Norway Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
Norway's interest payments to revenue was 0.83% in 2025, ranked 103rd globally. This represents a 19.4% decrease from 2024. Data from World Bank, covering 1972–2025.
Overview
Norway's interest payments to revenue stood at 0.83% in 2025, a decline of +0.20pp from 2023. Based on recent trends, this figure is projected to reach 0.83% by 2025. Norway ranked 103rd globally.
Norway’s interest payments as a share of revenue have fallen dramatically since the series began in 1972, when they stood at 2.55%, reaching an all‑time peak of 7.37% in 1987 before declining to a historic low of 0.39% in 2021. By 2025 the ratio had risen modestly to 0.83%, placing Norway at 103rd in the world and just below Switzerland’s 0.82% and above Tonga’s 0.76% among the nearest peers. The long‑term downward trajectory reflects Norway’s strong fiscal buffers, low borrowing costs and the accumulation of sovereign wealth assets that have reduced reliance on debt financing. Nevertheless, the slight uptick from the 2021 trough suggests that higher global interest rates or expanded fiscal spending could temper the decline. Continued prudence in debt management and stable commodity revenues are likely to keep the ratio low, but a sustained rise in borrowing costs could reverse the trend.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 0.88% | - | - |
| 2025* trend | 0.83% | - | - |
| 2025 | 0.83% | −0.20pp | #103 |
| 2023 | 1.03% | +0.58pp | #7 |
| 2022 | 0.46% | +0.07pp | #6 |
| 2021 | 0.39% | −0.32pp | #7 |
| 2020 | 0.72% | +0.03pp | #11 |
| 2019 | 0.68% | −0.02pp | #11 |
| 2018 | 0.70% | +0.03pp | #9 |
| 2017 | 0.68% | −0.14pp | #11 |
| 2016 | 0.82% | −0.14pp | #12 |
| 2015 | 0.96% | +0.02pp | #13 |
| 2014 | 0.94% | −0.06pp | #14 |
| 2013 | 1.00% | −0.04pp | #12 |
| 2012 | 1.03% | −0.45pp | #15 |
| 2011 | 1.49% | −0.34pp | #21 |
| 2010 | 1.83% | −0.46pp | #24 |
Detected Pattern
Analysis
Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Norway's interest payments to revenue was 0.83% in 2025. Ranked 103rd globally. This represents a 19.4% decrease from the previous year.
Norway's interest payments to revenue peaked at 7.37% in 1987.
The lowest interest payments to revenue in Norway was 0.39% in 2021.
Norway ranks 103rd globally in interest payments to revenue as of 2025.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
Norway's interest payments to revenue is projected to reach 0.83% by 2025 based on trend extrapolation.
The interest payments to revenue of Norway in 2025 was 0.83%. This ranks 103rd in the world.
Cite this page
@misc{historysaid_norway_interest-to-revenue,
title = {Norway Interest Payments to Revenue},
url = {https://historysaid.com/norway/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}