Norway National Government Debt

1995 - 2020 | Yearly | USD mn | CEIC Data

Norway National Government Debt reached 183.0 USD bn in Dec 2020, compared with 163.4 USD bn in the previous year. Norway National Government Debt data is updated yearly, available from Dec 1995 to Dec 2020. The data reached an all-time high of 214.4 USD bn in Dec 2007 and a record low of 36.2 USD bn in Dec 1998. CEIC converts annual Government Debt into USD. Statistics Norway provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.

In the latest reports, Norway Consolidated Fiscal Balance recorded a deficit equal to 3.4 % of its Nominal GDP in Dec 2020. The country's Government debt accounted for 46.0 % of its Nominal GDP in Dec 2020. Norway Nominal GDP reached 96.8 USD bn in Dec 2020.

View Norway's National Government Debt from 1995 to 2020 in the chart:

Norway National Government Debt

What was Norway's National Government Debt in 2020?

Last Previous Min Max Unit Frequency Range
183,003.3 2020 163,384.4 2019 36,222.0 1998 214,408.9 2007 USD mn yearly 1995 - 2020

National Government Debt by Country Comparison

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country/region Last Frequency Range
Albania (USD mn) 11,641.6 Mar 2021 quarterly Sep 2010 - Mar 2021
Algeria (USD mn) 62,686.3 2018 yearly 1997 - 2018
Argentina (USD mn) 335,582.2 Dec 2020 quarterly Dec 1994 - Dec 2020
Armenia (USD mn) 8,860.3 Jun 2021 quarterly Mar 2002 - Jun 2021
Australia (USD mn) 591,736.5 2020 yearly 1999 - 2020
Austria (USD mn) 385,440.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Azerbaijan (USD mn) 3,398.5 2010 yearly 2008 - 2010
Bahrain (USD mn) 35,404.1 May 2021 monthly Mar 2001 - May 2021
Belarus (USD mn) 22,654.7 May 2021 monthly Dec 2003 - May 2021
Belgium (USD mn) 629,802.2 Dec 2020 quarterly Mar 1980 - Dec 2020
Bolivia (USD mn) 8,960.7 2014 yearly 1998 - 2014
Bosnia and Herzegovina (USD mn) 3,669.1 2020 yearly 2007 - 2020
Botswana (USD mn) 2,443.5 2020 yearly 2002 - 2020
Brazil (USD mn) 1,229,891.7 Apr 2021 monthly Dec 2000 - Apr 2021
Bulgaria (USD mn) 18,773.5 May 2021 monthly Dec 2015 - May 2021
Canada (USD mn) 1,282,564.6 2021 yearly 1962 - 2021
Chile (USD mn) 91,625.1 Dec 2020 quarterly Mar 2002 - Dec 2020
China (USD mn) 3,201,622.5 2020 yearly 2005 - 2020
Colombia (USD mn) 189,753.6 Dec 2020 quarterly Mar 2002 - Dec 2020
Croatia (USD mn) 52,891.8 Feb 2021 monthly Dec 1995 - Feb 2021
Cyprus (USD mn) 29,821.6 Apr 2021 monthly Dec 2010 - Apr 2021
Czech Republic (USD mn) 100,670.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Denmark (USD mn) 149,585.5 Mar 2021 quarterly Mar 2000 - Mar 2021
Ecuador (USD mn) 63,026.0 Mar 2021 quarterly Dec 2005 - Mar 2021
Egypt (USD mn) 316,592.2 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (USD mn) 5,992.1 Mar 2021 quarterly Mar 2000 - Mar 2021
European Union (USD mn) 14,771,662.7 Dec 2020 quarterly Mar 2000 - Dec 2020
Finland (USD mn) 194,563.9 Mar 2021 quarterly Mar 2000 - Mar 2021
France (USD mn) 3,216,642.6 Mar 2021 quarterly Dec 1995 - Mar 2021
Georgia (USD mn) 9,073.5 Mar 2021 quarterly Mar 2006 - Mar 2021
Germany (USD mn) 2,844,041.2 Dec 2020 quarterly Mar 2000 - Dec 2020
