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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)

Government Budget Value
                     Norway - Historical Data (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)

Government Spending
                     Norway - Historical Data (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)

Government Revenues
                     Norway - Historical Data (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 (%)

Government Budget to GDP
                     Norway - Historical Data (%)

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 (%)

Government Spending to GDP
                     Norway - Historical Data (%)

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