Norway External Debt: % of GDP

2003 - 2021 | Yearly | % | CEIC Data

Key information about Norway External Debt: % of GDP

  • Norway External Debt accounted for 152.8 % of the country's Nominal GDP in 2021, compared with the ratio of 178.4 % in the previous year.
  • Norway External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2021.
  • The data reached an all-time high of 178.4 % in Dec 2020 and a record low of 95.4 % in Dec 2004.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. Statistics Norway provides External Debt in local currency based on BPM6 and Nominal GDP in local currency. External Debt prior to 2012 is based on BPM5.


Related information about Norway External Debt: % of GDP

  • In the latest reports of Norway, Current Account recorded a surplus of 57.0 USD bn in Sep 2022.
  • Foreign Direct Investment (FDI) increased by 4.3 USD bn in Sep 2022.
  • Norway Direct Investment Abroad expanded by 10.9 USD bn in Sep 2022.
  • Its Foreign Portfolio Investment increased by 8.2 USD bn in Sep 2022.
  • The country's External Debt reached 733,211.0 in Sep 2022.
  • The country's Nominal GDP was reported at 156.5 USD bn in Sep 2022.

View Norway's External Debt: % of GDP from 2003 to 2021 in the chart:

Norway External Debt: % of GDP

What was Norway's External Debt: % of GDP in 2021?

Norway External Debt accounted for 152.8 % of the country's Nominal GDP in 2021, compared with the ratio of 178.4 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
152.8 2021 178.4 2020 95.4 2004 178.4 2020 % yearly 2003 - 2021

