Norway Forecast: Government Expenditure

1980 - 2028 | Yearly | NOK bn | International Monetary Fund

Key information about Norway Forecast: Government Expenditure

  • Norway Government Expenditure is forecasted to be 2,397.054 NOK bn in Dec 2024 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 2,288.548 NOK bn in Dec 2023.
  • Looking ahead, Norway Government Expenditure is projected to stand at 2,771.664 NOK bn in Dec 2028.
  • 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 2028 in the chart:

Norway Forecast: Government Expenditure

What is Norway's Forecast: Government Expenditure in 2028?

Norway Government Expenditure is forecasted to be 2,397.054 NOK bn in Dec 2024 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2,771.664 2028 2,670.197 2027 139.671 1980 2,771.664 2028 NOK bn yearly 1980 - 2028

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) 219.373 2021 yearly 2002 - 2021
Albania (ALL bn) 1,003.863 2028 yearly 1997 - 2028
Algeria (DZD bn) 16,122.288 2028 yearly 1990 - 2028
Andorra (%) 35.036 2028 yearly 2001 - 2028
Angola (AOA bn) 25,453.758 2028 yearly 1996 - 2028
Antigua and Barbuda (XCD bn) 1.537 2028 yearly 1990 - 2028
Argentina (ARS bn) 553,829.693 2028 yearly 1993 - 2028
Armenia (AMD bn) 4,062.704 2028 yearly 2005 - 2028
Aruba (%) 23.397 2028 yearly 1995 - 2028
Australia (AUD bn) 1,177.946 2028 yearly 1988 - 2028
Austria (EUR bn) 295.369 2028 yearly 1988 - 2028
Azerbaijan (AZN bn) 46.691 2028 yearly 1994 - 2028
Bahamas (BSD bn) 3.946 2028 yearly 1990 - 2028
Bahrain (BHD bn) 5.301 2028 yearly 1990 - 2028
Bangladesh (BDT bn) 7,011.275 2024 yearly 1980 - 2024
Barbados (BBD bn) 4.855 2029 yearly 1995 - 2029
Belarus (BYN bn) 103.660 2028 yearly 2001 - 2028
Belgium (EUR bn) 389.300 2028 yearly 1980 - 2028
Belize (BZD bn) 1.756 2028 yearly 1996 - 2028
Benin (XOF bn) 3,524.548 2028 yearly 1989 - 2028
Bhutan (BTN bn) 116.449 2028 yearly 1981 - 2028
Bolivia (BOB bn) 130.717 2028 yearly 1984 - 2028
Bosnia and Herzegovina (BAM bn) 26.003 2028 yearly 1998 - 2028
Botswana (BWP bn) 115.893 2029 yearly 1981 - 2029
Brazil (BRL bn) 6,554.330 2028 yearly 2001 - 2028
Brunei (BND bn) 6.082 2028 yearly 1980 - 2028
Bulgaria (BGN bn) 89.780 2028 yearly 1998 - 2028
Burkina Faso (XOF bn) 4,719.591 2028 yearly 1985 - 2028
Burundi (BIF bn) 6,350.969 2028 yearly 1990 - 2028
Cambodia (KHR bn) 53,931.191 2028 yearly 1996 - 2028
Cameroon (XAF bn) 6,596.643 2028 yearly 2000 - 2028
Canada (CAD bn) 1,420.938 2028 yearly 1980 - 2028
Cape Verde (CVE bn) 92.792 2028 yearly 1994 - 2028
Central African Republic (XAF bn) 408.067 2028 yearly 1988 - 2028
Chad (XAF bn) 1,474.600 2028 yearly 1995 - 2028
Chile (CLP bn) 94,716.909 2028 yearly 1990 - 2028
China (RMB bn) 55,111.452 2028 yearly 1982 - 2028
Colombia (COP bn) 710,187.227 2028 yearly 1982 - 2028
Comoros (KMF bn) 154.868 2028 yearly 1984 - 2028
Congo (XAF bn) 2,298.277 2028 yearly 1989 - 2028
Costa Rica (CRC bn) 11,254.491 2028 yearly 1990 - 2028
Croatia (EUR bn) 42.629 2028 yearly 1992 - 2028
Cyprus (EUR bn) 14.710 2028 yearly 1995 - 2028
Czech Republic (CZK bn) 4,115.800 2028 yearly 1995 - 2028
Democratic Republic of Congo (CDF bn) 54,625.082 2028 yearly 1996 - 2028
Denmark (DKK bn) 1,679.327 2028 yearly 1980 - 2028
Djibouti (DJF bn) 226.720 2028 yearly 1990 - 2028
Dominica (XCD bn) 1.070 2028 yearly 1990 - 2028
Dominican Republic (DOP bn) 1,834.914 2028 yearly 1997 - 2028
Ecuador (USD bn) 49.173 2028 yearly 1995 - 2028
Egypt (EGP bn) 5,223.196 2028 yearly 1999 - 2028
El Salvador (SVC bn) 12.864 2028 yearly 1990 - 2028
Equatorial Guinea (XAF bn) 1,407.842 2028 yearly 1980 - 2028
Eritrea (ERN bn) 9.338 2019 yearly 1992 - 2019
Estonia (EUR bn) 21.623 2028 yearly 1995 - 2028
Swaziland (SZL bn) 37.386 2029 yearly 1981 - 2029
Ethiopia (ETB bn) 2,997.766 2028 yearly 1980 - 2028
