Norway External Debt: % of GDP

2003 - 2022 | Yearly | % | CEIC Data

Key information about Norway External Debt: % of GDP

  • Norway External Debt accounted for 135.8 % of the country's Nominal GDP in 2022, compared with the ratio of 152.7 % in the previous year.
  • Norway External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2022.
  • 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 27.3 USD bn in Mar 2023.
  • Foreign Direct Investment (FDI) fell by 1.8 USD bn in Jun 2023.
  • Norway Direct Investment Abroad expanded by 1.1 USD bn in Jun 2023.
  • Its Foreign Portfolio Investment fell by 4.2 USD bn in Jun 2023.
  • The country's External Debt reached 737,752.2 in Jun 2023.
  • The country's Nominal GDP was reported at 128.6 USD bn in Mar 2023.

View Norway's External Debt: % of GDP from 2003 to 2022 in the chart:

Norway External Debt: % of GDP

What was Norway's External Debt: % of GDP in 2022?

Norway External Debt accounted for 135.8 % of the country's Nominal GDP in 2022, compared with the ratio of 152.7 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
135.8 2022 152.7 2021 95.4 2004 178.4 2020 % yearly 2003 - 2022

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 (%) 54.3 2022 yearly 1991 - 2022
Algeria (%) 1.9 2021 yearly 1970 - 2021
Argentina (%) 44.9 2022 yearly 1994 - 2022
Armenia (%) 78.2 2022 yearly 2000 - 2022
Australia (%) 117.2 2022 yearly 1988 - 2022
Austria (%) 149.2 2022 yearly 1997 - 2022
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 48.9 Jun 2023 quarterly Dec 2000 - Jun 2023
Belgium (%) 237.9 2022 yearly 2007 - 2022
Bolivia (%) 35.2 2022 yearly 2006 - 2022
Bosnia and Herzegovina (%) 20.8 2022 yearly 1999 - 2022
Botswana (%) 7.3 2023 yearly 1995 - 2023
Brazil (%) 30.0 2022 yearly 1992 - 2022
Bulgaria (%) 51.6 2022 yearly 1999 - 2022
Cambodia (%) 75.6 2022 yearly 2010 - 2022
Canada (%) 128.8 2022 yearly 1990 - 2022
Chile (%) 77.4 2022 yearly 1971 - 2022
China (%) 13.6 2022 yearly 1985 - 2022
Colombia (%) 53.4 2022 yearly 1970 - 2022
Croatia (%) 75.0 2022 yearly 1998 - 2022
Cyprus (%) 609.6 2022 yearly 2004 - 2022
Czech Republic (%) 65.6 2022 yearly 1995 - 2022
Denmark (%) 122.9 2022 yearly 2005 - 2022
Ecuador (%) 52.2 2022 yearly 1970 - 2022
Egypt (%) 40.3 Jun 2023 quarterly Jun 1999 - Jun 2023
Estonia (%) 84.7 2022 yearly 1996 - 2022
European Union (%) 116.8 2022 yearly 2008 - 2022
Finland (%) 214.7 2022 yearly 1991 - 2022
France (%) 245.8 2022 yearly 2004 - 2022
Georgia (%) 94.6 2022 yearly 1999 - 2022
Germany (%) 155.8 2022 yearly 1999 - 2022
Ghana (%) 35.7 2021 yearly 1999 - 2021
Greece (%) 263.2 2022 yearly 2003 - 2022
Hong Kong SAR, China (%) 503.8 2022 yearly 2001 - 2022