External Debt: % of GDP by Country Comparison

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Includes External Debt: % of GDP on 109 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 63.2 2021 yearly 1991 - 2021
Algeria (%) 1.9 2021 yearly 1970 - 2021
Argentina (%) 56.6 2021 yearly 1994 - 2021
Armenia (%) 99.9 2021 yearly 2000 - 2021
Australia (%) 115.3 2021 yearly 1988 - 2021
Austria (%) 163.3 2021 yearly 1997 - 2021
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 57.7 Sep 2022 quarterly Dec 2000 - Sep 2022
Belgium (%) 258.5 2021 yearly 2007 - 2021
Bolivia (%) 38.8 2020 yearly 2006 - 2020
Bosnia and Herzegovina (%) 24.4 2021 yearly 1999 - 2021
Botswana (%) 8.0 2022 yearly 1995 - 2022
Brazil (%) 34.4 2021 yearly 1992 - 2021
Bulgaria (%) 58.4 2021 yearly 1999 - 2021
Cambodia (%) 75.1 2021 yearly 2010 - 2021
Canada (%) 135.5 2021 yearly 1990 - 2021
Chile (%) 75.4 2021 yearly 1971 - 2021
China (%) 15.4 2021 yearly 1985 - 2021
Colombia (%) 54.6 2021 yearly 1970 - 2021
Croatia (%) 77.5 2021 yearly 1998 - 2021
Cyprus (%) 699.5 2021 yearly 2004 - 2021
Czech Republic (%) 73.2 2021 yearly 1995 - 2021
Denmark (%) 151.0 2021 yearly 2005 - 2021
Ecuador (%) 54.1 2021 yearly 1970 - 2021
Egypt (%) 32.6 Jun 2022 quarterly Jun 1999 - Jun 2022
Estonia (%) 84.7 2021 yearly 1996 - 2021
European Union (%) 129.2 2021 yearly 2008 - 2021
Finland (%) 208.1 2021 yearly 1991 - 2021
France (%) 256.2 2021 yearly 2004 - 2021
Georgia (%) 117.8 2021 yearly 1999 - 2021
Germany (%) 169.4 2021 yearly 1999 - 2021
Ghana (%) 35.8 2021 yearly 1999 - 2021
Greece (%) 305.3 2021 yearly 2003 - 2021
Hong Kong SAR, China (%) 508.5 2021 yearly 2001 - 2021
Hungary (%) 157.7 2021 yearly 2006 - 2021
Iceland (%) 84.8 2021 yearly 1989 - 2021
India (%) 19.9 2022 yearly 1970 - 2022
Indonesia (%) 35.0 2021 yearly 2003 - 2021
Iran (%) 0.9 2021 yearly 1994 - 2021
Ireland (%) 681.1 2021 yearly 2002 - 2021
Israel (%) 33.1 2021 yearly 1998 - 2021
Italy (%) 138.0 2021 yearly 2002 - 2021
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 96.4 2021 yearly 2003 - 2021
Jordan (%) 85.7 2021 yearly 1970 - 2021
Kazakhstan (%) 74.7 Sep 2022 quarterly Mar 2002 - Sep 2022
Kenya (%) 34.5 2021 yearly 2006 - 2021
South Korea (%) 34.9 2021 yearly 1994 - 2021
Kosovo (%) 37.4 2021 yearly 2007 - 2021
Kuwait (%) 58.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 106.1 2021 yearly 2003 - 2021
Laos (%) 53.8 2021 yearly 1996 - 2021
Latvia (%) 101.5 Sep 2022 quarterly Mar 2000 - Sep 2022
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 77.0 2021 yearly 1996 - 2021
Luxembourg (%) 4,874.0 2021 yearly 2002 - 2021
North Macedonia (%) 81.9 2021 yearly 2004 - 2021
Malawi (%) 39.4 2014 yearly 2006 - 2014
Malaysia (%) 70.0 2021 yearly 2009 - 2021
Malta (%) 620.7 2021 yearly 2004 - 2021
Mauritius (%) 2,070.9 2021 yearly 2009 - 2021
Mexico (%) 47.1 2021 yearly 2002 - 2021
Moldova (%) 64.1 2021 yearly 2000 - 2021
Mongolia (%) 221.1 2021 yearly 1992 - 2021
Montenegro (%) 180.1 2021 yearly 2006 - 2021
Morocco (%) 46.9 2021 yearly 1970 - 2021
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 412.2 2021 yearly 2003 - 2021
New Zealand (%) 87.2 2021 yearly 1993 - 2021
Nigeria (%) 8.8 2021 yearly 1985 - 2021
Norway (%) 152.8 2021 yearly 2003 - 2021
Pakistan (%) 34.5 2022 yearly 2000 - 2022
Palestinian Territory (%) 11.9 2021 yearly 2012 - 2021
Panama (%) 177.4 2021 yearly 2014 - 2021
Paraguay (%) 51.9 2021 yearly 2000 - 2021
Peru (%) 45.2 2021 yearly 1980 - 2021
Philippines (%) 27.0 2021 yearly 1990 - 2021
Poland (%) 56.6 2021 yearly 1995 - 2021
Portugal (%) 190.6 2021 yearly 1996 - 2021
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 56.6 2021 yearly 1995 - 2021
Russia (%) 26.2 2021 yearly 1993 - 2021
Serbia (%) 68.5 2021 yearly 2000 - 2021
Singapore (%) 448.3 2021 yearly 2003 - 2021
Slovakia (%) 135.1 2021 yearly 1995 - 2021
Slovenia (%) 97.3 2021 yearly 2001 - 2021
South Africa (%) 38.3 2021 yearly 1985 - 2021
Spain (%) 192.9 2021 yearly 1995 - 2021
Sri Lanka (%) 57.7 2020 yearly 1998 - 2020
Sudan (%) 105.1 2020 yearly 2001 - 2020
Sweden (%) 170.4 2021 yearly 1997 - 2021
Switzerland (%) 295.8 2021 yearly 1999 - 2021
Taiwan (%) 27.5 2021 yearly 1999 - 2021
Tajikistan (%) 40.6 2020 yearly 2000 - 2020
Thailand (%) 37.0 Sep 2022 quarterly Mar 2005 - Sep 2022
Tunisia (%) 94.6 2021 yearly 2002 - 2021
Turkey (%) 54.2 2021 yearly 1989 - 2021

