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Norway - Government Debt to GDP 2024

Name: Norway Government Debt to GDP 2024
Creator: IMF WEO
License: https://creativecommons.org/licenses/by/4.0/

General government gross debt as % of GDP · IMF WEO

42.72% −1.41% from 2023 Global rank: 61st

Norway's government debt to gdp was 42.72% in 2024, decreased +1.41% from 44.13% in 2023. This was the 61st highest globally.

Global Ranking - 2024▾

Government Debt to GDP by Country - 2024
Rank	Country	Value	YoY
1st	Liechtenstein	0.49%	3.2%
2nd	Brunei Darussalam	2.29%	-1.9%
3rd	Kuwait	2.92%	-6.7%
4th	Turkmenistan	4.11%	-24.7%
5th	Tuvalu	6.96%	4.3%
6th	Afghanistan	8.80%	4.6%
7th	Hong Kong SAR, China	9.25%	46.1%
8th	Kiribati	9.92%	-13.1%
9th	Micronesia, Federated States of	10.92%	-15.1%
10th	Marshall Islands	13.22%	-27.4%
11th	Timor-Leste	13.33%	7.1%
12th	Haiti	15.50%	-45.5%
13th	Puerto Rico (US)	16.87%	1.7%
14th	Nauru	17.39%	-15.0%
15th	Russian Federation	20.25%	4.0%
16th	Azerbaijan	21.67%	-0.6%
17th	Solomon Islands	22.09%	8.8%
18th	Congo, Democratic Republic of	22.55%	-16.4%
19th	Estonia	23.41%	16.5%
20th	Türkiye	24.04%	-16.2%
21st	Bulgaria	24.08%	5.2%
22nd	Guyana	24.31%	-8.8%
23rd	Kazakhstan	24.38%	6.1%
24th	Tajikistan	24.95%	-16.7%
25th	Samoa	25.17%	-20.9%
26th	Cambodia	25.90%	-1.4%
27th	Saudi Arabia	26.15%	13.8%
28th	Luxembourg	26.29%	6.5%
29th	Guatemala	26.32%	-3.3%
30th	Bosnia and Herzegovina	29.53%	1.9%
31st	Botswana	29.87%	32.7%
32nd	Viet Nam	31.27%	-8.7%
33rd	Denmark	31.45%	-6.9%
34th	Peru	32.15%	-0.9%
35th	Comoros	32.16%	12.0%
36th	Uzbekistan	32.66%	1.5%
37th	Chad	32.66%	1.3%
38th	Djibouti	32.86%	-7.3%
39th	Sweden	32.99%	3.7%
40th	Andorra	33.23%	-6.3%
41st	Iran, Islamic Republic of	33.99%	14.7%
42nd	United Arab Emirates	34.94%	9.5%
43rd	Oman	35.52%	-5.3%
44th	Georgia	36.10%	-7.3%
45th	Equatorial Guinea	36.44%	-6.8%
46th	Tonga	36.96%	-14.5%
47th	Switzerland	37.52%	-3.0%
48th	Kyrgyz Republic	37.52%	-10.6%
49th	Lithuania	38.22%	2.4%
50th	Ireland	38.77%	-7.8%
51st	Moldova	38.78%	11.0%
52nd	Nicaragua	39.15%	-7.4%
53rd	Eswatini	39.21%	-0.4%
54th	Nigeria	39.33%	8.2%
55th	Belarus	39.89%	-2.1%
56th	Indonesia	40.17%	1.4%
57th	Bangladesh	40.97%	3.1%
58th	Qatar	41.18%	-5.7%
59th	Chile	41.65%	5.7%
60th	Sierra Leone	41.74%	-15.6%
61st	Norway	42.72%	-3.2%
62nd	Mauritania	42.82%	-9.1%
63rd	Cameroon	42.83%	-0.7%
64th	Czechia	43.34%	2.6%
65th	Netherlands	43.80%	-4.6%
66th	Mongolia	44.06%	-5.7%
67th	Serbia	44.48%	-2.6%
68th	Paraguay	44.77%	9.0%
69th	Vanuatu	45.34%	8.5%
70th	Malta	46.17%	-1.4%
71st	Iraq	46.46%	10.4%
72nd	Latvia	46.76%	4.7%
73rd	Honduras	47.07%	-1.6%
74th	Niger	47.22%	-8.9%
75th	Algeria	48.07%	0.9%
76th	Nepal	48.33%	2.9%
77th	Guinea	48.84%	21.0%
78th	Korea	49.82%	-1.4%
79th	Tanzania	49.86%	4.3%
80th	Armenia	49.96%	-1.0%
81st	New Zealand	50.24%	7.1%
82nd	Madagascar	50.33%	-4.4%
83rd	South Sudan	50.68%	-2.4%
84th	Australia	50.72%	2.3%
85th	Uganda	51.49%	1.9%
86th	Mali	51.73%	-0.3%
87th	Burundi	52.02%	-10.4%
88th	Papua New Guinea	52.08%	-3.3%
89th	Benin	53.44%	-2.7%
90th	Ecuador	53.75%	-1.1%
91st	St. Kitts and Nevis	53.82%	-3.4%
92nd	North Macedonia	54.83%	7.9%
93rd	Poland	55.27%	11.6%
94th	Albania	56.03%	-3.4%
95th	Philippines	56.63%	0.3%
96th	Lesotho	56.83%	-7.5%
97th	Liberia	57.18%	-1.1%
98th	Slovak Republic	57.23%	2.9%
99th	Burkina Faso	57.25%	0.8%
100th	Panama	57.38%	12.0%
