 44994.0000 | 44600.0000 | 44994.0000 | -28072.0000 | -0.88% |
| Thorbjorn Jagland | 25.10.1996 - 17.10.1997 | 64484.0000 | -13200.0000 | 64484.0000 | -13200.0000 | -120.47% |
| Gro Harlem (3) | 03.11.1990 - 25.10.1996 | -15069.0000 | -24494.0000 | 49203.0000 | -36306.0000 | 62.55% |
Latest data on Government Spending (NOK Million)
What is current Norway Government Spending?
- Government Spending in Norway increased to 244040 NOK Million (22.489 B USD) in the second quarter of 2023. The maximum volume was 219840 NOK Million and minimum was 72314 NOK Million
- Data published Quarterly by Statistics.
Historical Data (NOK Million) by years
Data
Period
Date
| 244040 | 2Q/23 | 22.08.2023 |
| 241523 | 1Q/23 | 12.05.2023 |
| 239798 | 4Q/22 | 15.02.2023 |
| 236532 | 3Q/22 | 18.11.2022 |
| 228781 | 2Q/22 | 25.08.2022 |
| 228398 | 1Q/22 | 14.05.2022 |
| 232545 | 4Q/21 | 19.02.2022 |
| 229327 | 3Q/21 | 18.01.2022 |
Historical Chart by prime ministers (NOK Million)
Government Spending in Norway by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Erna Solberg | 16.10.2013 - | 175254.0000 | 192856.0000 | 192856.0000 | 175254.0000 | 10.04% |
| Jens Stoltenberg | 17.10.2005 - 16.10.2013 | 149810.0000 | 173863.0000 | 173863.0000 | 149810.0000 | 16.06% |
| Kjell Magne | 19.10.2001 - 17.10.2005 | 138820.0000 | 145589.0000 | 150617.0000 | 138820.0000 | 4.88% |
| Jens Stoltenberg | 17.03.2000 - 19.10.2001 | 132425.0000 | 137658.0000 | 137671.0000 | 131180.0000 | 3.95% |
| Kjell Magne (2) | 17.10.1997 - 17.03.2000 | 123017.0000 | 130445.0000 | 130445.0000 | 123017.0000 | 6.04% |
| Thorbjorn Jagland | 25.10.1996 - 17.10.1997 | 118732.0000 | 121235.0000 | 124027.0000 | 116803.0000 | 2.11% |
| Gro Harlem (3) | 03.11.1990 - 25.10.1996 | 96608.0000 | 118349.0000 | 118349.0000 | 96608.0000 | 22.50% |
| Jan Peder Syse | 16.10.1989 - 03.11.1990 | 92917.0000 | 98001.0000 | 98001.0000 | 92665.0000 | 5.47% |
| Gro Harlem (2) | 09.05.1986 - 16.10.1989 | 85055.0000 | 93222.0000 | 93222.0000 | 85055.0000 | 9.60% |
| Kare Willoch | 14.10.1981 - 09.05.1986 | 77764.0000 | 86593.0000 | 86593.0000 | 77506.0000 | 11.35% |
| Gro Harlem | 04.02.1981 - 14.10.1981 | 75469.0000 | 77138.0000 | 77138.0000 | 75469.0000 | 2.21% |
Latest data on Government Revenues (NOK Million)
How much is Norway Government Revenue?
- Government Revenues in Norway increased to 765719 NOK Million (70.563 B USD) in the second quarter of 2023. The maximum volume was 404678 NOK Million and minimum was 50596 NOK Million
- Data published Quarterly by Statistics.
Historical Data (NOK Million) by years
Data
Period
Date
| 765719 | 2Q/23 | 17.08.2023 |
| 643162 | 1Q/23 | 27.05.2023 |
| 788337 | 4Q/22 | 18.03.2023 |
| 718838 | 3Q/22 | 12.11.2022 |
| 633690 | 2Q/22 | 25.08.2022 |
| 527551 | 1Q/22 | 21.05.2022 |
| 488592 | 4Q/21 | 02.04.2022 |
| 349330 | 3Q/21 | 18.01.2022 |
Historical Chart by prime ministers (NOK Million)
Government Revenues in Norway by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Erna Solberg | 16.10.2013 - | 335796.0000 | 335796.0000 | 335796.0000 | 335796.0000 | 0.00% |
Latest data on Government Budget to GDP (%)
What is the deficit of Norway Government Budget?