Fiji (FJD bn) 4.840 2028 yearly 1992 - 2028
Finland (EUR bn) 177.874 2028 yearly 1980 - 2028
France (EUR bn) 1,830.669 2028 yearly 1980 - 2028
Gabon (XAF bn) 3,095.805 2028 yearly 1990 - 2028
Gambia (GMD bn) 48.615 2028 yearly 2000 - 2028
Georgia (GEL bn) 33.921 2028 yearly 1995 - 2028
Germany (EUR bn) 2,330.911 2028 yearly 1991 - 2028
Ghana (GHS bn) 435.057 2028 yearly 1980 - 2028
Greece (EUR bn) 118.753 2028 yearly 1980 - 2028
Grenada (XCD bn) 1.293 2028 yearly 1990 - 2028
Guatemala (GTQ bn) 160.532 2028 yearly 1995 - 2028
Guinea (GNF bn) 65,837.331 2028 yearly 1990 - 2028
Guinea-Bissau (GWP bn) 349.819 2028 yearly 1991 - 2028
Guyana (GYD bn) 905.157 2028 yearly 1997 - 2028
Haiti (HTG bn) 671.181 2028 yearly 1997 - 2028
Honduras (HNL bn) 331.467 2028 yearly 1990 - 2028
Hong Kong SAR, China (HKD bn) 899.376 2029 yearly 1982 - 2029
Hungary (HUF bn) 45,892.500 2028 yearly 1995 - 2028
Iceland (ISK bn) 2,331.344 2028 yearly 1980 - 2028
India (INR bn) 139,967.744 2029 yearly 1989 - 2029
Indonesia (IDR bn) 5,143,598.407 2028 yearly 1993 - 2028
Iran (IRR bn) 88,375,352.639 2029 yearly 1991 - 2029
Iraq (IQD bn) 179,493.928 2028 yearly 2004 - 2028
Ireland (EUR bn) 149.589 2028 yearly 1980 - 2028
Israel (ILS bn) 976.730 2028 yearly 2000 - 2028
Italy (EUR bn) 1,156.728 2028 yearly 1988 - 2028
Ivory Coast (XOF bn) 14,790.108 2028 yearly 1997 - 2028
Jamaica (JMD bn) 1,158.659 2029 yearly 1991 - 2029
Japan (JPY bn) 268,418.980 2028 yearly 1980 - 2028
Jordan (JOD bn) 13.878 2028 yearly 1985 - 2028
Kazakhstan (KZT bn) 41,918.927 2028 yearly 2002 - 2028
Kenya (KES bn) 5,655.334 2028 yearly 1982 - 2028
Kiribati (AUD bn) 0.502 2028 yearly 1990 - 2028
South Korea (KRW bn) 679,848.645 2028 yearly 1995 - 2028
Kosovo (EUR bn) 3.968 2028 yearly 2000 - 2028
Kuwait (KWD bn) 28.396 2028 yearly 1985 - 2028
Kyrgyzstan (KGS bn) 632.600 2028 yearly 1995 - 2028
Laos (LAK bn) 50,372.610 2022 yearly 2000 - 2022
Latvia (EUR bn) 21.865 2028 yearly 1998 - 2028
Lebanon (LBP bn) 61,857.669 2022 yearly 1990 - 2022
Lesotho (LSL bn) 31.496 2029 yearly 1983 - 2029
Liberia (LRD bn) 1.645 2028 yearly 2000 - 2028
Libya (LYD bn) 131.563 2028 yearly 1990 - 2028

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Norway Key Series

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Includes 243 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 (%) 23.3 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 (%) 36.6 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: Germany (NOK th) 33,819,182.000 Oct 2023 monthly Jan 1988 - Oct 2023
Exports: Sweden (NOK th) 11,745,522.000 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 (2000=100) 165.400 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
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 (%) 16.2 Sep 2023 quarterly Mar 1981 - Sep 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 (%) 132.8 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 (%) 57.5 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: 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: 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 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) 445,138.374 Oct 2023 monthly May 2009 - Oct 2023
Total Deposits Growth (%) 1.1 Oct 2023 monthly May 2010 - Oct 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) 732,449.690 Sep 2023 monthly Mar 1996 - Sep 2023
Total Loans Growth (%) 5.34 Sep 2023 monthly Mar 1997 - Sep 2023
Private Debt: % of Nominal GDP (%) 116.35 Sep 2023 quarterly Mar 1996 - Sep 2023
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 695,213.000 Oct 2023 monthly Jan 1999 - Oct 2023
Official Reserve Assets (NOK mn) 870,102.000 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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