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Norway Government Budget: Revenues and Spending

Norway Government Budget Data

Indicator Data Period
Government Budget Value -96018 NOK Million | -11.074 B USD 1Q/21
Government Spending 216517 NOK Million | 24.972 B USD 1Q/21
Government Revenues 340618 NOK Million | 39.285 B USD 1Q/21
Government Budget to GDP 6.4 % 2019
Government Spending to GDP 58.4 % 2020


Latest data on Government Budget Value (NOK Million)

Government Budget Value
                     Norway - Historical Data (NOK Million)

How much is Norway Government Budget?

  • The deficit of government budget in Norway decreased to 96018 NOK Million (11.074 B USD) in the first quarter of 2021. 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
-96018 1Q/21 22.05.2021
-68692 4Q/20 10.04.2021
-58321 3Q/20 14.11.2020
-114258 2Q/20 29.08.2020
-22430 1Q/20 23.05.2020
6390 4Q/19 28.03.2020
-8458 3Q/19 09.11.2019
28419 2Q/19 29.10.2019


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 216517 NOK Million (24.972 B USD) in the first quarter of 2021. 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
216517 1Q/21 13.05.2021
220461 4Q/20 12.02.2021
214614 3Q/20 18.11.2020
200976 2Q/20 25.08.2020
207825 1Q/20 12.05.2020
205596 4Q/19 07.02.2020
206207 3Q/19 12.11.2019
204763 2Q/19 29.10.2019


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 340618 NOK Million (39.285 B USD) in the first quarter of 2021. 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
340618 1Q/21 22.05.2021
326884 4Q/20 10.04.2021
302533 3Q/20 14.11.2020
297964 2Q/20 29.08.2020
361447 1Q/20 23.05.2020
354820 4Q/19 28.03.2020
314098 3Q/19 09.11.2019
378600 2Q/19 29.10.2019


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 surplus of Current Account to GDP in Norway decreased to 6.4 % in 2019. The maximum surplus was 18.6 % and deficit was 3.1 %.
  • Data published Yearly by Statistics.

Historical Data (%) by years

Data
Period
Date
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 increased to 58.4 % in 2020. The maximum level was 58.4 % and minimum was 40.6 %.
  • Data published Yearly by Eurostat.

Historical Data (%) by years

Data
Period
Date
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 2019 40.6 % 39.4
Fiscal Expenditure  1Q/21 50.359 B USD 45.624
Military Expenditure 2020 7.514 B USD 7.52

Government Budget to GDP in other countries

Country Updated Actual Previous
Austria 2020 -8.9 % 0.6
Ireland 2020 -5 % 0.5
Luxembourg 2020 -4.1 % 2.4
Spain 2020 -11 % -2.9
Iceland 2020 -7.3 % -1.5
Norway 2019 6.4 % 7.8
Belarus 2020 -2.6 % 2.3
Belgium 2020 -9.4 % -1.9
Bulgaria 2020 -3.4 % 2.1
Croatia 2020 -7.4 % 0.3
Cyprus 2020 -5.7 % 1.5
Czech Republic 2020 -6.2 % 0.3
Denmark 2020 -1.1 % 3.8
Estonia 2020 -4.9 % 0.1
Euro Area 2020 -7.2 % -0.6
Finland 2020 -5.4 % -0.9
France 2020 -9.2 % -3.1
Germany 2020 -4.2 % 1.5
Greece 2020 -9.7 % 1.1
Hungary 2020 -8.1 % -2.1
Italy 2020 -9.5 % -1.6
Latvia 2020 -4.5 % -0.6
Lithuania 2020 -7.4 % 0.5
Macedonia 2019 -2 % -1.7
Malta 2020 -10.1 % 0.4
Moldova 2019 -1.4 % -0.8
Montenegro 2019 -2 % -4.6
Netherlands 2020 -4.3 % 1.8
Poland 2020 -7 % -0.7
Portugal 2020 -5.7 % 0.1
Romania 2020 -9.2 % -4.4
Russia 2020 -3.8 % 1.8
Serbia 2019 0.2 % 0.6
Slovakia 2020 -6.2 % -1.3
Slovenia 2020 -8.4 % 0.4
Sweden 2020 -3.1 % 0.6
Switzerland 2020 -2.6 % 1.4
Turkey 2020 -3.4 % -2.9
Ukraine 2019 -2.1 % -1.9
United Kingdom 2021 -16.9 % -2.6
Albania 2019 -1.9 % -1.6
Bosnia and Herzegovina 2019 1.9 % 2.2
Kosovo 2019 -0.3 % -2.5