- The surplus of Current Account to GDP in Norway increased to 26 % in 2022. The maximum surplus was 18.6 % and deficit was 3.1 %.
- Data published Yearly by Statistics.
Historical Data (%) by years
Data
Period
Date
| 26 | 2022 | 19.07.2023 |
| 9.1 | 2021 | 03.05.2022 |
| -3.4 | 2020 | 02.08.2021 |
| 6.4 | 2019 | 22.04.2020 |
| 7.3 | 2018 | 29.10.2019 |
| 4.4 | 2017 | 04.07.2019 |
Historical Chart by prime ministers (%)
Government Budget to GDP in Norway by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|
Latest data on Government Spending to GDP (%)
What is Norway government spending ratio to GDP?
- Government Spending to GDP in Norway decreased to 39.2 % in 2022. The maximum level was 58.4 % and minimum was 40.6 %.
- Data published Yearly by Eurostat.
Historical Data (%) by years
Data
Period
Date
| 39.2 | 2022 | 22.06.2023 |
| 49.2 | 2021 | 20.07.2022 |
| 58.4 | 2020 | 17.05.2021 |
| 51.8 | 2019 | 22.04.2020 |
| 48.7 | 2018 | 04.07.2019 |
Historical Chart by prime ministers (%)
Government Spending to GDP in Norway by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|
Other budget indicators in Norway
| Index | Updated | Actual | Previous |
| Government Debt to GDP | 2022 | 37.4 % | 42.5 |
| Fiscal Expenditure | 2Q/23 | 43.292 B USD | 44.341 |
| Military Expenditure | 2022 | 8.388 B USD | 8.435 |
Government Budget to GDP in other countries
| Country | Updated | Actual | Previous |
| Austria | 2022 | -3.2 % | -5.8 |
| Ireland | 2022 | 1.6 % | -1.6 |
| Luxembourg | 2022 | 0.2 % | 0.7 |
| Spain | 2022 | -4.8 % | -6.9 |
| Iceland | 2022 | -4.3 % | -8.4 |
| Norway | 2022 | 26 % | 10.6 |
| Belarus | 2021 | -0.3 % | -1.3 |
| Belgium | 2022 | -3.9 % | -5.5 |
| Bulgaria | 2022 | -2.8 % | -3.9 |
| Croatia | 2022 | 0.4 % | -2.5 |
| Cyprus | 2022 | 2.1 % | -2 |
| Czech Republic | 2022 | -3.2 % | -5.1 |
| Denmark | 2022 | 3.3 % | 3.6 |
| Estonia | 2022 | -0.9 % | -2.4 |
| Euro Area | 2022 | -3.6 % | -5.3 |
| Finland | 2022 | -0.9 % | -2.8 |
| France | 2022 | -4.7 % | -6.5 |
| Germany | 2022 | -2.6 % | -3.7 |
| Greece | 2022 | -2.3 % | -7.1 |
| Hungary | 2022 | -6.2 % | -7.1 |
| Italy | 2022 | -8 % | -9 |
| Latvia | 2022 | -4.4 % | -7.1 |
| Lithuania | 2022 | -0.6 % | -1.2 |
| Macedonia | 2022 | -4.1 % | -5.4 |
| Malta | 2022 | -5.8 % | -7.8 |
| Moldova | 2022 | -3.3 % | -2.6 |
| Montenegro | 2022 | -4.6 % | -1.7 |
| Netherlands | 2022 | 0 % | -2.4 |
| Poland | 2022 | -3.7 % | -1.8 |
| Portugal | 2022 | -0.4 % | -2.9 |
| Romania | 2022 | -5.8 % | -7.1 |
| Russia | 2022 | -2.3 % | 0.8 |
| Serbia | 2022 | -3.3 % | -4.6 |
| Slovakia | 2022 | -2 % | -5.4 |
| Slovenia | 2022 | -3 % | -4.6 |
| Sweden | 2022 | 0.7 % | 0 |
| Switzerland | 2022 | 1 % | -0.3 |
| Turkey | 2022 | -0.9 % | -2.8 |
| Ukraine | 2022 | -16.3 % | -3.4 |
| United Kingdom | 2022 | -5.5 % | -5.2 |
| Albania | 2022 | -3.8 % | -4.5 |
| Bosnia and Herzegovina | 2022 | -0.4 % | -0.3 |
| Kosovo | 2021 | -0.9 % | -7.6 |
