Norway External Debt: % of GDP

2003 - 2020 | Yearly | % | CEIC Data

Norway External Debt accounted for 180.1 % of the country's Nominal GDP in 2020, compared with the ratio of 164.3 % in the previous year. Norway External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2020. The data reached an all-time high of 180.1 % in Dec 2020 and a record low of 95.7 % 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.

In the latest reports of Norway, Current Account recorded a surplus of 11.1 USD bn in Mar 2021. Foreign Direct Investment (FDI) increased by 260.5 USD mn in Mar 2021. Norway Direct Investment Abroad expanded by 3.2 USD bn in Mar 2021. Its Foreign Portfolio Investment increased by 6.1 USD bn in Mar 2021. The country's External Debt reached 710,685.0 in Mar 2021. The country's Nominal GDP was reported at 96.8 USD bn in Dec 2020.

View Norway's External Debt: % of GDP from 2003 to 2020 in the chart:

Norway External Debt: % of GDP

What was Norway's External Debt: % of GDP in 2020?

Last Previous Min Max Unit Frequency Range
180.1 2020 164.3 2019 95.7 2004 180.1 2020 % yearly 2003 - 2020

External Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 65.8 2020 yearly 1991 - 2020
Algeria (%) 2.2 2019 yearly 1970 - 2019
Argentina (%) 70.7 2020 yearly 1994 - 2020
Armenia (%) 102.3 2020 yearly 2000 - 2020
Australia (%) 129.6 2020 yearly 1988 - 2020
Austria (%) 164.1 2020 yearly 1997 - 2020
Azerbaijan (%) 20.7 Dec 2020 quarterly Dec 2001 - Dec 2020
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 70.2 Dec 2020 quarterly Dec 2000 - Dec 2020
Belgium (%) 268.6 2020 yearly 2007 - 2020
Bolivia (%) 33.0 2019 yearly 2006 - 2019
Bosnia and Herzegovina (%) 23.1 2019 yearly 1999 - 2019
Botswana (%) 7.8 2020 yearly 1995 - 2020
Brazil (%) 38.4 2020 yearly 1992 - 2020
Bulgaria (%) 63.4 2020 yearly 1999 - 2020
Cambodia (%) 69.9 2020 yearly 2010 - 2020
Canada (%) 142.8 2020 yearly 1990 - 2020
Chile (%) 82.4 2020 yearly 1971 - 2020
China (%) 16.3 2020 yearly 1985 - 2020
Colombia (%) 56.8 2020 yearly 1970 - 2020
Croatia (%) 87.9 2020 yearly 1998 - 2020
Cyprus (%) 908.4 2020 yearly 2004 - 2020
Czech Republic (%) 75.5 2020 yearly 1995 - 2020
Denmark (%) 157.0 2020 yearly 2005 - 2020
Ecuador (%) 57.4 2020 yearly 1970 - 2020
Egypt (%) 33.9 Sep 2020 quarterly Jun 1999 - Sep 2020
Estonia (%) 89.8 2020 yearly 1996 - 2020
European Union (%) 130.4 2020 yearly 2008 - 2020
Finland (%) 225.2 2020 yearly 1991 - 2020
France (%) 261.7 2020 yearly 2004 - 2020
Georgia (%) 129.6 2020 yearly 1999 - 2020
Germany (%) 165.2 2020 yearly 1999 - 2020
Ghana (%) 34.2 2020 yearly 1999 - 2020
Greece (%) 299.2 2020 yearly 2003 - 2020
Hong Kong SAR, China (%) 514.2 2020 yearly 2001 - 2020
Hungary (%) 160.2 2020 yearly 2006 - 2020
