Norway Forecast: Government Expenditure

1980 - 2027 | Yearly | NOK bn | International Monetary Fund

Key information about Norway Forecast: Government Expenditure

  • Norway Government Expenditure is forecasted to be 2,220.845 NOK bn in Dec 2023 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 2,104.047 NOK bn in Dec 2022.
  • Looking ahead, Norway Government Expenditure is projected to stand at 2,613.027 NOK bn in Dec 2027.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Total Expenditure.

View Norway's Forecast: Government Expenditure from 1980 to 2027 in the chart:

Norway Forecast: Government Expenditure

What is Norway's Forecast: Government Expenditure in 2027?

Norway Government Expenditure is forecasted to be 2,220.845 NOK bn in Dec 2023 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2,613.027 2027 2,517.367 2026 139.671 1980 2,613.027 2027 NOK bn yearly 1980 - 2027

Forecast: Government Expenditure by Country Comparison

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Includes Forecast: Government Expenditure on 194 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (AFA bn) 432.266 2020 yearly 2002 - 2020
Albania (ALL bn) 805.245 2027 yearly 1997 - 2027
Algeria (DZD bn) 16,414.456 2027 yearly 1990 - 2027
Andorra (%) 34.828 2027 yearly 2001 - 2027
Angola (AOA bn) 17,424.123 2027 yearly 1996 - 2027
Antigua and Barbuda (XCD bn) 1.349 2027 yearly 1990 - 2027
Argentina (ARS bn) 224,067.717 2027 yearly 1993 - 2027
Armenia (AMD bn) 3,280.353 2027 yearly 2005 - 2027
Aruba (%) 21.612 2027 yearly 1995 - 2027
Australia (AUD bn) 1,062.322 2027 yearly 1988 - 2027
Austria (EUR bn) 269.509 2027 yearly 1988 - 2027
Azerbaijan (AZN bn) 49.977 2027 yearly 1994 - 2027
Bahamas (BSD bn) 3.799 2027 yearly 1990 - 2027
Bahrain (BHD bn) 5.093 2027 yearly 1990 - 2027
Bangladesh (BDT bn) 7,011.275 2024 yearly 1980 - 2024
Barbados (BBD bn) 4.311 2028 yearly 1995 - 2028
Belarus (BYN bn) 105.751 2027 yearly 2001 - 2027
Belgium (EUR bn) 368.160 2027 yearly 1980 - 2027
Belize (BZD bn) 1.670 2027 yearly 1996 - 2027
Benin (XOF bn) 3,114.654 2027 yearly 1989 - 2027
Bhutan (BTN bn) 97.386 2027 yearly 1981 - 2027
Bolivia (BOB bn) 132.318 2027 yearly 1984 - 2027
Bosnia and Herzegovina (BAM bn) 23.052 2027 yearly 1998 - 2027
Botswana (BWP bn) 96.698 2028 yearly 1981 - 2028
Brazil (BRL bn) 4,363.629 2027 yearly 1996 - 2027
Brunei (BND bn) 5.923 2027 yearly 1980 - 2027
Bulgaria (BGN bn) 73.373 2027 yearly 1998 - 2027
Burkina Faso (XOF bn) 3,888.759 2027 yearly 1985 - 2027
Burundi (BIF bn) 3,778.996 2027 yearly 1990 - 2027
Cambodia (KHR bn) 49,440.972 2027 yearly 1996 - 2027
Cameroon (XAF bn) 6,457.509 2027 yearly 2000 - 2027
Canada (CAD bn) 1,399.486 2027 yearly 1980 - 2027
Cape Verde (CVE bn) 83.171 2027 yearly 1994 - 2027
Central African Republic (XAF bn) 379.642 2027 yearly 1988 - 2027
Chad (XAF bn) 1,507.374 2027 yearly 1995 - 2027
Chile (CLP bn) 89,240.298 2027 yearly 1990 - 2027
China (RMB bn) 56,221.595 2027 yearly 1982 - 2027
Colombia (COP bn) 586,990.717 2027 yearly 1982 - 2027
Comoros (KMF bn) 151.807 2027 yearly 1984 - 2027
