Interest, payable, Ratio of this level of government's expenditure on in Norway
Norway: Interest, payable, Ratio of this level of government's expenditure on was 0.4811 in 2020. ▼ Falling
Interest, payable, Ratio of this level of government's expenditure on in Norway, 1995–2020
Source: International Monetary Fund.
Analysis
In 2020, interest, payable, ratio of this level of government's expenditure on in Norway stood at 0.4811.
That represents a change of up 4.1% on the previous year and down 29.4% over ten years.
Over the whole period, interest, payable, ratio of this level of government's expenditure on in Norway peaked at 0.8642 in 2006 and was at its lowest, 0.4622, in 2019.
That places Norway 77th out of 80 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Interest, payable, Ratio of this level of government's expenditure on in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.7892 | — |
| 1996 | 0.8014 | +1.5% |
| 1997 | 0.8147 | +1.7% |
| 1998 | 0.7968 | -2.2% |
| 1999 | 0.7406 | -7.1% |
| 2000 | 0.7477 | +1.0% |
| 2001 | 0.7174 | -4.1% |
| 2002 | 0.6998 | -2.5% |
| 2003 | 0.7572 | +8.2% |
| 2004 | 0.7814 | +3.2% |
| 2005 | 0.8098 | +3.6% |
| 2006 | 0.8642 | +6.7% |
| 2007 | 0.8233 | -4.7% |
| 2008 | 0.7823 | -5.0% |
| 2009 | 0.7177 | -8.3% |
| 2010 | 0.6819 | -5.0% |
| 2011 | 0.6259 | -8.2% |
| 2012 | 0.5405 | -13.6% |
| 2013 | 0.5287 | -2.2% |
| 2014 | 0.5106 | -3.4% |
| 2015 | 0.5224 | +2.3% |
| 2016 | 0.4908 | -6.0% |
| 2017 | 0.4663 | -5.0% |
| 2018 | 0.5003 | +7.3% |
| 2019 | 0.4622 | -7.6% |
| 2020 | 0.4811 | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7886 | 0.7406 | 0.8147 | 5 |
| 2000s | 0.7701 | 0.6998 | 0.8642 | 10 |
| 2010s | 0.533 | 0.4622 | 0.6819 | 10 |
| 2020s | 0.4811 | 0.4811 | 0.4811 | 1 |
Countries ranked near Norway
- 74 United States of America 0.6405 compare
- 75 China 0.5654 compare
- 76 Germany 0.4889 compare
- 78 Switzerland 0.4464 compare
- 79 Canada 0.3464 compare
- 80 United Arab Emirates 0.0062 compare
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 interest, payable, ratio of this level of government's expenditure on in Norway?
- Interest, payable, ratio of this level of government's expenditure on in Norway was 0.4811 in 2020, according to International Monetary Fund.
- What is the highest interest, payable, ratio of this level of government's expenditure on recorded in Norway?
- The highest recorded value was 0.8642 in 2006.
- What is the lowest interest, payable, ratio of this level of government's expenditure on recorded in Norway?
- The lowest recorded value was 0.4622 in 2019.
- How does Norway rank for interest, payable, ratio of this level of government's expenditure on?
- Norway ranks 77th out of 80 countries with data for 2020.
- Is interest, payable, ratio of this level of government's expenditure on rising or falling in Norway?
- Over the last ten years it is down 29.4%. The long-run trend across the full record is falling.
- Where does this Norway data come from?
- The figures come from International Monetary Fund, published as part of Interest, payable, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.