Iceland (%) 81.0 2020 yearly 1989 - 2020
India (%) 21.1 2021 yearly 1970 - 2021
Indonesia (%) 39.4 2020 yearly 2003 - 2020
Iran (%) 1.6 2020 yearly 1994 - 2020
Ireland (%) 713.4 2020 yearly 2002 - 2020
Israel (%) 32.9 2020 yearly 1998 - 2020
Italy (%) 140.7 2020 yearly 2002 - 2020
Ivory Coast (%) 24.0 2018 yearly 1994 - 2018
Japan (%) 92.8 2020 yearly 2003 - 2020
Jordan (%) 82.1 2020 yearly 1970 - 2020
Kazakhstan (%) 96.5 Dec 2020 quarterly Mar 2002 - Dec 2020
Kenya (%) 33.1 2019 yearly 2015 - 2019
South Korea (%) 33.3 2020 yearly 1994 - 2020
Kosovo (%) 37.0 2020 yearly 2007 - 2020
Kuwait (%) 50.2 2019 yearly 2014 - 2019
Kyrgyzstan (%) 112.4 2020 yearly 2003 - 2020
Laos (%) 52.6 2019 yearly 1996 - 2019
Latvia (%) 124.2 Dec 2020 quarterly Mar 2000 - Dec 2020
Lebanon (%) 62.8 2019 yearly 2007 - 2019
Lithuania (%) 74.2 2020 yearly 1996 - 2020
Luxembourg (%) 5,104.4 2020 yearly 2002 - 2020
North Macedonia (%) 80.2 2020 yearly 2004 - 2020
Malawi (%) 39.4 2014 yearly 2006 - 2014
Malaysia (%) 67.6 2020 yearly 2009 - 2020
Malta (%) 697.3 2020 yearly 2004 - 2020
Mauritius (%) 2,006.5 2020 yearly 2009 - 2020
Mexico (%) 42.8 2020 yearly 2002 - 2020
Moldova (%) 70.1 2020 yearly 2000 - 2020
Mongolia (%) 243.1 2020 yearly 1992 - 2020
Montenegro (%) 150.5 2019 yearly 2006 - 2019
Morocco (%) 53.6 2020 yearly 1970 - 2020
Mozambique (%) 71.8 2017 yearly 1985 - 2017
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 443.8 2020 yearly 2003 - 2020
New Zealand (%) 90.6 2020 yearly 1993 - 2020
Nigeria (%) 7.8 2020 yearly 1985 - 2020
Norway (%) 180.1 2020 yearly 2003 - 2020
Pakistan (%) 43.0 2020 yearly 2000 - 2020
Palestinian Territory (%) 35.4 2018 yearly 2012 - 2018
Panama (%) 156.8 2019 yearly 2014 - 2019
Paraguay (%) 53.7 2020 yearly 2000 - 2020
Peru (%) 43.4 2020 yearly 1980 - 2020
Philippines (%) 27.2 2020 yearly 1990 - 2020
Poland (%) 60.2 2020 yearly 1995 - 2020
Portugal (%) 202.7 2020 yearly 1996 - 2020
Qatar (%) 83.0 2010 yearly 2000 - 2010
Romania (%) 57.8 2020 yearly 1995 - 2020
Russia (%) 31.5 2020 yearly 1993 - 2020
Serbia (%) 61.5 2020 yearly 2000 - 2020
Singapore (%) 471.3 2020 yearly 2003 - 2020
Slovakia (%) 121.2 2020 yearly 1995 - 2020
Slovenia (%) 103.2 2020 yearly 2001 - 2020
South Africa (%) 56.5 2020 yearly 1985 - 2020
Spain (%) 199.4 2020 yearly 1995 - 2020
Sri Lanka (%) 61.1 2020 yearly 1994 - 2020
Sudan (%) 120.5 2019 yearly 2001 - 2019
Sweden (%) 164.2 2020 yearly 1997 - 2020
Switzerland (%) 284.6 2020 yearly 1999 - 2020
Taiwan (%) 28.4 2020 yearly 1999 - 2020
Tajikistan (%) 37.5 2020 yearly 2000 - 2020
Thailand (%) 36.7 Dec 2020 quarterly Mar 2005 - Dec 2020
Tunisia (%) 100.9 2020 yearly 2002 - 2020
Turkey (%) 62.8 2020 yearly 1989 - 2020
Ukraine (%) 80.8 2020 yearly 1993 - 2020

