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Norway Government Debt to GDP

General government gross debt as % of GDP  GGXWDG_NGDP

42.72% +0.00% (+0.0%)
Year 2025 Rank #119 Global Peak 53.65% (1993) Source IMF WEO

Norway Government Debt to GDP (1980–2025)

Overview

Norway's government debt to gdp stood at 42.72% in 2025, a rise of +0.00% from 2024. The IMF projects 42.72% by 2025. Norway ranked 119th globally.

Data & projection

Year Government Debt to GDP YoY change Rank
2030* IMF 40.00% - -
2029* IMF 39.25% - -
2028* IMF 41.39% - -
2027* IMF 42.03% - -
2026* IMF 42.52% - -
2025* IMF 42.72% - -
2025 42.72% +0.00% #119
2024 42.72% −1.41% #61
2023 44.13% +8.07% #66
2022 36.06% −5.52% #43
2021 41.57% −4.45% #50
2020 46.03% +5.54% #58
2019 40.49% +1.14% #65
2018 39.35% +1.16% #65
2017 38.19% +0.32% #57
2016 37.87% +3.60% #60
2015 34.27% +4.66% #60
2014 29.61% −1.79% #65
2013 31.40% +0.50% #72
2012 30.89% +1.28% #72
2011 29.61% −13.34% #68
Show all years (1980-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +12.0% GDP growth 3.9% C/A balance 14.8%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →

The provided news headlines focus on the financial performance of two specific companies, BIO-key and Standard Lithium. Neither headline contains any information or context related to Norway's economy, its government's financial position, or its Government Debt to GDP. Therefore, these developments do not relate to Norway's Government Debt to GDP.

Frequently Asked Questions

What is Norway's government debt to gdp?

Norway's government debt to gdp was 42.72% in 2025. Ranked 119th globally. This represents a 0.0% increase from the previous year.

What was the highest government debt to gdp in Norway?

Norway's government debt to gdp peaked at 53.65% in 1993.

What was the lowest government debt to gdp in Norway?

The lowest government debt to gdp in Norway was 23.57% in 1998.

How does Norway rank in government debt to gdp?

Norway ranks 119th globally in government debt to gdp as of 2025.

What is the World Bank indicator code for government debt to gdp?

The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.

What is the projected government debt to gdp of Norway in 2025?

Norway's government debt to gdp is projected to reach 42.72% by 2025 based on IMF projection.

What is the government debt to gdp of Norway in 2025?

The government debt to gdp of Norway in 2025 was 42.72%. This ranks 119th in the world.

Cite this page

APA
Norway Government Debt to GDP. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/norway/government-debt-to-gdp
BibTeX
@misc{historysaid_norway_government-debt-to-gdp, title = {Norway Government Debt to GDP}, url = {https://historysaid.com/norway/government-debt-to-gdp}, publisher = {HistorySaid}, year = {2026} }

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