National Debt (% of GDP): Norway
Norway's national debt (% of gdp) is currently 42.5% as of 2026. # Norway National Debt (% of GDP) Norway's national debt stands at 42.
Current (2026)
42.5%
-0.5% y/y
Peak (1993)
53.7%
Low (1998)
23.6%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
National Debt (% of GDP) — Norway
1980 — 2026
National Debt (% of GDP) — Norway
Analysis# Norway National Debt (% of GDP)
Norway's national debt stands at 42.5% of GDP in 2026, positioned comfortably between its all-time peak of 53.7% in 1993 and its lowest point of 23.6% in 1998. Since 1980, the country has reduced its debt burden by 10.9 percentage points overall, demonstrating a long-term commitment to fiscal stability despite short-term fluctuations.
The 2020 pandemic spike to 46% represents the most significant recent deviation from trend, though Norway quickly returned toward its mid-40s range by 2021. Current projections suggest the debt ratio will stabilize around 42–43% through 2026, indicating neither acceleration nor substantial decline. This stability reflects Norway's economic resilience and access to substantial sovereign wealth, allowing the nation to manage debt levels well below the concerning thresholds observed in many developed economies.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 40.0% | +1.78% |
| 2029 | 39.3% | -5.07% |
| 2028 | 41.4% | -1.43% |
| 2027 | 42.0% | -1.18% |
| 2026 | 42.5% | -0.47% |
| 2025 | 42.7% | +0.00% |
| 2024 | 42.7% | -3.17% |
| 2023 | 44.1% | +22.16% |
| 2022 | 36.1% | -13.22% |
| 2021 | 41.6% | -9.57% |
| 2020 | 46.0% | +13.58% |
| 2019 | 40.5% | +3.05% |
| 2018 | 39.3% | +2.88% |
| 2017 | 38.2% | +0.79% |
| 2016 | 37.9% | +10.50% |
| 2015 | 34.3% | +15.88% |
| 2014 | 29.6% | -5.73% |
| 2013 | 31.4% | +1.62% |
| 2012 | 30.9% | +4.39% |
| 2011 | 29.6% | -31.16% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 43.0% | +1.18% |
| 2009 | 42.5% | -10.53% |
| 2008 | 47.5% | -4.04% |
| 2007 | 49.5% | -5.89% |
| 2006 | 52.6% | +24.35% |
| 2005 | 42.3% | -3.42% |
| 2004 | 43.8% | +1.62% |
| 2003 | 43.1% | +27.14% |
| 2002 | 33.9% | +24.63% |
| 2001 | 27.2% | -5.23% |
| 2000 | 28.7% | +14.80% |
| 1999 | 25.0% | +5.93% |
| 1998 | 23.6% | -8.53% |
| 1997 | 25.8% | -9.15% |
| 1996 | 28.4% | -13.15% |
| 1995 | 32.7% | -35.38% |
| 1994 | 50.6% | -5.77% |
| 1993 | 53.7% | +19.33% |
| 1992 | 45.0% | +14.80% |
| 1991 | 39.2% | +35.64% |
| 1990 | 28.9% | -10.53% |
| 1989 | 32.3% | -0.31% |
| 1988 | 32.4% | -15.84% |
| 1987 | 38.5% | -16.30% |
| 1986 | 46.0% | +24.66% |
| 1985 | 36.9% | +4.83% |
| 1984 | 35.2% | -0.56% |
| 1983 | 35.4% | -8.05% |
| 1982 | 38.5% | -11.29% |
| 1981 | 43.4% | -9.01% |
| 1980 | 47.7% | — |
Related Data
Other Metrics
For Norway
Compare National Debt
Same metric, other countries
Demographics
People & population data