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.4 Dec 2020 quarterly Dec 2002 - Dec 2020
Consolidated Fiscal Balance (USD mn) -6,806.912 Dec 2020 quarterly Mar 2002 - Dec 2020
Tax Revenue (USD mn) 26,908.636 Dec 2020 quarterly Mar 2002 - Dec 2020
Tax Revenue: % of GDP (%) 27.3 Mar 2021 quarterly Mar 2002 - Mar 2021
National Government Debt (USD mn) 183,003.3 2020 yearly 1995 - 2020
Government Debt: % of GDP (%) 46.0 2020 yearly 1995 - 2020
Forecast: Government Expenditure (NOK bn) 2,303.270 2026 yearly 1980 - 2026
Forecast: Government Net Debt (NOK bn) 1,827.950 2026 yearly 1980 - 2026
Forecast: Government Revenue (NOK bn) 2,497.400 2026 yearly 1980 - 2026
General Govt Taxes: GS: Value Added Tax (NOK mn) 311,600.000 2020 yearly 1995 - 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.156 2026 yearly 1980 - 2026
Trade Balance (USD mn) 2,970.8 Jun 2021 monthly Jan 1957 - Jun 2021
Total Exports (USD mn) 11,620.1 Jun 2021 monthly Jan 1975 - Jun 2021
Total Exports Growth (%) 70.7 Jun 2021 monthly Jan 1976 - Jun 2021
Aluminum: Exports (USD th) 3,197,169.054 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 538,047.304 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 241,321.039 2020 yearly 1995 - 2020
Total Imports (USD mn) 8,649.3 Jun 2021 monthly Jan 1976 - Jun 2021
Total Imports Growth (%) 9.5 Jun 2021 monthly Jan 1977 - Jun 2021
Imports: Medicament (USD th) 1,743,317.637 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 670,516.422 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 244.717 Jan 2021 monthly Jan 1988 - Jan 2021
Total Imports from USA (USD mn) 483.470 Mar 2021 monthly Apr 1963 - Mar 2021
Total Exports to China (USD mn) 396.874 Apr 2021 monthly Mar 1977 - Apr 2021
Total Imports from China (USD mn) 862.616 Apr 2021 monthly Apr 1963 - Apr 2021
Exports (NOK mn) 97,877.000 Jun 2021 monthly Jan 1975 - Jun 2021
Exports: Crude Oil (NOK mn) 26,846.000 Jun 2021 monthly Jan 1974 - Jun 2021
Imports (NOK mn) 72,854.000 Jun 2021 monthly Jan 1976 - Jun 2021
Exports: Germany (NOK th) 16,041,985.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: France (NOK th) 5,651,253.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: United Kingdom (NOK th) 18,134,445.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: Sweden (NOK th) 7,728,477.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: Netherlands (NOK th) 9,812,240.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Chemical and Related Product (NOK th) 6,288,448.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 10,204,124.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Manufactured Goods (NOK th) 9,715,735.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Food and Live Animals (NOK th) 9,592,022.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 56,231,953.000 Jun 2021 monthly Jan 1988 - Jun 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3,217.1 Mar 2021 quarterly Mar 1994 - Mar 2021
Current Account Balance (USD mn) 11,080.9 Mar 2021 quarterly Mar 1981 - Mar 2021
Current Account Balance: % of GDP (%) 10.1 Mar 2021 quarterly Mar 1981 - Mar 2021
Foreign Direct Investment (USD mn) 260.5 Mar 2021 quarterly Mar 2005 - Mar 2021
Foreign Direct Investment: % of GDP (%) 0.2 Mar 2021 quarterly Mar 2005 - Mar 2021
Foreign Portfolio Investment (USD mn) 6,099.034 Mar 2021 quarterly Mar 1994 - Mar 2021
Foreign Portfolio Investment: % of GDP (%) 0.8 Dec 2020 quarterly Mar 1994 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 1,884.6 Dec 2020 quarterly Mar 2005 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) -1,069.491 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt (USD mn) 710,685.0 Mar 2021 quarterly Mar 2003 - Mar 2021
External Debt: % of GDP (%) 180.1 2020 yearly 2003 - 2020
External Debt: Short Term (USD mn) 270,537.2 Mar 2021 quarterly Mar 2012 - Mar 2021
External Debt: Short Term: % of GDP (%) 64.7 2020 yearly 2012 - 2020
Total Debt: % of GDP (%) 707.8 Dec 2020 quarterly Dec 1995 - Dec 2020
Forecast: Current Account Balance (USD bn) 15.548 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) 1,138,386.254 Dec 2020 quarterly Mar 2012 - Dec 2020