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Norway Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 24.1 Sep 2022 quarterly Dec 2002 - Sep 2022
Consolidated Fiscal Balance (USD mn) 47,194.815 Sep 2022 quarterly Mar 2002 - Sep 2022
Tax Revenue (USD mn) 57,372.619 Sep 2022 quarterly Mar 2002 - Sep 2022
Tax Revenue: % of GDP (%) 37.0 Sep 2022 quarterly Mar 2002 - Sep 2022
National Government Debt (USD mn) 203,080.5 2021 yearly 1995 - 2021
Government Debt: % of GDP (%) 42.5 2021 yearly 1995 - 2021
Forecast: Government Expenditure (NOK bn) 2,613.030 2027 yearly 1980 - 2027
Forecast: Government Net Debt (NOK bn) 1,998.530 2027 yearly 1980 - 2027
Forecast: Government Revenue (NOK bn) 3,258.020 2027 yearly 1980 - 2027
General Govt Taxes: GS: Value Added Tax (NOK mn) 338,000.000 2021 yearly 1995 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.072 2027 yearly 1980 - 2027
Trade Balance (USD mn) 15,058.0 Dec 2022 monthly Jan 1957 - Dec 2022
Total Exports (USD mn) 24,265.8 Dec 2022 monthly Jan 1975 - Dec 2022
Total Exports Growth (%) 28.1 Dec 2022 monthly Jan 1976 - Dec 2022
Aluminum: Exports (USD th) 5,091,821.627 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 443,351.704 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 276,258.280 2021 yearly 1995 - 2021
Total Imports (USD mn) 9,207.8 Dec 2022 monthly Jan 1976 - Dec 2022
Total Imports Growth (%) 14.7 Dec 2022 monthly Jan 1977 - Dec 2022
Imports: Medicament (USD th) 1,827,766.645 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 695,675.854 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 474.406 Dec 2022 monthly Jan 1988 - Dec 2022
Total Imports from USA (USD mn) 576.588 Dec 2022 monthly Apr 1963 - Dec 2022
Total Exports to China (USD mn) 262.266 Dec 2022 monthly Mar 1977 - Dec 2022
Total Imports from China (USD mn) 1,056.862 Dec 2022 monthly Apr 1963 - Dec 2022
Exports (NOK mn) 239,749.000 Dec 2022 monthly Jan 1975 - Dec 2022
Exports: Crude Oil (NOK mn) 39,156.000 Dec 2022 monthly Jan 1974 - Dec 2022
Imports (NOK mn) 90,974.000 Dec 2022 monthly Jan 1976 - Dec 2022
Exports: Netherlands (NOK th) 12,922,799.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: Sweden (NOK th) 13,717,804.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: France (NOK th) 16,192,082.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: United Kingdom (NOK th) 60,268,842.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: Germany (NOK th) 63,907,171.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Chemical and Related Product (NOK th) 7,488,547.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Manufactured Goods (NOK th) 11,311,706.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 191,718,005.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Food and Live Animals (NOK th) 14,317,986.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 8,528,216.000 Dec 2022 monthly Jan 1988 - Dec 2022
Import Volume Index: Animal and Vegetable Oil and Fats (2000=100) 308.300 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: Machinery and Transport Equipment (2000=100) 197.800 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index (2000=100) 187.800 Jun 2022 quarterly Mar 1989 - Jun 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 10,879.7 Sep 2022 quarterly Mar 1994 - Sep 2022
Current Account Balance (USD mn) 57,026.3 Sep 2022 quarterly Mar 1981 - Sep 2022
Current Account Balance: % of GDP (%) 36.8 Sep 2022 quarterly Mar 1981 - Sep 2022
Foreign Direct Investment (USD mn) 4,334.2 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Direct Investment: % of GDP (%) 2.8 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Portfolio Investment (USD mn) 8,203.770 Sep 2022 quarterly Mar 1994 - Sep 2022
Foreign Portfolio Investment: % of GDP (%) 5.3 Sep 2022 quarterly Mar 1994 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 171.2 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 8,032.562 Sep 2022 quarterly Mar 2005 - Sep 2022
External Debt (USD mn) 733,211.0 Sep 2022 quarterly Mar 2003 - Sep 2022
External Debt: % of GDP (%) 152.8 2021 yearly 2003 - 2021
External Debt: Short Term (USD mn) 332,699.6 Sep 2022 quarterly Mar 2012 - Sep 2022
External Debt: Short Term: % of GDP (%) 57.9 2021 yearly 2012 - 2021
Total Debt: % of GDP (%) 548.6 Jun 2022 quarterly Dec 1995 - Jun 2022
Forecast: Current Account Balance (USD bn) 32.931 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 1,060,667.869 Sep 2022 quarterly Mar 2012 - Sep 2022
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) 35,867.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 52,556.000 Sep 2022 quarterly Mar 1981 - Sep 2022
