Norway Total Debt: % of GDP

1995 - 2026 | Quarterly | % | CEIC Data

Key information about Norway Total Debt: % of GDP

  • Norway Total Debt accounted for 593.4 % of the country's GDP in 2026, compared with the ratio of 593.8 % in the previous quarter.
  • Norway Total Debt: % of GDP data is updated quarterly, available from Dec 1995 to Mar 2026.
  • The data reached an all-time high of 679.4 % in Dec 2020 and a record low of 391.7 % in Dec 1996.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as Total Liabilities less Equity & Investment Fund Shares. Liabilities of the Rest of the World are subtracted from Total Liabilities. Statistics Norway provides Total Debt in local currency and Nominal GDP in local currency.

View Norway's Total Debt: % of GDP from Dec 1995 to Mar 2026 in the chart:

Norway Total Debt: % of GDP

What was Norway's Total Debt: % of GDP in Mar 2026?

Norway Total Debt accounted for 593.4 % of the country's GDP in 2026, compared with the ratio of 593.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
593.4 Mar 2026 593.8 Dec 2025 391.7 Dec 1996 679.4 Dec 2020 % quarterly Dec 1995 - Mar 2026

Total Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Australia (%) 267.4 Mar 2026 quarterly Jun 1988 - Mar 2026
Austria (%) 516.0 Dec 2025 quarterly Mar 1999 - Dec 2025
Belgium (%) 696.1 Mar 2026 quarterly Dec 1998 - Mar 2026
Bulgaria (%) 348.2 2024 yearly 1995 - 2024
Canada (%) 944.6 Dec 2025 quarterly Mar 1990 - Dec 2025
Croatia (%) 411.3 Mar 2026 quarterly Dec 1995 - Mar 2026
Cyprus (%) 1,096.1 2025 yearly 1995 - 2025
Czech Republic (%) 388.0 Mar 2026 quarterly Mar 2004 - Mar 2026
Denmark (%) 830.8 2024 yearly 1994 - 2024
Estonia (%) 380.3 Mar 2026 quarterly Dec 2003 - Mar 2026
European Union (%) 680.8 2025 yearly 2001 - 2025
Finland (%) 600.6 2025 yearly 1995 - 2025
France (%) 937.4 Dec 2025 quarterly Mar 1996 - Dec 2025
Germany (%) 585.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Greece (%) 526.1 Dec 2025 quarterly Dec 1997 - Dec 2025
Hungary (%) 392.1 Mar 2026 quarterly Dec 1995 - Mar 2026
Iceland (%) 679.7 2024 yearly 2003 - 2024
Ireland (%) 865.8 Dec 2025 quarterly Mar 2002 - Dec 2025
Italy (%) 550.5 Dec 2025 quarterly Dec 1995 - Dec 2025
Japan (%) 1,156.9 Mar 2026 quarterly Jun 1998 - Mar 2026
South Korea (%) 705.8 Mar 2026 quarterly Dec 2008 - Mar 2026
Latvia (%) 339.8 Dec 2025 quarterly Mar 2004 - Dec 2025
Lithuania (%) 326.8 Sep 2025 quarterly Dec 1995 - Sep 2025
Luxembourg (%) 7,036.9 Mar 2026 quarterly Dec 1995 - Mar 2026
North Macedonia (%) 342.8 2025 yearly 2013 - 2025
Malta (%) 1,298.4 Mar 2026 quarterly Mar 2004 - Mar 2026
Mexico (%) 113.8 Mar 2026 quarterly Dec 2000 - Mar 2026
Netherlands (%) 958.3 Mar 2026 quarterly Mar 1999 - Mar 2026
New Zealand (%) 586.2 2023 yearly 2006 - 2023
Norway (%) 593.4 Mar 2026 quarterly Dec 1995 - Mar 2026
Poland (%) 298.0 Dec 2025 quarterly Mar 2004 - Dec 2025
Portugal (%) 450.3 Mar 2026 quarterly Dec 1995 - Mar 2026
Romania (%) 244.9 Mar 2026 quarterly Dec 1995 - Mar 2026
Slovakia (%) 363.2 Dec 2025 quarterly Dec 2012 - Dec 2025
Slovenia (%) 318.1 Mar 2026 quarterly Mar 2004 - Mar 2026
Spain (%) 551.3 Mar 2026 quarterly Dec 1995 - Mar 2026
Sweden (%) 753.4 Mar 2026 quarterly Mar 1996 - Mar 2026
Switzerland (%) 899.3 2025 yearly 1999 - 2025
Taiwan, China (%) 880.3 2024 yearly 2000 - 2024
Turkey (%) 245.6 Dec 2025 quarterly Dec 2014 - Dec 2025
Ukraine (%) 235.5 2021 yearly 2009 - 2021
United Kingdom (%) 823.8 Mar 2026 quarterly Mar 1987 - Mar 2026
United States (%) 721.7 Mar 2026 quarterly Dec 1951 - Mar 2026

