Norway External Debt: Short Term: % of GDP

2012 - 2022 | Yearly | % | CEIC Data

Key information about Norway External Debt: Short Term: % of GDP

  • Norway External Debt: Short Term accounted for 58.8 % of the country's Nominal GDP in 2022, compared with the ratio of 57.9 % in the previous year.
  • Norway External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2012 to 2022.
  • The data reached an all-time high of 64.0 % in 2020 and a record low of 48.0 % in 2012.

CEIC calculates Short Term External Debt as % of Nominal GDP from quarterly Short Term External Debt and annual Nominal GDP. Short Term External Debt is calculated as the sum of Short Term External Debt breakdowns for General Government, Central Bank, Deposit-Taking Corporations excl Central Bank and Other Sectors. Statistics Norway provides Short Term External Debt in local currency and Nominal GDP in local currency.


Related information about Norway External Debt: Short Term: % 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.
  • Norway External Debt: Short Term value stood at 333.0 USD bn in Dec 2022.
  • The country's Nominal GDP was reported at 128.6 USD bn in Mar 2023.

View Norway's External Debt: Short Term: % of GDP from 2012 to 2022 in the chart:

Norway External Debt: Short Term: % of GDP

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

Norway External Debt: Short Term accounted for 58.8 % of the country's Nominal GDP in 2022, compared with the ratio of 57.9 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
58.8 2022 57.9 2021 48.0 2012 64.0 2020 % yearly 2012 - 2022

