Norway
Government debt in Norway
Government debt in Norway: 47.9% of GDP in 1980 and 54% of GDP in 2025, by IMF estimates.
- Latest, 2025
- 54% of GDP
- Since 1980
- +6.1 percentage points
- Rank, 2025
- 71 of 149
- counting from the highest
- Projected, 2031
- 26% of GDP
- IMF projection (World Economic Outlook, October 2026)
% of GDP · IMF
What the numbers say
- The IMF projection (World Economic Outlook, October 2026) puts it at 26% of GDP in 2031.
- The highest was 54% of GDP in 2025, the lowest 23.8% of GDP in 1998.
Every year
% of GDP · IMF
| Year | Norway |
|---|---|
| 2025 | 54 |
| 2024 | 52.8 |
| 2023 | 42.4 |
| 2022 | 34.8 |
| 2021 | 40.1 |
| 2020 | 44.3 |
| 2019 | 39 |
| 2018 | 38.1 |
| 2017 | 36.9 |
| 2016 | 36.7 |
| 2015 | 33.2 |
| 2014 | 28.8 |
| 2013 | 30.6 |
| 2012 | 30.2 |
| 2011 | 29 |
| 2010 | 42.1 |
| 2009 | 41.7 |
| 2008 | 46.8 |
| 2007 | 48.9 |
| 2006 | 52.2 |
| 2005 | 42.1 |
| 2004 | 43.8 |
| 2003 | 43.1 |
| 2002 | 34 |
| 2001 | 27.3 |
| 2000 | 28.8 |
| 1999 | 25.1 |
| 1998 | 23.8 |
| 1997 | 26 |
| 1996 | 28.6 |
| 1995 | 32.9 |
| 1994 | 51 |
| 1993 | 54 |
| 1992 | 45.3 |
| 1991 | 39.5 |
| 1990 | 29.1 |
| 1989 | 32.5 |
| 1988 | 32.6 |
| 1987 | 38.7 |
| 1986 | 46.2 |
| 1985 | 37 |
| 1984 | 35.3 |
| 1983 | 35.5 |
| 1982 | 38.6 |
| 1981 | 43.5 |
| 1980 | 47.9 |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Norway |
|---|---|
| 2026 | 40 |
| 2027 | 40 |
| 2028 | 36.5 |
| 2029 | 33 |
| 2030 | 29.5 |
| 2031 | 26 |
Good to know
- What the government owes, as a share of the economy’s yearly output.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 149 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time
Norway in numbers
Every measure for Norway on one page
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Military
- Military spending3.28% of GDP in 2025
- Military spending in US dollars$16.1B in 2025
- Military spending per person$3,040 in 2025
- Military share of state spending6.7% of government spending in 2025
- Armed forces personnel25,000 people in 2020
- National power0.14% of world capability in 2022
- Armed forces, share of workers0.85% of the labour force in 2020
- Arms imports407 million TIV in 2025
- Arms exports415 million TIV in 2025