BoP: Financial Account (FA): Foreign Assets (NOK mn) 189,481.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Liabilities (NOK mn) 92,090.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: Current Account Balance (NOK mn) 94,301.000 Mar 2021 quarterly Mar 1981 - Mar 2021
BoP: FA: Foreign Assets: Other Investments (NOK mn) 262,878.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 37,969.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 30,611.000 Mar 2021 quarterly Mar 1981 - Mar 2021
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) -126,008.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 51,904.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) 25,233.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: BI: Net Current Transfers (NOK mn) -9,663.000 Mar 2021 quarterly Mar 1981 - Mar 2021
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 27,378.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) 2,217.000 Mar 2021 quarterly Mar 2005 - Mar 2021
IIP: Foreign Assets (NOK mn) 18,400,148.000 Mar 2021 quarterly Mar 2012 - Mar 2021
International Investment Position (IIP): Foreign Assets: Net (NOK mn) 10,017,688.000 Mar 2021 quarterly Mar 2012 - Mar 2021
IIP: Foreign Liabilities (NOK mn) 8,382,460.000 Mar 2021 quarterly Mar 2012 - Mar 2021
Gross External Debt (NOK mn) 6,063,991.000 Mar 2021 quarterly Mar 2012 - Mar 2021
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) 1,357,695.000 2019 yearly 2004 - 2019
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 110,085.000 2019 yearly 1998 - 2019
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 217,413.000 2019 yearly 1998 - 2019
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 230,733.000 2019 yearly 1998 - 2019
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 4,531.000 2019 yearly 1998 - 2019
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 33,115.000 2019 yearly 2004 - 2019
No of Bankruptcies: SIC 2007 (Unit) 839.000 Mar 2021 quarterly Mar 2006 - Mar 2021
No of New Registered Enterprises (Unit) 20,717.000 Mar 2021 quarterly Mar 2001 - Mar 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 2018 yearly 1990 - 2018
Household Debt: % of GDP (%) 120.1 Dec 2020 quarterly Dec 1995 - Dec 2020
Money Supply M1 (USD mn) 313,146.759 May 2021 monthly Dec 1992 - May 2021
Money Supply M2 (USD mn) 333,612.795 May 2021 monthly Dec 1992 - May 2021
M2 Growth (%) 9.0 Apr 2021 monthly Dec 1993 - Apr 2021
Reserve Requirement Ratio (%) -1.0 Jun 2021 monthly Oct 2011 - Jun 2021
Foreign Exchange Reserves (USD mn) 77,051.4 Jun 2021 monthly Jan 1999 - Jun 2021
Foreign Exchange Reserves: % of GDP (%) 18.021 Mar 2021 quarterly Mar 1999 - Mar 2021
Foreign Exchange Reserves: Months of Import (NA) 9.1 Jun 2021 monthly Jan 1999 - Jun 2021
Gold Reserves (USD mn) 0.000 Jun 2021 monthly Dec 1959 - Jun 2021
Total Deposits (USD mn) 527,508.925 May 2021 monthly May 2009 - May 2021
Total Deposits Growth (%) 9.2 Feb 2021 monthly May 2010 - Feb 2021
Domestic Credit (USD mn) 773,068.4 Apr 2021 monthly Dec 1985 - Apr 2021
Domestic Credit Growth (%) 4.4 Apr 2021 monthly Dec 1986 - Apr 2021
Debt Service Ratio: Households (%) 16.200 Sep 2020 quarterly Mar 1999 - Sep 2020
Debt Service Ratio: Private Non-Financial Sector (%) 27.100 Dec 2020 quarterly Mar 1999 - Dec 2020
Credit to Households (USD bn) 458.564 Dec 2020 quarterly Mar 1975 - Dec 2020
Credit to Private Non-Financial Sector (USD bn) 1,077.729 Dec 2020 quarterly Dec 1953 - Dec 2020
Household Debt (USD mn) 481,553.8 Mar 2021 quarterly Dec 1995 - Mar 2021
Total Loans (USD mn) 778,699.115 Dec 2020 monthly Mar 1996 - Dec 2020
Total Loans Growth (%) 1.81 Mar 2021 monthly Mar 1997 - Mar 2021
Private Debt: % of Nominal GDP (%) 154.38 Dec 2020 quarterly Mar 1996 - Dec 2020
Official Reserve Assets (NOK mn) 695,531.000 Jun 2021 monthly Jan 1999 - Jun 2021
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 632,887.000 Jun 2021 monthly Jan 1999 - Jun 2021
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Non Performing Loans Ratio: Enterprises (%) 0.800 2018 yearly 1990 - 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 21.4 Jun 2021 monthly Feb 2005 - Jun 2021
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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