Congo (XAF bn) 2,431.403 2027 yearly 1989 - 2027
Costa Rica (CRC bn) 10,382.270 2027 yearly 1990 - 2027
Croatia (HRK bn) 288.395 2027 yearly 1992 - 2027
Cyprus (EUR bn) 12.830 2027 yearly 1995 - 2027
Czech Republic (CZK bn) 3,908.838 2027 yearly 1995 - 2027
Democratic Republic of Congo (CDF bn) 41,055.117 2027 yearly 1996 - 2027
Denmark (DKK bn) 1,672.531 2027 yearly 1980 - 2027
Djibouti (DJF bn) 201.583 2027 yearly 1990 - 2027
Dominica (XCD bn) 0.989 2027 yearly 1990 - 2027
Dominican Republic (DOP bn) 1,685.320 2027 yearly 1997 - 2027
Ecuador (USD bn) 44.173 2027 yearly 1995 - 2027
Egypt (EGP bn) 4,159.489 2027 yearly 1999 - 2027
El Salvador (SVC bn) 12.532 2027 yearly 1990 - 2027
Equatorial Guinea (XAF bn) 912.026 2027 yearly 1980 - 2027
Eritrea (ERN bn) 17.502 2027 yearly 1992 - 2027
Estonia (EUR bn) 21.001 2027 yearly 1995 - 2027
Swaziland (SZL bn) 29.289 2028 yearly 1981 - 2028
Ethiopia (ETB bn) 2,741.006 2027 yearly 1980 - 2027
Fiji (FJD bn) 4.616 2027 yearly 1992 - 2027
Finland (EUR bn) 170.484 2027 yearly 1980 - 2027
France (EUR bn) 1,763.222 2027 yearly 1980 - 2027
Gabon (XAF bn) 2,508.979 2027 yearly 1990 - 2027
Gambia (GMD bn) 44.820 2027 yearly 2000 - 2027
Georgia (GEL bn) 30.610 2027 yearly 1995 - 2027
Germany (EUR bn) 2,213.314 2027 yearly 1991 - 2027
Ghana (GHS bn) 316.152 2027 yearly 1980 - 2027
Greece (EUR bn) 111.803 2027 yearly 1980 - 2027
Grenada (XCD bn) 1.126 2027 yearly 1990 - 2027
Guatemala (GTQ bn) 138.552 2027 yearly 1995 - 2027
Guinea (GNF bn) 59,801.132 2027 yearly 1990 - 2027
Guinea-Bissau (GWP bn) 307.124 2027 yearly 1991 - 2027
Guyana (GYD bn) 754.632 2027 yearly 1997 - 2027
Haiti (HTG bn) 514.714 2027 yearly 1997 - 2027
Honduras (HNL bn) 194.475 2021 yearly 1990 - 2021
Hong Kong SAR, China (HKD bn) 879.080 2028 yearly 1982 - 2028
Hungary (HUF bn) 38,583.142 2027 yearly 1995 - 2027
Iceland (ISK bn) 2,038.946 2027 yearly 1980 - 2027
India (INR bn) 129,850.268 2028 yearly 1989 - 2028
Indonesia (IDR bn) 4,821,802.548 2027 yearly 1993 - 2027
Iran (IRR bn) 60,979,884.608 2028 yearly 1991 - 2028
Iraq (IQD bn) 157,206.343 2027 yearly 2004 - 2027
Ireland (EUR bn) 143.234 2027 yearly 1980 - 2027
Israel (ILS bn) 886.611 2027 yearly 2000 - 2027
Italy (EUR bn) 1,095.118 2027 yearly 1988 - 2027
Ivory Coast (XOF bn) 11,674.689 2027 yearly 1997 - 2027
Jamaica (JMD bn) 894.740 2028 yearly 1991 - 2028
Japan (JPY bn) 221,664.436 2027 yearly 1980 - 2027
Jordan (JOD bn) 12.705 2027 yearly 1985 - 2027
Kazakhstan (KZT bn) 34,470.474 2027 yearly 2002 - 2027
Kenya (KES bn) 5,065.801 2027 yearly 1982 - 2027
Kiribati (AUD bn) 0.418 2027 yearly 1990 - 2027
South Korea (KRW bn) 698,483.475 2027 yearly 1995 - 2027
Kosovo (EUR bn) 3.516 2027 yearly 2000 - 2027
Kuwait (KWD bn) 27.150 2027 yearly 1990 - 2027
Kyrgyzstan (KGS bn) 584.546 2027 yearly 1995 - 2027
Laos (LAK bn) 50,372.610 2022 yearly 2000 - 2022
Latvia (LVL bn) 18.622 2027 yearly 1998 - 2027
Lebanon (LBP bn) 18,711.559 2020 yearly 1990 - 2020
Lesotho (LSL bn) 26.839 2028 yearly 1983 - 2028
Liberia (LRD bn) 1.528 2027 yearly 2000 - 2027
Libya (LYD bn) 117.824 2027 yearly 1990 - 2027