Hungary (%) 152.6 2022 yearly 2006 - 2022
Iceland (%) 78.9 2022 yearly 1989 - 2022
India (%) 18.9 2023 yearly 1970 - 2023
Indonesia (%) 30.1 2022 yearly 2003 - 2022
Iran (%) 0.5 2022 yearly 1994 - 2022
Ireland (%) 577.2 2022 yearly 2002 - 2022
Israel (%) 29.1 2022 yearly 1998 - 2022
Italy (%) 129.0 2022 yearly 2002 - 2022
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 104.6 2022 yearly 2003 - 2022
Jordan (%) 80.1 2022 yearly 1970 - 2022
Kazakhstan (%) 67.1 Jun 2023 quarterly Mar 2002 - Jun 2023
Kenya (%) 35.0 2022 yearly 2006 - 2022
South Korea (%) 39.8 2022 yearly 1994 - 2022
Kosovo (%) 38.4 2022 yearly 2007 - 2022
Kuwait (%) 58.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 84.4 2022 yearly 2003 - 2022
Laos (%) 68.0 2022 yearly 1996 - 2022
Latvia (%) 98.8 Jun 2023 quarterly Mar 2000 - Jun 2023
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 67.6 2022 yearly 1996 - 2022
Luxembourg (%) 4,521.9 2022 yearly 2002 - 2022
North Macedonia (%) 83.7 2022 yearly 2004 - 2022
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 63.9 2022 yearly 2009 - 2022
Malta (%) 984.0 2022 yearly 2004 - 2022
Mauritius (%) 1,436.0 2022 yearly 2009 - 2022
Mexico (%) 39.7 2022 yearly 2002 - 2022
Moldova (%) 65.6 2022 yearly 2000 - 2022
Mongolia (%) 194.5 2022 yearly 1992 - 2022
Montenegro (%) 180.1 2021 yearly 2006 - 2021
Morocco (%) 50.9 2022 yearly 1970 - 2022
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 374.5 2022 yearly 2003 - 2022
New Zealand (%) 85.1 2022 yearly 1993 - 2022
Nigeria (%) 8.9 2022 yearly 1985 - 2022
Norway (%) 135.8 2022 yearly 2003 - 2022
Pakistan (%) 36.5 2023 yearly 2000 - 2023
Palestinian Territory (%) 11.5 2022 yearly 2012 - 2022
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 53.7 2022 yearly 2000 - 2022
Peru (%) 41.8 2022 yearly 1980 - 2022
Philippines (%) 27.5 2022 yearly 1990 - 2022
Poland (%) 53.0 2022 yearly 1995 - 2022
Portugal (%) 166.0 2022 yearly 1996 - 2022
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 50.3 2022 yearly 1995 - 2022
Russia (%) 17.1 2022 yearly 1993 - 2022
Serbia (%) 69.4 2022 yearly 2000 - 2022
Singapore (%) 385.6 2022 yearly 2003 - 2022
Slovakia (%) 103.1 2022 yearly 1995 - 2022
Slovenia (%) 87.9 2022 yearly 2001 - 2022
South Africa (%) 40.5 2022 yearly 1985 - 2022
Spain (%) 193.4 2021 yearly 1995 - 2021
Sri Lanka (%) 74.7 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 170.5 2022 yearly 1997 - 2022
Switzerland (%) 272.8 2022 yearly 1999 - 2022
Taiwan (%) 26.5 2022 yearly 1999 - 2022
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 38.1 Jun 2023 quarterly Mar 2005 - Jun 2023
Tunisia (%) 92.1 2022 yearly 2002 - 2022
Turkey (%) 51.3 2022 yearly 1989 - 2022