BoP: Financial Account (FA): Foreign Assets (NOK mn) 1,071,314.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Liabilities (NOK mn) 526,258.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: BI: Net Current Transfers (NOK mn) -14,443.000 Sep 2022 quarterly Mar 1981 - Sep 2022
BoP: FA: Foreign Assets: Other Investments (NOK mn) 439,744.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 400,811.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 486,847.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 82,082.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 108,856.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) 43,365.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: Current Account Balance (NOK mn) 570,571.000 Sep 2022 quarterly Mar 1981 - Sep 2022
IIP: Foreign Liabilities (NOK mn) 10,636,454.000 Sep 2022 quarterly Mar 2012 - Sep 2022
IIP: Foreign Assets (NOK mn) 22,167,929.000 Sep 2022 quarterly Mar 2012 - Sep 2022
Gross External Debt (NOK mn) 7,971,397.000 Sep 2022 quarterly Mar 2012 - Sep 2022
Gross Debt: External Loan Debt: General Public (NOK mn) 1,222,575.000 Dec 2018 quarterly Dec 2015 - Dec 2018
Foreign Direct Investment: Stock (NOK mn) 1,453,884.000 2021 yearly 2004 - 2021
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 238,425.000 2020 yearly 1998 - 2020
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 3,813.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 184,148.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 15,219.000 2021 yearly 2004 - 2021
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 87,288.000 2021 yearly 1998 - 2021
No of Bankruptcies: SIC 2007 (Unit) 1,006.000 Dec 2022 quarterly Mar 2006 - Dec 2022
No of New Registered Enterprises (Unit) 17,119.000 Sep 2022 quarterly Mar 2001 - Sep 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 2021 yearly 1990 - 2021
Household Debt: % of GDP (%) 89.2 Jun 2022 quarterly Dec 1995 - Jun 2022
Money Supply M1 (USD mn) 285,737.168 Dec 2022 monthly Dec 1992 - Dec 2022
Money Supply M2 (USD mn) 311,967.883 Dec 2022 monthly Dec 1992 - Dec 2022
M2 Growth (%) 5.6 Dec 2022 monthly Dec 1993 - Dec 2022
Reserve Requirement Ratio (%) 1.8 Jan 2023 monthly Oct 2011 - Jan 2023
Foreign Exchange Reserves (USD mn) 64,070.3 Dec 2022 monthly Jan 1999 - Dec 2022
Foreign Exchange Reserves: % of GDP (%) 13.903 Sep 2022 quarterly Mar 1999 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 6.9 Dec 2022 monthly Jan 1999 - Dec 2022
Gold Reserves (USD mn) 0.000 Dec 2022 monthly Dec 1959 - Dec 2022
Total Deposits (USD mn) 487,021.730 Nov 2022 monthly May 2009 - Nov 2022
Total Deposits Growth (%) 5.7 Nov 2022 monthly May 2010 - Nov 2022
Domestic Credit (USD mn) 710,615.4 Dec 2022 monthly Dec 1985 - Dec 2022
Domestic Credit Growth (%) 5.6 Dec 2022 monthly Dec 1986 - Dec 2022
Debt Service Ratio: Households (%) 12.600 Jun 2022 quarterly Mar 1999 - Jun 2022
Debt Service Ratio: Private Non-Financial Sector (%) 23.600 Jun 2022 quarterly Mar 1999 - Jun 2022
Credit to Households (USD bn) 421.488 Jun 2022 quarterly Mar 1975 - Jun 2022
Credit to Private Non-Financial Sector (USD bn) 1,017.119 Jun 2022 quarterly Dec 1953 - Jun 2022
Household Debt (USD mn) 449,163.7 Jun 2022 quarterly Dec 1995 - Jun 2022
Total Loans (USD mn) 682,319.926 Sep 2022 monthly Mar 1996 - Sep 2022
Total Loans Growth (%) 7.56 Sep 2022 monthly Mar 1997 - Sep 2022
Private Debt: % of Nominal GDP (%) 105.99 Sep 2022 quarterly Mar 1996 - Sep 2022
Monetary Aggregates: M3: M2: M1 (NOK mn) 2,811,368.000 Dec 2022 monthly Dec 1992 - Dec 2022
Monetary Aggregates: Base Money (NOK mn) 66,597.000 Dec 2022 monthly Jan 1900 - Dec 2022
Monetary Aggregates: M3 (NOK mn) 3,073,399.000 Dec 2022 monthly Jan 2008 - Dec 2022
Monetary Aggregates: M3: M2 (NOK mn) 3,069,452.000 Dec 2022 monthly Dec 1992 - Dec 2022
Monetary Aggregates: M3: sa (NOK mn) 3,109,611.000 Dec 2022 monthly Jan 2008 - Dec 2022
Official Reserve Assets (NOK mn) 717,006.000 Dec 2022 monthly Jan 1999 - Dec 2022
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 611,691.000 Dec 2022 monthly Jan 1999 - Dec 2022
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Bank Deposits (NOK mn) 4,840,996.000 Nov 2022 monthly May 2009 - Nov 2022
Loans: Banks (NOK mn) 4,520,636.000 Nov 2022 monthly Jan 1996 - Nov 2022
Domestic Debt C2 (NOK mn) 6,991,745.000 Dec 2022 monthly Dec 1985 - Dec 2022
Non Performing Loans Ratio: Enterprises (%) 0.700 2021 yearly 1990 - 2021
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -14.8 Jan 2023 monthly Feb 2005 - Jan 2023
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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