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Norway Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 9.6 Mar 2026 quarterly Dec 2002 - Mar 2026
Consolidated Fiscal Balance (USD mn) 19,641.200 Mar 2026 quarterly Mar 2002 - Mar 2026
Tax Revenue (USD mn) 45,352.679 Mar 2026 quarterly Mar 2002 - Mar 2026
Tax Revenue: % of GDP (%) 30.5 Mar 2026 quarterly Mar 2002 - Mar 2026
National Government Debt (USD mn) 297,283.3 2025 yearly 1995 - 2025
Government Debt: % of GDP (%) 54.3 2025 yearly 1995 - 2025
Forecast: Government Expenditure (NOK bn) 3,485.594 2031 yearly 1980 - 2031
Forecast: Government Net Debt (NOK bn) 1,724.592 2031 yearly 1980 - 2031
Forecast: Government Revenue (NOK bn) 3,914.058 2031 yearly 1980 - 2031
General Govt Taxes: GS: Value Added Tax (NOK mn) 401,000.000 2025 yearly 1995 - 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 0.991 2031 yearly 1980 - 2031
Trade Balance (USD mn) 6,460.1 Jun 2026 monthly Jan 1957 - Jun 2026
Total Exports (USD mn) 16,516.6 Jun 2026 monthly Jan 1975 - Jun 2026
Total Exports Growth (%) 12.5 Jun 2026 monthly Jan 1976 - Jun 2026
Aluminum: Exports (USD th) 4,726,392.252 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 620,957.788 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 335,546.490 2025 yearly 1995 - 2025
Total Imports (USD mn) 10,056.6 Jun 2026 monthly Jan 1976 - Jun 2026
Total Imports Growth (%) 2.7 Jun 2026 monthly Jan 1977 - Jun 2026
Imports: Medicament (USD th) 2,202,970.618 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 1,099,855.887 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 669.029 Jun 2026 monthly Jan 1988 - Jun 2026
Total Imports from USA (USD mn) 637.826 Jun 2026 monthly Apr 1963 - Jun 2026
Total Exports to China (USD mn) 489.857 Jun 2026 monthly Mar 1977 - Jun 2026
Total Imports from China (USD mn) 1,214.417 Jun 2026 monthly Apr 1963 - Jun 2026
Exports: United Kingdom (NOK th) 23,360,876.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: Netherlands (NOK th) 16,382,261.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: Germany (NOK th) 24,423,432.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: Sweden (NOK th) 9,959,625.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: France (NOK th) 10,544,649.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: 1-Digit: Chemical and Related Product (NOK th) 7,072,670.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 14,658,271.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: 1-Digit: Manufactured Goods (NOK th) 9,550,259.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: 1-Digit: Food and Live Animals (NOK th) 14,863,544.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 103,015,474.000 Jun 2026 monthly Jan 1988 - Jun 2026
Import Volume Index: Animal and Vegetable Oil and Fats (2000=100) 387.900 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: sa: Beverages and Tobacco (2000=100) 269.300 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: sa: Machinery and Transport Equipment (2000=100) 211.200 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: sa: Food and Live Animals (2000=100) 190.600 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: Food and Live Animals (2000=100) 184.900 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: Beverages and Tobacco (2000=100) 243.100 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: sa (2000=100) 187.700 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: sa: Miscellaneous Manufactured Goods (2000=100) 148.600 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: Machinery and Transport Equipment (2000=100) 199.600 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: sa: Animal and Vegetable Oil and Fats (2000=100) 484.400 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index: Miscellaneous Manufactured Goods (2000=100) 148.300 Mar 2026 quarterly Mar 1989 - Mar 2026