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Norway Key Series

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Includes 252 key indicators for Norway, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 24.0 Jun 2023 quarterly Dec 2002 - Jun 2023
Consolidated Fiscal Balance (USD mn) 21,364.769 Jun 2023 quarterly Mar 2002 - Jun 2023
Tax Revenue (USD mn) 39,706.155 Mar 2023 quarterly Mar 2002 - Mar 2023
Tax Revenue: % of GDP (%) 31.9 Jun 2023 quarterly Mar 2002 - Jun 2023
National Government Debt (USD mn) 211,756.9 2022 yearly 1995 - 2022
Government Debt: % of GDP (%) 37.4 2022 yearly 1995 - 2022
Forecast: Government Expenditure (NOK bn) 2,771.664 2028 yearly 1980 - 2028
Forecast: Government Net Debt (NOK bn) 2,191.302 2028 yearly 1980 - 2028
Forecast: Government Revenue (NOK bn) 3,394.141 2028 yearly 1980 - 2028
General Govt Taxes: GS: Value Added Tax (NOK mn) 370,700.000 2022 yearly 1995 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.276 2028 yearly 1980 - 2028
Trade Balance (USD mn) 7,882.6 Oct 2023 monthly Jan 1957 - Oct 2023
Total Exports (USD mn) 15,816.2 Oct 2023 monthly Jan 1975 - Oct 2023
Total Exports Growth (%) -9.0 Oct 2023 monthly Jan 1976 - Oct 2023
Aluminum: Exports (USD th) 6,135,979.913 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 448,682.646 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 277,185.408 2022 yearly 1995 - 2022
Total Imports (USD mn) 7,933.6 Oct 2023 monthly Jan 1976 - Oct 2023
Total Imports Growth (%) -6.8 Oct 2023 monthly Jan 1977 - Oct 2023
Imports: Medicament (USD th) 1,781,332.513 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,061,381.998 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 496.003 Oct 2023 monthly Jan 1988 - Oct 2023
Total Imports from USA (USD mn) 471.806 Oct 2023 monthly Apr 1963 - Oct 2023
Total Exports to China (USD mn) 272.475 Oct 2023 monthly Mar 1977 - Oct 2023
Total Imports from China (USD mn) 906.103 Oct 2023 monthly Apr 1963 - Oct 2023
Exports: Crude Oil (NOK mn) 49,539.000 Oct 2023 monthly Jan 1974 - Oct 2023
Imports (NOK mn) 87,447.000 Oct 2023 monthly Jan 1976 - Oct 2023
Exports (NOK mn) 174,332.000 Oct 2023 monthly Jan 1975 - Oct 2023
Exports: Netherlands (NOK th) 14,667,313.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: United Kingdom (NOK th) 30,040,800.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: Sweden (NOK th) 11,745,522.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: Germany (NOK th) 33,819,182.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: France (NOK th) 12,315,495.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: 1-Digit: Chemical and Related Product (NOK th) 6,865,606.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: 1-Digit: Food and Live Animals (NOK th) 18,361,339.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: 1-Digit: Manufactured Goods (NOK th) 10,380,381.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 120,643,274.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 10,804,639.000 Oct 2023 monthly Jan 1988 - Oct 2023
Import Volume Index: sa: Beverages and Tobacco (2000=100) 263.000 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: sa: Miscellaneous Manufactured Goods (2000=100) 142.900 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: sa: Animal and Vegetable Oil and Fats (2000=100) 364.300 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: Animal and Vegetable Oil and Fats (2000=100) 441.500 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: sa: Machinery and Transport Equipment (2000=100) 171.600 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: sa: Food and Live Animals (2000=100) 190.300 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: Food and Live Animals (2000=100) 193.800 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: Miscellaneous Manufactured Goods (2000=100) 145.100 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: Beverages and Tobacco (2000=100) 253.900 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: sa (2000=100) 169.100 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index: Machinery and Transport Equipment (2000=100) 163.500 Sep 2023 quarterly Mar 1989 - Sep 2023
Import Volume Index (2000=100) 165.400 Sep 2023 quarterly Mar 1989 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,148.7 Jun 2023 quarterly Mar 1994 - Jun 2023
Current Account Balance (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Current Account Balance: % of GDP (%) 14.4 Jun 2023 quarterly Mar 1981 - Jun 2023
Foreign Direct Investment (USD mn) -1,763.3 Jun 2023 quarterly Mar 2005 - Jun 2023