Greece (USD mn) 417,071.1 Dec 2020 quarterly Dec 1999 - Dec 2020
Hong Kong SAR, China (USD mn) 152,334.7 2020 yearly 2003 - 2020
Hungary (USD mn) 123,011.6 Mar 2021 quarterly Dec 1989 - Mar 2021
Iceland (USD mn) 17,181.9 2019 yearly 1998 - 2019
India (USD mn) 1,588,977.4 Mar 2021 quarterly Dec 1998 - Mar 2021
Indonesia (USD mn) 448,508.0 May 2021 monthly Jun 2009 - May 2021
Ireland (USD mn) 266,806.0 Dec 2020 quarterly Mar 2000 - Dec 2020
Israel (USD mn) 306,021.8 2020 yearly 1995 - 2020
Italy (USD mn) 3,276,297.6 May 2021 monthly Jan 1957 - May 2021
Ivory Coast (USD mn) 3,853.2 2015 yearly 1975 - 2015
Japan (USD mn) 11,220,214.0 May 2021 monthly Apr 1982 - May 2021
Jordan (USD mn) 37,669.4 Feb 2021 monthly Jan 2002 - Feb 2021
Kazakhstan (USD mn) 43,978.6 Mar 2021 quarterly Mar 2005 - Mar 2021
Kenya (USD mn) 67,022.1 Mar 2021 monthly Sep 1999 - Mar 2021
South Korea (USD mn) 765,176.8 Mar 2021 quarterly Sep 2002 - Mar 2021
Kosovo (USD mn) 1,819.4 2020 yearly 2009 - 2020
Kuwait (USD mn) 3,158.8 May 2021 monthly Dec 1993 - May 2021
Kyrgyzstan (USD mn) 4,948.6 Feb 2021 monthly Jan 2011 - Feb 2021
Latvia (USD mn) 15,593.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Lebanon (USD mn) 95,506.5 Nov 2020 monthly Dec 2001 - Nov 2020
Lithuania (USD mn) 26,495.3 Mar 2021 quarterly Mar 2000 - Mar 2021
Luxembourg (USD mn) 19,496.5 Dec 2020 quarterly Dec 1995 - Dec 2020
North Macedonia (USD mn) 7,289.8 Mar 2021 quarterly Dec 2009 - Mar 2021
Malawi (USD mn) 2,620.0 2014 yearly 2010 - 2014
Malaysia (USD mn) 221,347.4 Mar 2021 quarterly Mar 1978 - Mar 2021
Malta (USD mn) 8,781.6 Mar 2021 quarterly Mar 2000 - Mar 2021
Mauritius (USD mn) 8,599.8 Mar 2021 quarterly Jun 2003 - Mar 2021
Mexico (USD mn) 656,028.1 May 2021 monthly Dec 2005 - May 2021
Moldova (USD mn) 4,210.4 May 2021 monthly Jan 2007 - May 2021
Montenegro (USD mn) 4,811.6 Mar 2021 monthly Dec 2010 - Mar 2021
Morocco (USD mn) 87,936.5 Mar 2021 quarterly Dec 2006 - Mar 2021
Nepal (USD mn) 9,555.8 2019 yearly 1990 - 2019
Netherlands (USD mn) 515,800.7 Mar 2021 quarterly Dec 1999 - Mar 2021
New Zealand (USD mn) 75,235.2 Mar 2021 quarterly Dec 2007 - Mar 2021
Nigeria (USD mn) 76,375.0 Mar 2021 quarterly Dec 2006 - Mar 2021
Norway (USD mn) 183,003.3 2020 yearly 1995 - 2020
Oman (USD mn) 42,581.5 2019 yearly 1990 - 2019
Panama (USD mn) 38,405.1 Mar 2021 monthly Jul 2004 - Mar 2021
Paraguay (USD mn) 10,735.8 2020 yearly 2003 - 2020
Peru (USD mn) 71,565.9 Mar 2021 quarterly Mar 1999 - Mar 2021
Philippines (USD mn) 231,125.2 May 2021 monthly Jan 1993 - May 2021
Poland (USD mn) 350,296.6 Mar 2021 quarterly Mar 2000 - Mar 2021
Portugal (USD mn) 323,267.0 Mar 2021 quarterly Mar 2000 - Mar 2021
Qatar (USD mn) 26,518.7 2012 yearly 2003 - 2012
Romania (USD mn) 129,661.6 Apr 2021 monthly Nov 2011 - Apr 2021
Russia (USD mn) 275,308.7 May 2021 monthly May 2009 - May 2021
Saudi Arabia (USD mn) 227,604.0 2020 yearly 2004 - 2020
Serbia (USD mn) 34,238.7 May 2021 monthly Sep 2004 - May 2021
Singapore (USD mn) 542,148.6 Mar 2021 quarterly Mar 1990 - Mar 2021
Slovakia (USD mn) 67,485.8 Dec 2020 quarterly Mar 2000 - Dec 2020
Slovenia (USD mn) 47,152.9 Mar 2021 quarterly Dec 1999 - Mar 2021