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Norway Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 19.1 Jun 2022 quarterly Dec 2002 - Jun 2022
Consolidated Fiscal Balance (USD mn) 36,319.057 Jun 2022 quarterly Mar 2002 - Jun 2022
Tax Revenue (USD mn) 49,097.237 Jun 2022 quarterly Mar 2002 - Jun 2022
Tax Revenue: % of GDP (%) 34.9 Jun 2022 quarterly Mar 2002 - Jun 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) 2,613.027 2027 yearly 1980 - 2027
Forecast: Government Net Debt (NOK bn) 1,998.529 2027 yearly 1980 - 2027
Forecast: Government Revenue (NOK bn) 3,258.024 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) 11,890.1 Sep 2022 monthly Jan 1957 - Sep 2022
Total Exports (USD mn) 16,433.6 Oct 2022 monthly Jan 1975 - Oct 2022
Total Exports Growth (%) 10.2 Oct 2022 monthly Jan 1976 - Oct 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) 8,654.2 Oct 2022 monthly Jan 1976 - Oct 2022
Total Imports Growth (%) 25.2 Oct 2022 monthly Jan 1977 - Oct 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) 381.616 Oct 2022 monthly Jan 1988 - Oct 2022
Total Imports from USA (USD mn) 455.911 Oct 2022 monthly Apr 1963 - Oct 2022
Total Exports to China (USD mn) 580.215 Oct 2022 monthly Mar 1977 - Oct 2022
Total Imports from China (USD mn) 1,068.272 Oct 2022 monthly Apr 1963 - Oct 2022
Exports (NOK mn) 173,231.000 Oct 2022 monthly Jan 1975 - Oct 2022
Imports (NOK mn) 91,226.000 Oct 2022 monthly Jan 1976 - Oct 2022
Exports: Crude Oil (NOK mn) 47,238.000 Oct 2022 monthly Jan 1974 - Oct 2022
Exports: Netherlands (NOK th) 15,071,639.000 Oct 2022 monthly Jan 1988 - Oct 2022
Exports: United Kingdom (NOK th) 33,549,975.000 Oct 2022 monthly Jan 1988 - Oct 2022
Exports: Sweden (NOK th) 13,652,203.000 Oct 2022 monthly Jan 1988 - Oct 2022
Exports: Germany (NOK th) 36,671,806.000 Oct 2022 monthly Jan 1988 - Oct 2022
Exports: France (NOK th) 11,690,163.000 Oct 2022 monthly Jan 1988 - Oct 2022
Exports: 1-Digit: Chemical and Related Product (NOK th) 7,659,200.000 Oct 2022 monthly Jan 1988 - Oct 2022
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 8,362,235.000 Oct 2022 monthly Jan 1988 - Oct 2022
Exports: 1-Digit: Food and Live Animals (NOK th) 15,645,066.000 Oct 2022 monthly Jan 1988 - Oct 2022
Exports: 1-Digit: Manufactured Goods (NOK th) 11,557,769.000 Oct 2022 monthly Jan 1988 - Oct 2022
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 124,079,258.000 Oct 2022 monthly Jan 1988 - Oct 2022
Import Volume Index (2000=100) 187.800 Jun 2022 quarterly Mar 1989 - Jun 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
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 5,230.4 Jun 2022 quarterly Mar 1994 - Jun 2022
Current Account Balance (USD mn) 29,371.8 Jun 2022 quarterly Mar 1981 - Jun 2022
Current Account Balance: % of GDP (%) 20.9 Jun 2022 quarterly Mar 1981 - Jun 2022
Foreign Direct Investment (USD mn) 10,331.5 Jun 2022 quarterly Mar 2005 - Jun 2022
Foreign Direct Investment: % of GDP (%) 7.3 Jun 2022 quarterly Mar 2005 - Jun 2022
Foreign Portfolio Investment (USD mn) 2,274.292 Jun 2022 quarterly Mar 1994 - Jun 2022
Foreign Portfolio Investment: % of GDP (%) 1.6 Jun 2022 quarterly Mar 1994 - Jun 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 3,083.9 Jun 2022 quarterly Mar 2005 - Jun 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 3,297.900 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt (USD mn) 720,980.9 Jun 2022 quarterly Mar 2003 - Jun 2022
External Debt: % of GDP (%) 151.9 2021 yearly 2003 - 2021
External Debt: Short Term (USD mn) 302,358.9 Mar 2022 quarterly Mar 2012 - Mar 2022
External Debt: Short Term: % of GDP (%) 58.6 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) 1,096,143.418 Jun 2022 quarterly Mar 2012 - Jun 2022
