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Norway Government Budget: Revenues and Spending

Norway Government Budget Data

Indicator Data Period
Government Budget Value 343418 NOK Million | 33.625 B USD 3Q/22
Government Spending 236532 NOK Million | 23.159 B USD 3Q/22
Government Revenues 718838 NOK Million | 70.383 B USD 3Q/22
Government Budget to GDP 9.1 % 2021
Government Spending to GDP 49.2 % 2021


Latest data on Government Budget Value (NOK Million)

Government Budget Value
                     Norway - Historical Data (NOK Million)

How much is Norway Government Budget?

  • The surplus of government budget in Norway increased to 343418 NOK Million (33.625 B USD) in the third quarter of 2022. 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
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
-68164 2Q/21 28.08.2021
-96018 1Q/21 22.05.2021
-68692 4Q/20 10.04.2021


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)

Government Spending
                     Norway - Historical Data (NOK Million)

What is current Norway Government Spending?

  • Government Spending in Norway decreased to 236532 NOK Million (23.159 B USD) in the third quarter of 2022. 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
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
220854 2Q/21 21.08.2021
216517 1Q/21 13.05.2021
220461 4Q/20 12.02.2021


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)

Government Revenues
                     Norway - Historical Data (NOK Million)

How much is Norway Government Revenue?

  • Government Revenues in Norway increased to 718838 NOK Million (70.383 B USD) in the third quarter of 2022. 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
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
324179 2Q/21 28.08.2021
340618 1Q/21 22.05.2021
326884 4Q/20 10.04.2021


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 (%)

Government Budget to GDP
                     Norway - Historical Data (%)

What is the deficit of Norway Government Budget?

  • The deficit of Current Account to GDP in Norway increased to 9.1 % in 2021. The maximum surplus was 18.6 % and deficit was 3.1 %.
  • Data published Yearly by Statistics.

Historical Data (%) by years

Data
Period
Date
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 (%)

Government Spending to GDP
                     Norway - Historical Data (%)

What is Norway government spending ratio to GDP?

  • Government Spending to GDP in Norway decreased to 49.2 % in 2021. The maximum level was 58.4 % and minimum was 40.6 %.
  • Data published Yearly by Eurostat.

Historical Data (%) by years

Data
Period
Date
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 2021 43.2 % 45.9
Fiscal Expenditure  3Q/22 36.758 B USD 42.188
Military Expenditure 2021 8.252 B USD 7.27

Government Budget to GDP in other countries

Country Updated Actual Previous
Austria 2021 -5.9 % -8
Ireland 2021 -1.7 % -5
Luxembourg 2021 0.8 % -3.4
Spain 2021 -6.9 % -10.3
Iceland 2021 -8.9 % -8.7
Norway 2021 9.1 % -2.6
Belarus 2021 -0.3 % -1.3
Belgium 2021 -5.5 % -9
Bulgaria 2021 -3.9 % -3.8
Croatia 2021 -2.6 % -7.3
Cyprus 2021 -1.7 % -5.8
Czech Republic 2021 -5.1 % -5.8
Denmark 2021 3.6 % 0.2
Estonia 2021 -2.4 % -5.6
Euro Area 2021 -5.1 % -7.1
Finland 2021 -2.7 % -5.5
France 2021 -6.5 % -8.9
Germany 2022 -2.6 % -3.7
Greece 2021 -7.4 % -10.2
Hungary 2022 -6.1 % -6.8
Italy 2021 -7.2 % -9.6
Latvia 2021 -7 % -4.3
Lithuania 2021 -1 % -7.3
Macedonia 2021 -5.4 % -8.1
Malta 2021 -7.8 % -9.5
Moldova 2021 -1.9 % -5.3
Montenegro 2021 -2.03 % -10.1
Netherlands 2021 -2.6 % -3.7
Poland 2021 -1.8 % -6.9
Portugal 2021 -2.9 % -5.8
Romania 2021 -7.1 % -9.2
Russia 2022 -2.3 % 0.8
Serbia 2021 -4.6 % -8.3
Slovakia 2021 -5.5 % -5.4
Slovenia 2021 -4.7 % -7.7
Sweden 2021 -0.1 % -2.8
Switzerland 2021 -0.7 % -3.2
Turkey 2021 -2.7 % -3.5
Ukraine 2021 -3.4 % -5.3
United Kingdom 2021 -5.4 % -15
Albania 2021 -4.8 % -6.8
Bosnia and Herzegovina 2021 -0.3 % -5.3
Kosovo 2021 -0.9 % -9.9