101st	Romania	57.44%	10.2%
102nd	Croatia	57.56%	-6.9%
103rd	Seychelles	57.61%	4.2%
104th	Mexico	58.31%	10.8%
105th	Dominican Republic	58.79%	-2.8%
106th	Côte d'Ivoire	59.25%	3.0%
107th	Myanmar	59.34%	0.5%
108th	Iceland	59.45%	-3.4%
109th	Costa Rica	59.75%	-2.2%
110th	Angola	59.91%	-17.3%
111th	Central African Republic	60.66%	9.0%
112th	Montenegro	60.76%	2.0%
113th	Colombia	61.24%	10.4%
114th	Jamaica	62.43%	-6.2%
115th	Thailand	63.20%	1.4%
116th	Germany	63.47%	1.7%
117th	San Marino	63.94%	-6.4%
118th	Trinidad and Tobago	64.58%	7.3%
119th	São Tomé and Principe	64.81%	-11.5%
120th	Cyprus	65.09%	-11.6%
121st	Belize	65.44%	-3.1%
122nd	West Bank and Gaza	65.57%	35.2%
123rd	Palau	66.26%	-13.3%
124th	Slovenia	66.59%	-2.5%
125th	Rwanda	67.24%	6.0%
126th	Kenya	67.34%	-8.3%
127th	Antigua and Barbuda	67.58%	-11.5%
128th	Israel	67.64%	10.3%
129th	Namibia	67.70%	0.8%
130th	Morocco	67.73%	-1.4%
131st	Uruguay	68.69%	7.3%
132nd	Malaysia	70.08%	0.5%
133rd	Aruba	70.16%	-14.9%
134th	Ghana	70.35%	-11.1%
135th	Pakistan	70.39%	-10.3%
136th	Yemen, Republic of	70.94%	-8.9%
137th	Togo	72.09%	5.1%
138th	Grenada	72.70%	-2.5%
139th	Gabon	72.72%	3.0%
140th	Zimbabwe	73.05%	-4.0%
141st	Hungary	73.45%	0.7%
142nd	Bahamas, The	73.81%	-5.7%
143rd	South Africa	75.97%	3.7%
144th	St. Lucia	76.60%	1.8%
145th	Fiji	79.11%	-4.6%
146th	Gambia, The	79.96%	-0.4%
147th	Austria	80.79%	2.9%
148th	India	81.64%	1.1%
149th	Finland	82.15%	6.0%
150th	Guinea-Bissau	82.21%	3.5%
151st	Tunisia	83.39%	-0.7%
152nd	Argentina	84.65%	-45.2%
153rd	Brazil	87.28%	3.9%
154th	Suriname	87.29%	-11.1%
155th	El Salvador	87.51%	2.9%
156th	Malawi	87.58%	1.0%
157th	Mauritius	87.92%	7.9%
158th	China	88.32%	7.7%
159th	Ukraine	89.72%	10.5%
160th	Jordan	90.23%	1.4%
161st	Egypt, Arab Republic of	90.93%	-5.2%
162nd	St. Vincent and the Grenadines	92.68%	3.6%
163rd	Mozambique	93.22%	2.6%
164th	Portugal	94.93%	-2.9%
165th	Bolivia, Plurinational State of	97.95%	7.9%
166th	Congo, Republic of	98.03%	-4.7%
167th	Dominica	99.88%	0.1%
168th	Lao PDR	100.48%	-13.8%
169th	Sri Lanka	100.84%	-8.6%
170th	United Kingdom	101.23%	0.9%
171st	Spain	101.65%	-3.3%
172nd	Belgium	104.71%	1.4%
173rd	Barbados	104.81%	-6.0%
174th	Bhutan	110.44%	-5.6%
175th	Cabo Verde	111.23%	-5.3%
176th	Canada	111.30%	3.3%
177th	France	113.15%	3.2%
178th	Zambia	114.94%	-10.9%
179th	United States	122.32%	2.1%
180th	Senegal	128.43%	8.5%
181st	Maldives	133.32%	8.9%
182nd	Bahrain	133.38%	8.4%
183rd	Italy	135.33%	0.5%
184th	Greece	154.79%	-6.3%
185th	Lebanon	163.76%	-15.1%
186th	Singapore	173.51%	0.4%
187th	Japan	236.11%	-1.8%
188th	Sudan	261.43%	0.6%

FAQ

What was Norway's government debt to gdp in 2024?▾

Norway's government debt to gdp in 2024 was 42.72%. This ranked 61st globally.

How did Norway's government debt to gdp change in 2024?▾

Norway's government debt to gdp decreased by 3.2% in 2024 compared to 2023.

Which country had the highest government debt to gdp in 2024?▾

Sudan had the highest government debt to gdp in 2024 at 261.43%.

What is the government debt to gdp of Norway in 2024?▾

The government debt to gdp of Norway in 2024 was 42.72%. This ranked 61st globally.

How does 2024 compare to 2023 for Norway's government debt to gdp?▾

Norway's government debt to gdp went from 44.13% in 2023 to 42.72% in 2024, a 3.2% decrease.

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