BoP: Financial Account (FA): Foreign Assets (NOK mn) 489,009.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Liabilities (NOK mn) 273,013.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 52,966.000 Jun 2022 quarterly Mar 1981 - Jun 2022
BoP: FA: Foreign Assets: Other Investments (NOK mn) 103,615.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 154,216.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 49,291.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) 97,364.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: BI: Net Current Transfers (NOK mn) -17,058.000 Jun 2022 quarterly Mar 1981 - Jun 2022
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) 25,597.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 310,506.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 21,433.000 Jun 2022 quarterly Mar 2005 - Jun 2022
BoP: Current Account Balance (NOK mn) 276,801.000 Jun 2022 quarterly Mar 1981 - Jun 2022
IIP: Foreign Liabilities (NOK mn) 9,770,595.000 Jun 2022 quarterly Mar 2012 - Jun 2022
IIP: Foreign Assets (NOK mn) 20,580,871.000 Jun 2022 quarterly Mar 2012 - Jun 2022
Gross External Debt (NOK mn) 7,110,386.000 Jun 2022 quarterly Mar 2012 - Jun 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) 1,448,712.000 2020 yearly 2004 - 2020
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 238,425.000 2020 yearly 1998 - 2020
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) 17,817.000 2020 yearly 2004 - 2020
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 7,900.000 2020 yearly 1998 - 2020
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 229,558.000 2020 yearly 1998 - 2020
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 92,627.000 2020 yearly 1998 - 2020
No of Bankruptcies: SIC 2007 (Unit) 835.000 Sep 2022 quarterly Mar 2006 - Sep 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) 272,909.171 Oct 2022 monthly Dec 1992 - Oct 2022
Money Supply M2 (USD mn) 295,384.593 Oct 2022 monthly Dec 1992 - Oct 2022
M2 Growth (%) 7.1 Oct 2022 monthly Dec 1993 - Oct 2022
Reserve Requirement Ratio (%) 1.5 Nov 2022 monthly Oct 2011 - Nov 2022
Foreign Exchange Reserves (USD mn) 69,992.8 Sep 2022 monthly Jan 1999 - Sep 2022
Foreign Exchange Reserves: % of GDP (%) 13.903 Sep 2022 quarterly Mar 1999 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 8.0 Oct 2022 monthly Jan 1999 - Oct 2022
Gold Reserves (USD mn) 0.000 Oct 2022 monthly Dec 1959 - Oct 2022
Total Deposits (USD mn) 455,758.607 Sep 2022 monthly May 2009 - Sep 2022
Total Deposits Growth (%) 11.4 Sep 2022 monthly May 2010 - Sep 2022
Domestic Credit (USD mn) 668,521.9 Oct 2022 monthly Dec 1985 - Oct 2022
Domestic Credit Growth (%) 5.5 Oct 2022 monthly Dec 1986 - Oct 2022
Debt Service Ratio: Households (%) 13.500 Mar 2022 quarterly Mar 1999 - Mar 2022
Debt Service Ratio: Private Non-Financial Sector (%) 25.000 Mar 2022 quarterly Mar 1999 - Mar 2022
Credit to Households (USD bn) 473.237 Mar 2022 quarterly Mar 1975 - Mar 2022
Credit to Private Non-Financial Sector (USD bn) 1,129.795 Mar 2022 quarterly Dec 1953 - Mar 2022
Household Debt (USD mn) 449,163.7 Jun 2022 quarterly Dec 1995 - Jun 2022
Total Loans (USD mn) 682,320.018 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
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 693,650.000 Oct 2022 monthly Jan 1999 - Oct 2022
Official Reserve Assets (NOK mn) 819,065.000 Oct 2022 monthly Jan 1999 - Oct 2022
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Bank Deposits (NOK mn) 4,954,962.000 Sep 2022 monthly May 2009 - Sep 2022
Loans: Banks (NOK mn) 4,412,946.000 Sep 2022 monthly Jan 1996 - Sep 2022
Non Performing Loans Ratio: Enterprises (%) 0.700 2021 yearly 1990 - 2021
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -25.6 Nov 2022 monthly Feb 2005 - Nov 2022
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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