Norway Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Overview
Norway's budget deficit stood at 12.74% in 2025, a decline of +0.51% from 2024. The IMF projects 12.74% by 2025. Norway ranked 2nd globally.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 8.77% | - | - |
| 2029* IMF | 9.24% | - | - |
| 2028* IMF | 9.65% | - | - |
| 2027* IMF | 10.05% | - | - |
| 2026* IMF | 10.69% | - | - |
| 2025* IMF | 12.74% | - | - |
| 2025 | 12.74% | −0.51% | #2 |
| 2024 | 13.25% | −3.33% | #189 |
| 2023 | 16.57% | −8.88% | #189 |
| 2022 | 25.45% | +15.17% | #190 |
| 2021 | 10.29% | +12.85% | #189 |
| 2020 | -2.56% | −9.08% | #156 |
| 2019 | 6.52% | −1.29% | #185 |
| 2018 | 7.81% | +2.86% | #186 |
| 2017 | 4.96% | +0.92% | #184 |
| 2016 | 4.04% | −1.95% | #182 |
| 2015 | 5.99% | −2.59% | #184 |
| 2014 | 8.57% | −2.04% | #186 |
| 2013 | 10.61% | −3.07% | #184 |
| 2012 | 13.68% | +0.41% | #185 |
| 2011 | 13.27% | +2.40% | #186 |
Detected Pattern
Analysis
Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Norway's budget deficit was 12.74% in 2025. Ranked 2nd globally. This represents a 3.9% decrease from the previous year.
Norway's budget deficit peaked at 25.45% in 2022.
The lowest budget deficit in Norway was -2.56% in 2020.
Norway ranks 2nd globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Norway's budget deficit is projected to reach 12.74% by 2025 based on IMF projection.
The budget deficit of Norway in 2025 was 12.74%. This ranks 2nd in the world.
Cite this page
@misc{historysaid_norway_budget-deficit,
title = {Norway Budget Deficit},
url = {https://historysaid.com/norway/budget-deficit},
publisher = {HistorySaid},
year = {2026}
}