External Debt: Short Term: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 5.3 2022 yearly 1991 - 2022
Algeria (%) 1.0 2021 yearly 1977 - 2021
Argentina (%) 14.2 2022 yearly 2003 - 2022
Armenia (%) 16.6 2022 yearly 2000 - 2022
Australia (%) 25.4 2022 yearly 1988 - 2022
Austria (%) 49.5 2022 yearly 1997 - 2022
Azerbaijan (%) 0.0 2021 yearly 1993 - 2021
Bangladesh (%) 4.5 2022 yearly 2012 - 2022
Belarus (%) 13.4 Mar 2023 quarterly Dec 2000 - Mar 2023
Belgium (%) 93.6 2022 yearly 2007 - 2022
Bolivia (%) 0.0 2019 yearly 2000 - 2019
Bosnia and Herzegovina (%) 11.4 2021 yearly 1999 - 2021
Botswana (%) 0.8 2021 yearly 1994 - 2021
Brazil (%) 3.5 2022 yearly 1999 - 2022
Bulgaria (%) 10.4 2022 yearly 1999 - 2022
Canada (%) 51.2 2022 yearly 1990 - 2022
Chile (%) 9.3 2022 yearly 1971 - 2022
China (%) 7.4 2022 yearly 1985 - 2022
Colombia (%) 8.7 2022 yearly 1970 - 2022
Croatia (%) 20.9 2022 yearly 1999 - 2022
Cyprus (%) 106.3 2022 yearly 2008 - 2022
Czech Republic (%) 38.8 2022 yearly 1995 - 2022
Denmark (%) 56.9 2022 yearly 2005 - 2022
Ecuador (%) 1.5 2022 yearly 1970 - 2022
Egypt (%) 5.6 2022 yearly 1990 - 2022
Estonia (%) 27.9 2022 yearly 1996 - 2022
Finland (%) 95.2 2022 yearly 1991 - 2022
France (%) 115.5 2022 yearly 2004 - 2022
Georgia (%) 15.2 2022 yearly 2006 - 2022
Germany (%) 65.4 2022 yearly 2004 - 2022
Greece (%) 84.6 2022 yearly 2003 - 2022
Hong Kong SAR, China (%) 319.8 2022 yearly 2001 - 2022
Hungary (%) 17.8 2022 yearly 1995 - 2022
Iceland (%) 4.0 2022 yearly 1989 - 2022
India (%) 3.9 2023 yearly 1990 - 2023
Indonesia (%) 3.7 2022 yearly 2003 - 2022
Iran (%) 0.2 2022 yearly 1994 - 2022
Ireland (%) 219.3 2022 yearly 2002 - 2022
Israel (%) 11.8 2022 yearly 2000 - 2022
Italy (%) 59.6 2022 yearly 2002 - 2022
Ivory Coast (%) 3.1 2021 yearly 1970 - 2021
Japan (%) 74.6 2022 yearly 2003 - 2022
Jordan (%) 35.6 2022 yearly 2000 - 2022
Kazakhstan (%) 7.4 2022 yearly 1992 - 2022
Kenya (%) 2.2 2021 yearly 1996 - 2021
South Korea (%) 9.9 2022 yearly 1994 - 2022
Kosovo (%) 13.2 2022 yearly 2007 - 2022
Kyrgyzstan (%) 8.4 2022 yearly 2003 - 2022
Latvia (%) 52.9 2022 yearly 2000 - 2022
Lithuania (%) 32.3 2022 yearly 2004 - 2022
Luxembourg (%) 1,173.0 2022 yearly 2002 - 2022
North Macedonia (%) 23.6 2022 yearly 2004 - 2022
Malawi (%) 0.6 2019 yearly 2002 - 2019
Malaysia (%) 26.9 2022 yearly 2009 - 2022
Malta (%) 128.5 2022 yearly 2004 - 2022
Mauritius (%) 63.9 2022 yearly 2009 - 2022
Mexico (%) 3.7 2022 yearly 2002 - 2022
Moldova (%) 18.2 2022 yearly 2000 - 2022
Mongolia (%) 11.1 2022 yearly 1992 - 2022
Montenegro (%) 6.6 2021 yearly 2007 - 2021
Morocco (%) 6.6 2021 yearly 1970 - 2021
Mozambique (%) 11.3 2021 yearly 1984 - 2021
Myanmar (%) 0.1 2020 yearly 2018 - 2020
Netherlands (%) 165.2 2022 yearly 2003 - 2022
New Zealand (%) 29.3 2022 yearly 2000 - 2022
Nigeria (%) 0.2 2020 yearly 2008 - 2020
Norway (%) 58.8 2022 yearly 2012 - 2022
Pakistan (%) 0.8 2023 yearly 2006 - 2023
Palestinian Territory (%) 3.1 2021 yearly 2012 - 2021
Panama (%) 59.0 2021 yearly 1970 - 2021
Paraguay (%) 11.6 2021 yearly 2002 - 2021
Peru (%) 3.8 2022 yearly 1980 - 2022
Philippines (%) 4.1 2022 yearly 2005 - 2022
Poland (%) 9.5 2022 yearly 2004 - 2022
Portugal (%) 67.5 2022 yearly 1996 - 2022
Romania (%) 16.4 2022 yearly 2004 - 2022
Russia (%) 3.1 2022 yearly 2001 - 2022
Serbia (%) 3.0 2021 yearly 2000 - 2021
Singapore (%) 257.2 2022 yearly 2003 - 2022
Slovakia (%) 53.8 2022 yearly 2006 - 2022
Slovenia (%) 31.9 2022 yearly 2001 - 2022
South Africa (%) 8.4 2022 yearly 1994 - 2022
Spain (%) 79.0 2021 yearly 2000 - 2021
Sri Lanka (%) 11.5 2022 yearly 1998 - 2022
Sudan (%) 14.1 2021 yearly 1970 - 2021
Sweden (%) 61.8 2022 yearly 1997 - 2022
Switzerland (%) 142.8 2022 yearly 1999 - 2022
Taiwan (%) 24.5 2022 yearly 1999 - 2022
Tajikistan (%) 9.9 2021 yearly 1993 - 2021
Thailand (%) 16.2 2022 yearly 1980 - 2022
Tunisia (%) 30.6 2022 yearly 2002 - 2022
Turkey (%) 16.5 2022 yearly 1989 - 2022
Ukraine (%) 5.1 2022 yearly 2009 - 2022
United Kingdom (%) 210.6 2022 yearly 1979 - 2022
United States (%) 31.5 2022 yearly 2003 - 2022
Uruguay (%) 12.6 2022 yearly 1999 - 2022
Venezuela (%) 0.2 2017 yearly 1997 - 2017
Vietnam (%) 9.1 2021 yearly 1985 - 2021
Yemen (%) 1.8 2017 yearly 1991 - 2017