South Africa (USD mn) 274,108.7 Apr 2021 monthly Jan 1960 - Apr 2021
Spain (USD mn) 1,635,485.8 Mar 2021 quarterly Dec 1990 - Mar 2021
Sri Lanka (USD mn) 81,714.8 Dec 2020 quarterly Mar 2014 - Dec 2020
Sweden (USD mn) 240,605.6 Dec 2020 quarterly Mar 2000 - Dec 2020
Switzerland (USD mn) 222,922.7 2020 yearly 1990 - 2020
Taiwan (USD mn) 229,840.6 2020 yearly 1996 - 2020
Thailand (USD mn) 241,731.6 Apr 2021 monthly Oct 1997 - Apr 2021
Tunisia (USD mn) 35,480.9 Apr 2021 monthly Apr 2011 - Apr 2021
Turkey (USD mn) 271,456.7 2020 yearly 2001 - 2020
Ukraine (USD mn) 81,496.2 May 2021 monthly Dec 2004 - May 2021
United Kingdom (USD mn) 3,014,494.4 Dec 2020 quarterly Mar 1975 - Dec 2020
United States (USD mn) 28,529,436.0 Jun 2021 monthly Jan 1969 - Jun 2021
Uruguay (USD mn) 31,092.7 Mar 2021 quarterly Mar 1999 - Mar 2021
Venezuela (USD mn) 105,131.7 2016 yearly 1996 - 2016
Vietnam (USD mn) 125,215.3 2019 yearly 2010 - 2019
Yemen (USD mn) 20,434.2 2013 yearly 2004 - 2013

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Norway Key Series

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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
Imports (NOK mn) 72,854.000 Jun 2021 monthly Jan 1976 - Jun 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
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: 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: 1-Digit: Manufactured Goods (NOK th) 9,715,735.000 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: 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
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 10,204,124.000 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: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) -126,008.000 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
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: Other Investments (NOK mn) 262,878.000 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: BI: Net Current Transfers (NOK mn) -9,663.000 Mar 2021 quarterly Mar 1981 - Mar 2021
BoP: Financial Account (FA): Foreign Assets (NOK mn) 189,481.000 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: FA: Foreign Liabilities: Other Investments (NOK mn) 37,969.000 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: Direct Investment (DI) (NOK mn) 27,378.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Liabilities (NOK mn) 92,090.000 Mar 2021 quarterly Mar 2005 - Mar 2021
IIP: Foreign Liabilities (NOK mn) 8,382,460.000 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 Assets (NOK mn) 18,400,148.000 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: Africa (NOK mn) 33,115.000 2019 yearly 2004 - 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: Sweden (NOK mn) 217,413.000 2019 yearly 1998 - 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) 76,328.7 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) 9.0 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) 689,302.000 Jun 2021 monthly Jan 1999 - Jun 2021
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 626,665.000 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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