Norway recorded a Government Budget surplus equal to 13.20 percent of the country's Gross Domestic Product in 2024. Government Budget in Norway averaged 10.29 percent of GDP from 1995 until 2024, reaching an all time high of 25.50 percent of GDP in 2022 and a record low of -2.60 percent of GDP in 2020. source: EUROSTAT
Government Budget in Norway is expected to reach 11.50 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Government Budget is projected to trend around 7.50 percent of GDP in 2026 and 6.00 percent of GDP in 2027, according to our econometric models.