European Union vs Norway: Net lending (+) / net borrowing (-)
Net lending (+) / net borrowing (-) over time
- European Union
- Norway
How they compare
Norway currently reports 13.6% against -2.6% in European Union, a difference of 16.2%.
That makes Norway's figure about 5.2 times European Union's.
Across all 52 years both countries report, Norway has been ahead every year.
European Union ranks 8th and Norway ranks 2nd of 26 groups.
Norway has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | European Union | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -1.4% | 1.3% | 2.7% | Norway |
| 1980s | -2.8% | 4.5% | 7.3% | Norway |
| 1990s | -2.8% | 2.5% | 5.3% | Norway |
| 2000s | -1.7% | 13.8% | 15.5% | Norway |
| 2010s | -2.2% | 9.0% | 11.2% | Norway |
| 2020s | -4.1% | 12.7% | 16.8% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net lending (+) / net borrowing (-), European Union or Norway?
- Norway, at 13.6% against -2.6% in European Union as of 2024.
- What is the difference in net lending (+) / net borrowing (-) between European Union and Norway?
- 16.2%, with Norway ahead.
- How many years of comparable data are there for European Union and Norway?
- 52 years are reported by both, from 1973 to 2024.
- How do European Union and Norway rank globally for net lending (+) / net borrowing (-)?
- European Union ranks 8th and Norway ranks 2nd of 26 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net lending (+) / net borrowing (-) (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.