Import Volume Index (2000=100) 181.200 Mar 2026 quarterly Mar 1989 - Mar 2026
Imports: Denmark (NOK th) 3,803,353.000 Jun 2026 monthly Jan 1988 - Jun 2026
Imports: China (NOK th) 11,637,395.000 Jun 2026 monthly Jan 1988 - Jun 2026
Imports: Sweden (NOK th) 10,414,246.000 Jun 2026 monthly Jan 1988 - Jun 2026
Imports: Germany (NOK th) 10,340,020.000 Jun 2026 monthly Jan 1988 - Jun 2026
Imports: United Kingdom (NOK th) 3,903,448.000 Jun 2026 monthly Jan 1988 - Jun 2026
Imports: 1-Digit: Miscellaneous Manufactured Goods (NOK th) 11,844,871.000 Jun 2026 monthly Jan 1988 - Jun 2026
Imports: 1-Digit: Machinery and Transport Equipment (NOK th) 36,122,150.000 Jun 2026 monthly Jan 1988 - Jun 2026
Imports: 1-Digit: Manufactured Goods (NOK th) 12,850,756.000 Jun 2026 monthly Jan 1988 - Jun 2026
Imports: 1-Digit: Chemical and Related Product (NOK th) 10,799,411.000 Jun 2026 monthly Jan 1988 - Jun 2026
Exports: Crude Oil (NOK mn) 36,398.000 Jun 2026 monthly Jan 1974 - Jun 2026
Imports (NOK mn) 96,369.000 Jun 2026 monthly Jan 1976 - Jun 2026
Exports (NOK mn) 158,274.000 Jun 2026 monthly Jan 1975 - Jun 2026
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3,522.4 Mar 2026 quarterly Mar 1994 - Mar 2026
Current Account Balance (USD mn) 21,146.8 Jun 2025 quarterly Mar 1981 - Jun 2025
Current Account Balance: % of GDP (%) 18.5 Mar 2026 quarterly Mar 1981 - Mar 2026
Foreign Direct Investment (USD mn) -266.7 Mar 2026 quarterly Mar 2005 - Mar 2026
Foreign Direct Investment: % of GDP (%) 0.7 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment (USD mn) 12,362.133 Mar 2026 quarterly Mar 1994 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) 8.3 Mar 2026 quarterly Mar 1994 - Mar 2026
Foreign Portfolio Investment: Equity Securities (USD mn) 1,988.9 Mar 2026 quarterly Mar 2005 - Mar 2026
Foreign Portfolio Investment: Debt Securities (USD mn) 10,373.201 Mar 2026 quarterly Mar 2005 - Mar 2026
External Debt (USD mn) 875,596.2 Mar 2026 quarterly Mar 2003 - Mar 2026
External Debt: % of GDP (%) 156.3 2025 yearly 2003 - 2025
External Debt: Short Term (USD mn) 326,478.2 Mar 2026 quarterly Mar 2012 - Mar 2026
External Debt: Short Term: % of GDP (%) 54.4 2025 yearly 2012 - 2025
Total Debt: % of GDP (%) 593.4 Mar 2026 quarterly Dec 1995 - Mar 2026
Forecast: Current Account Balance (USD bn) 68.920 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 2,004,360.416 Mar 2026 quarterly Mar 2012 - Mar 2026
BoP: Financial Account (FA): Foreign Assets (NOK mn) 398,363.000 Mar 2026 quarterly Mar 2005 - Mar 2026
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 304,813.000 Mar 2026 quarterly Mar 2005 - Mar 2026
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 34,242.000 Mar 2026 quarterly Mar 2005 - Mar 2026
BoP: FA: Foreign Liabilities (NOK mn) 147,957.000 Mar 2026 quarterly Mar 2005 - Mar 2026
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) 60,864.000 Mar 2026 quarterly Mar 2005 - Mar 2026
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 30,374.000 Mar 2026 quarterly Mar 2005 - Mar 2026
BoP: FA: Foreign Assets: Other Investments (NOK mn) -32,823.000 Mar 2026 quarterly Mar 2005 - Mar 2026
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) -2,593.000 Mar 2026 quarterly Mar 2005 - Mar 2026
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 120,176.000 Mar 2026 quarterly Mar 2005 - Mar 2026
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 52,737.000 Mar 2026 quarterly Mar 1981 - Mar 2026
BoP: BI: Net Current Transfers (NOK mn) -12,001.000 Mar 2026 quarterly Mar 1981 - Mar 2026
BoP: Current Account Balance (NOK mn) 266,830.000 Mar 2026 quarterly Mar 1981 - Mar 2026
Gross External Debt (NOK mn) 8,533,035.000 Mar 2026 quarterly Mar 2012 - Mar 2026
International Investment Position (IIP): Foreign Assets: Net (NOK mn) 19,533,294.000 Mar 2026 quarterly Mar 2012 - Mar 2026
