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Norway Fiscal Balance
12.8% GDPas of 2024
Norway's fiscal balance stands at 12.8% GDP as of 2024. The indicator has increased from 8.3% in 2014 to 12.8% in 2024. Source: IMF WEO.
Historical trend (2014–2024)
Fiscal Balance — Year by Year
| Year | Value | Change |
|---|---|---|
| 2014 | 8.3% GDP | — |
| 2015 | 5.8% GDP | -2.5pp |
| 2016 | 3.9% GDP | -1.9pp |
| 2017 | 4.8% GDP | +0.9pp |
| 2018 | 7.6% GDP | +2.8pp |
| 2019 | 6.3% GDP | -1.3pp |
| 2020 | -2.5% GDP | -8.8pp |
| 2021 | 9.9% GDP | +12.4pp |
| 2022 | 24.7% GDP | +14.8pp |
| 2023 | 15.9% GDP | -8.8pp |
| 2024 | 12.8% GDP | -3.1pp |
Source: IMF WEO. Data retrieved from World Bank WDI and IMF WEO databases. Values represent official estimates; may be subject to revision.