Foreign Direct Investment: % of GDP (%) -0.9 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Portfolio Investment (USD mn) -4,157.095 Jun 2023 quarterly Mar 1994 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) -3.7 Jun 2023 quarterly Mar 1994 - Jun 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,416.9 Jun 2023 quarterly Mar 2005 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -2,740.158 Jun 2023 quarterly Mar 2005 - Jun 2023
External Debt (USD mn) 737,752.2 Jun 2023 quarterly Mar 2003 - Jun 2023
External Debt: % of GDP (%) 135.8 2022 yearly 2003 - 2022
External Debt: Short Term (USD mn) 320,746.7 Jun 2023 quarterly Mar 2012 - Jun 2023
External Debt: Short Term: % of GDP (%) 58.8 2022 yearly 2012 - 2022
Total Debt: % of GDP (%) 535.6 Jun 2023 quarterly Dec 1995 - Jun 2023
Forecast: Current Account Balance (USD bn) 86.845 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 1,383,663.405 Jun 2023 quarterly Mar 2012 - Jun 2023
BoP: Financial Account (FA): Foreign Assets (NOK mn) 102,490.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 12,294.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 258,647.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Assets: Other Investments (NOK mn) -171,135.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) 2,684.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Liabilities (NOK mn) -160,624.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) -18,872.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) -44,492.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) -97,260.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 61,807.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: BI: Net Current Transfers (NOK mn) -24,571.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: Current Account Balance (NOK mn) 171,339.000 Jun 2023 quarterly Mar 1981 - Jun 2023
IIP: Foreign Assets (NOK mn) 25,416,092.000 Jun 2023 quarterly Mar 2012 - Jun 2023
IIP: Foreign Liabilities (NOK mn) 10,595,950.000 Jun 2023 quarterly Mar 2012 - Jun 2023
Gross External Debt (NOK mn) 7,901,916.000 Jun 2023 quarterly Mar 2012 - Jun 2023
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) 1,542,388.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 2,508.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 84,769.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 17,239.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 203,949.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 278,938.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
No of Bankruptcies: SIC 2007 (Unit) 946.000 Sep 2023 quarterly Mar 2006 - Sep 2023
No of New Registered Enterprises (Unit) 17,062.000 Sep 2023 quarterly Mar 2001 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 2022 yearly 1990 - 2022
Household Debt: % of GDP (%) 85.1 Jun 2023 quarterly Dec 1995 - Jun 2023
Money Supply M1 (USD mn) 257,067.240 Sep 2023 monthly Dec 1992 - Sep 2023
Money Supply M2 (USD mn) 291,321.056 Sep 2023 monthly Dec 1992 - Sep 2023
M2 Growth (%) -1.5 Sep 2023 monthly Dec 1993 - Sep 2023
Reserve Requirement Ratio (%) 3.3 Sep 2023 monthly Oct 2011 - Sep 2023
Foreign Exchange Reserves (USD mn) 69,196.1 Oct 2023 monthly Jan 1999 - Oct 2023
Foreign Exchange Reserves: % of GDP (%) 14.070 Jun 2023 quarterly Mar 1999 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 8.8 Oct 2023 monthly Jan 1999 - Oct 2023
Gold Reserves (USD mn) 0.000 Oct 2023 monthly Dec 1959 - Oct 2023
Total Deposits (USD mn) 457,309.760 Sep 2023 monthly May 2009 - Sep 2023
Total Deposits Growth (%) -1.5 Sep 2023 monthly May 2010 - Sep 2023
Domestic Credit (USD mn) 675,941.9 Sep 2023 monthly Dec 1985 - Sep 2023
Domestic Credit Growth (%) 4.1 Sep 2023 monthly Dec 1986 - Sep 2023
Debt Service Ratio: Households (%) 13.500 Mar 2023 quarterly Mar 1999 - Mar 2023
Debt Service Ratio: Private Non-Financial Sector (%) 25.800 Mar 2023 quarterly Mar 1999 - Mar 2023
Credit to Households (USD bn) 412.916 Mar 2023 quarterly Mar 1975 - Mar 2023
Credit to Private Non-Financial Sector (USD bn) 1,043.527 Mar 2023 quarterly Dec 1953 - Mar 2023
Household Debt (USD mn) 430,059.9 Jun 2023 quarterly Dec 1995 - Jun 2023
Total Loans (USD mn) 732,453.067 Sep 2023 monthly Mar 1996 - Sep 2023
Total Loans Growth (%) 5.34 Sep 2023 monthly Mar 1997 - Sep 2023
Private Debt: % of Nominal GDP (%) 111.09 Jun 2023 quarterly Mar 1996 - Jun 2023
Official Reserve Assets (NOK mn) 870,102.000 Oct 2023 monthly Jan 1999 - Oct 2023
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 695,213.000 Oct 2023 monthly Jan 1999 - Oct 2023
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Non Performing Loans Ratio: Enterprises (%) 0.500 2022 yearly 1990 - 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 5.7 Sep 2023 monthly Feb 2005 - Sep 2023
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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