IIP: Foreign Assets (NOK mn) 31,832,959.000 Mar 2026 quarterly Mar 2012 - Mar 2026
IIP: Foreign Liabilities (NOK mn) 12,299,665.000 Mar 2026 quarterly Mar 2012 - Mar 2026
Gross Debt: External Loan Debt: General Public (NOK mn) 1,222,575.000 Dec 2018 quarterly Dec 2015 - Dec 2018
No of Bankruptcies: SIC 2007 (Unit) 920.000 Mar 2026 quarterly Mar 2006 - Mar 2026
No of New Registered Enterprises (Unit) 18,092.000 Mar 2026 quarterly Mar 2001 - Mar 2026
Foreign Direct Investment: Stock (NOK mn) 1,873,497.000 2023 yearly 2004 - 2023
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 7,402.000 2023 yearly 1998 - 2023
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 96,245.000 2023 yearly 1998 - 2023
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 19,104.000 2023 yearly 2004 - 2023
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 205,055.000 2023 yearly 1998 - 2023
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 295,556.000 2023 yearly 1998 - 2023
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 2022 yearly 1990 - 2022
Household Debt: % of GDP (%) 89.5 Mar 2026 quarterly Dec 1995 - Mar 2026
Money Supply M1 (USD mn) 339,143.442 May 2026 monthly Dec 1992 - May 2026
Money Supply M2 (USD mn) 389,273.430 May 2026 monthly Dec 1992 - May 2026
M2 Growth (%) 6.5 May 2026 monthly Dec 1993 - May 2026
Reserve Requirement Ratio (%) 3.3 Jun 2026 monthly Oct 2011 - Jun 2026
Foreign Exchange Reserves (USD mn) 81,696.0 Jun 2026 monthly Jan 1999 - Jun 2026
Foreign Exchange Reserves: % of GDP (%) 14.273 Mar 2026 quarterly Mar 1999 - Mar 2026
Foreign Exchange Reserves: Months of Import (NA) 8.4 Jun 2026 monthly Jan 1999 - Jun 2026
Gold Reserves (USD mn) 0.000 Jun 2026 monthly Dec 1959 - Jun 2026
Total Deposits (USD mn) 593,447.231 May 2026 monthly Jan 1996 - May 2026
Total Deposits Growth (%) 5.9 May 2026 monthly Jan 1997 - May 2026
Domestic Credit (USD mn) 861,518.9 May 2026 monthly Dec 1985 - May 2026
Domestic Credit Growth (%) 4.2 May 2026 monthly Dec 1986 - May 2026
Debt Service Ratio: Households (%) 20.800 Sep 2025 quarterly Mar 1999 - Sep 2025
Debt Service Ratio: Private Non-Financial Sector (%) 28.100 Dec 2025 quarterly Mar 1999 - Dec 2025
Credit to Households (USD bn) 478.576 Dec 2025 quarterly Mar 1975 - Dec 2025
Credit to Private Non-Financial Sector (USD bn) 1,221.045 Dec 2025 quarterly Dec 1953 - Dec 2025
Household Debt (USD mn) 507,556.9 Mar 2026 quarterly Dec 1995 - Mar 2026
Total Loans (USD mn) 898,154.617 Mar 2026 monthly Mar 1996 - Mar 2026
Total Loans Growth (%) 3.71 Mar 2026 monthly Mar 1997 - Mar 2026
Private Debt: % of Nominal GDP (%) 119.15 Mar 2026 quarterly Mar 1996 - Mar 2026
Monetary Aggregates: M3: M2 (NOK mn) 3,596,614.000 May 2026 monthly Dec 1992 - May 2026
Monetary Aggregates: Base Money (NOK mn) 153,128.000 May 2026 monthly Jan 1900 - May 2026
Monetary Aggregates: M3: M2: M1 (NOK mn) 3,133,448.000 May 2026 monthly Dec 1992 - May 2026
Monetary Aggregates: M3: sa (NOK mn) 3,595,668.000 May 2026 monthly Jan 2008 - May 2026
Monetary Aggregates: M3 (NOK mn) 3,611,682.000 May 2026 monthly Jan 2008 - May 2026
Monetary Aggregates: M2: YoY (%) 7.100 May 2026 monthly Jan 2009 - May 2026
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 715,009.000 Jun 2026 monthly Jan 1999 - Jun 2026
Official Reserve Assets (NOK mn) 897,605.000 Jun 2026 monthly Jan 1999 - Jun 2026
Domestic Debt C2 (NOK mn) 7,959,832.000 May 2026 monthly Dec 1985 - May 2026
Bank Deposits (NOK mn) 5,483,037.000 May 2026 monthly Jan 1996 - May 2026
Loans: Banks (NOK mn) 5,100,212.000 May 2026 monthly Jan 1996 - May 2026
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Non Performing Loans Ratio: Enterprises (%) 0.500 2022 yearly 1990 - 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 6.1 Nov 2025 monthly Feb 2005 - Nov 2025
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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