Facts
- Government gross debt, % of GDP
- 54.0 % (2025)
- Fiscal balance, % of GDP
- 10.6 % (2025)
- GDP, current prices
- $530.1 bn (2025)
- Current account, % of GDP
- 14.2 % (2025)
- Debt level
- 30–60% of GDP
- Change in debt ratio, last 10 years
- +20.8 pp
- ISO code
- NOR
Sources: US Treasury Fiscal Data — Debt to the Penny, MSPD (public domain), IMF World Economic Outlook, World Bank WDI (CC BY 4.0)
Government gross debt, % of GDP
| Period | Value |
|---|---|
| 2025 | 54.0 % |
| 2024 | 52.8 % |
| 2023 | 42.4 % |
| 2022 | 34.8 % |
| 2021 | 40.1 % |
| 2020 | 44.3 % |
| 2019 | 39.0 % |
| 2018 | 38.1 % |
| 2017 | 36.9 % |
| 2016 | 36.7 % |
| 2015 | 33.2 % |
| 2014 | 28.8 % |
Net lending / borrowing, % of GDP
| Period | Value |
|---|---|
| 2025 | 10.6 % |
| 2024 | 12.9 % |
| 2023 | 15.9 % |
| 2022 | 24.7 % |
| 2021 | 9.9 % |
| 2020 | -2.5 % |
| 2019 | 6.3 % |
| 2018 | 7.6 % |
| 2017 | 4.8 % |
| 2016 | 3.9 % |
| 2015 | 5.8 % |
| 2014 | 8.3 % |
GDP, current prices ($ billions)
| Period | Value |
|---|---|
| 2025 | $530.1 bn |
| 2024 | $500.9 bn |
| 2023 | $502.2 bn |
| 2022 | $617.3 bn |
| 2021 | $521.6 bn |
| 2020 | $382.3 bn |
| 2019 | $424.2 bn |
| 2018 | $454.6 bn |
| 2017 | $415.7 bn |
| 2016 | $383.3 bn |
| 2015 | $400.7 bn |
| 2014 | $515.8 bn |
Current account balance, % of GDP
| Period | Value |
|---|---|
| 2025 | 14.2 % |
| 2024 | 15.0 % |
| 2023 | 17.1 % |
| 2022 | 27.8 % |
| 2021 | 14.4 % |
| 2020 | 1.8 % |
| 2019 | 3.6 % |
| 2018 | 8.6 % |
| 2017 | 5.4 % |
| 2016 | 5.3 % |
| 2015 | 9.2 % |
| 2014 | 11.7 % |