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Norway Key Series

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Includes 228 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 (%) 25.5 Mar 2023 quarterly Dec 2002 - Mar 2023
Consolidated Fiscal Balance (USD mn) 26,969.603 Mar 2023 quarterly Mar 2002 - Mar 2023
Tax Revenue (USD mn) 39,706.155 Mar 2023 quarterly Mar 2002 - Mar 2023
Tax Revenue: % of GDP (%) 31.7 Mar 2023 quarterly Mar 2002 - Mar 2023
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) 2,769.251 2028 yearly 1980 - 2028
Forecast: Government Net Debt (NOK bn) 2,244.310 2028 yearly 1980 - 2028
Forecast: Government Revenue (NOK bn) 3,832.391 2028 yearly 1980 - 2028
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 (%) 1.276 2028 yearly 1980 - 2028
Trade Balance (USD mn) 5,991.8 Jul 2023 monthly Jan 1957 - Jul 2023
Total Exports (USD mn) 13,022.8 Jul 2023 monthly Jan 1975 - Jul 2023
Total Exports Growth (%) -48.2 Jul 2023 monthly Jan 1976 - Jul 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) 7,030.9 Jul 2023 monthly Jan 1976 - Jul 2023
Total Imports Growth (%) -4.5 Jul 2023 monthly Jan 1977 - Jul 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) 576.342 Jul 2023 monthly Jan 1988 - Jul 2023
Total Imports from USA (USD mn) 444.626 Jul 2023 monthly Apr 1963 - Jul 2023
Total Exports to China (USD mn) 243.281 Jul 2023 monthly Mar 1977 - Jul 2023
Total Imports from China (USD mn) 825.839 Jul 2023 monthly Apr 1963 - Jul 2023
Exports: Crude Oil (NOK mn) 45,544.000 Jul 2023 monthly Jan 1974 - Jul 2023
Imports (NOK mn) 71,953.000 Jul 2023 monthly Jan 1976 - Jul 2023
Exports (NOK mn) 133,273.000 Jul 2023 monthly Jan 1975 - Jul 2023
Exports: Netherlands (NOK th) 11,162,734.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: United Kingdom (NOK th) 26,746,312.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: Sweden (NOK th) 9,336,493.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: Germany (NOK th) 23,995,255.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: France (NOK th) 6,866,775.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Chemical and Related Product (NOK th) 6,022,668.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Food and Live Animals (NOK th) 12,748,941.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Manufactured Goods (NOK th) 9,748,837.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 90,896,159.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 8,418,997.000 Jul 2023 monthly Jan 1988 - Jul 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) 332,971.2 Dec 2022 quarterly Mar 2012 - Dec 2022
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: Reserve Assets (NOK mn) 2,684.000 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 Liabilities (NOK mn) -160,624.000 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: Direct Investment (DI) (NOK mn) -18,872.000 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 Liabilities (NOK mn) 10,595,950.000 Jun 2023 quarterly Mar 2012 - Jun 2023
IIP: Foreign Assets (NOK mn) 25,416,092.000 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) 1,453,884.000 2021 yearly 2004 - 2021
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 3,813.000 2021 yearly 1998 - 2021
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
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 184,148.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 265,470.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
No of Bankruptcies: SIC 2007 (Unit) 1,068.000 Jun 2023 quarterly Mar 2006 - Jun 2023
No of New Registered Enterprises (Unit) 15,277.000 Jun 2023 quarterly Mar 2001 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 2021 yearly 1990 - 2021
Household Debt: % of GDP (%) 85.1 Jun 2023 quarterly Dec 1995 - Jun 2023
Money Supply M1 (USD mn) 276,494.714 Jul 2023 monthly Dec 1992 - Jul 2023
Money Supply M2 (USD mn) 307,978.598 Jul 2023 monthly Dec 1992 - Jul 2023
M2 Growth (%) -0.7 Jul 2023 monthly Dec 1993 - Jul 2023
Reserve Requirement Ratio (%) 3.0 Aug 2023 monthly Oct 2011 - Aug 2023
Foreign Exchange Reserves (USD mn) 70,200.5 Aug 2023 monthly Jan 1999 - Aug 2023
Foreign Exchange Reserves: % of GDP (%) 14.070 Jun 2023 quarterly Mar 1999 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 10.1 Jul 2023 monthly Jan 1999 - Jul 2023
Gold Reserves (USD mn) 0.000 Aug 2023 monthly Dec 1959 - Aug 2023
Total Deposits (USD mn) 492,567.425 Jul 2023 monthly May 2009 - Jul 2023
Total Deposits Growth (%) 1.4 Jul 2023 monthly May 2010 - Jul 2023
Domestic Credit (USD mn) 707,377.8 Jul 2023 monthly Dec 1985 - Jul 2023
Domestic Credit Growth (%) 4.4 Jul 2023 monthly Dec 1986 - Jul 2023
Debt Service Ratio: Households (%) 12.900 Dec 2022 quarterly Mar 1999 - Dec 2022
Debt Service Ratio: Private Non-Financial Sector (%) 24.200 Dec 2022 quarterly Mar 1999 - Dec 2022
Credit to Households (USD bn) 435.051 Dec 2022 quarterly Mar 1975 - Dec 2022
Credit to Private Non-Financial Sector (USD bn) 1,080.217 Dec 2022 quarterly Dec 1953 - Dec 2022
Household Debt (USD mn) 430,059.9 Jun 2023 quarterly Dec 1995 - Jun 2023
Total Loans (USD mn) 726,685.962 Jun 2023 monthly Mar 1996 - Jun 2023
Total Loans Growth (%) 6.05 Jun 2023 monthly Mar 1997 - Jun 2023
Private Debt: % of Nominal GDP (%) 111.09 Jun 2023 quarterly Mar 1996 - Jun 2023
Official Reserve Assets (NOK mn) 840,861.000 Aug 2023 monthly Jan 1999 - Aug 2023
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 680,197.000 Aug 2023 monthly Jan 1999 - Aug 2023
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.8 Aug 2023 monthly Feb 2005 - Aug 2023
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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