Government Spending in Norway increased to 220854 NOK Million in the second quarter of 2021 from 216517 NOK Million in the first quarter of 2021. source: Statistics Norway

Government Spending in Norway averaged 142357.87 NOK Million from 1978 until 2021, reaching an all time high of 220854 NOK Million in the second quarter of 2021 and a record low of 72314 NOK Million in the second quarter of 1978. This page provides - Norway Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Government Spending - values, historical data and charts - was last updated on October of 2021.

Government Spending in Norway is expected to be 220700.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Government Spending is projected to trend around 234813.00 NOK Million in 2022 and 240918.00 NOK Million in 2023, according to our econometric models.

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Norway Government Spending

Norway Last Unit Reference Previous Highest Lowest
Government Debt to GDP 46.00 percent of GDP Dec/20 40.20 53.70 28.70
Government Budget -3.40 percent of GDP Dec/20 6.60 18.60 -3.40
Government Budget Value -68164.00 NOK Million Jun/21 -96018.00 198910.00 -114258.00
Government Spending 220854.00 NOK Million Jun/21 216517.00 220854.00 72314.00
Government Revenues 324179.00 NOK Million Jun/21 340618.00 404678.00 50596.00
Government Debt 628081.00 NOK Million Jun/21 765174.00 765174.00 8631.00
Fiscal Expenditure 392343.00 NOK Million Jun/21 436636.00 436636.00 74482.00

Norway Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.