Cyclically adjusted balance, General government, Percent of potential in Norway
Norway: Cyclically adjusted balance, General government, Percent of potential was -10.33 in 2030. ◆ Volatile
Cyclically adjusted balance, General government, Percent of potential in Norway, 1991–2030
Source: International Monetary Fund.
Analysis
In 2030, cyclically adjusted balance, general government, percent of potential in Norway stood at -10.33. That is the lowest value across all 40 years on record.
Compared with earlier readings it is down 0.2% on the previous year and down 1.5% over ten years.
Over the whole period, cyclically adjusted balance, general government, percent of potential in Norway peaked at -0.9056 in 2000 and was at its lowest, -10.33, in 2030.
That places Norway 88th out of 88 countries with data for 2030, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Cyclically adjusted balance, General government, Percent of potential in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | -6.62 | — |
| 1992 | -7.3 | +10.3% |
| 1993 | -6.63 | -9.2% |
| 1994 | -5.7 | -14.0% |
| 1995 | -4.02 | -29.4% |
| 1996 | -2.99 | -25.6% |
| 1997 | -2.56 | -14.6% |
| 1998 | -3.75 | +46.6% |
| 1999 | -2.96 | -21.1% |
| 2000 | -0.9056 | -69.4% |
| 2001 | -0.9663 | +6.7% |
| 2002 | -1.91 | +98.1% |
| 2003 | -2.03 | +6.3% |
| 2004 | -2.2 | +8.3% |
| 2005 | -2.18 | -1.0% |
| 2006 | -1.96 | -9.9% |
| 2007 | -1.91 | -2.7% |
| 2008 | -2.09 | +9.3% |
| 2009 | -3.57 | +70.8% |
| 2010 | -3.73 | +4.5% |
| 2011 | -3.28 | -12.0% |
| 2012 | -3.79 | +15.4% |
| 2013 | -4.1 | +8.3% |
| 2014 | -4.76 | +16.0% |
| 2015 | -5.54 | +16.4% |
| 2016 | -6.56 | +18.3% |
| 2017 | -6.58 | +0.4% |
| 2018 | -5.8 | -11.9% |
| 2019 | -6.49 | +11.9% |
| 2020 | -10.18 | +57.0% |
| 2021 | -7.92 | -22.2% |
| 2022 | -5.75 | -27.5% |
| 2023 | -7.03 | +22.3% |
| 2024 | -7.98 | +13.6% |
| 2025 | -10.08 | +26.3% |
| 2026 | -10.24 | +1.5% |
| 2027 | -10.27 | +0.3% |
| 2028 | -10.29 | +0.2% |
| 2029 | -10.32 | +0.2% |
| 2030 | -10.33 | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -4.72 | -7.3 | -2.56 | 9 |
| 2000s | -1.97 | -3.57 | -0.9056 | 10 |
| 2010s | -5.06 | -6.58 | -3.28 | 10 |
| 2020s | -9.01 | -10.32 | -5.75 | 10 |
| 2030s | -10.33 | -10.33 | -10.33 | 1 |
Countries ranked near Norway
More public sector data for Norway
- Arms imports 349.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 62.63 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0007 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 74.5 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 349.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,873 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0208 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 18.61 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 10.44 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 549.04 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is cyclically adjusted balance, general government, percent of potential in Norway?
- Cyclically adjusted balance, general government, percent of potential in Norway was -10.33 in 2030, according to International Monetary Fund.
- What is the highest cyclically adjusted balance, general government, percent of potential recorded in Norway?
- The highest recorded value was -0.9056 in 2000.
- What is the lowest cyclically adjusted balance, general government, percent of potential recorded in Norway?
- The lowest recorded value was -10.33 in 2030.
- How does Norway rank for cyclically adjusted balance, general government, percent of potential?
- Norway ranks 88th out of 88 countries with data for 2030.
- Is cyclically adjusted balance, general government, percent of potential rising or falling in Norway?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from International Monetary Fund, published as part of Cyclically adjusted balance, General government, Percent of potential GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October