Interest payments in Norway
Norway: Interest payments was 45.49 billion current LCU in 2024. ◆ Volatile
Latest (2024)
45.49 billion current LCU
Change on year
up 59.2%
World rank
68th
of 155 countries
All-time high
51.92 billion current LCU
in 2007
All-time low
950.00 million current LCU
in 1972
Years of data
53
1972–2024
Interest payments in Norway, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Norway recorded 45.49 billion current LCU for interest payments in 2024.
Compared with earlier readings it is up 59.2% on the previous year and up 234.6% over ten years.
Over the whole period, interest payments in Norway peaked at 51.92 billion current LCU in 2007 and was at its lowest, 950.00 million current LCU, in 1972.
Norway ranks 68th of 155 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Norway, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 950.00 million current LCU | — |
| 1973 | 1.12 billion current LCU | +17.6% |
| 1974 | 1.41 billion current LCU | +26.5% |
| 1975 | 1.38 billion current LCU | -2.4% |
| 1976 | 2.74 billion current LCU | +98.5% |
| 1977 | 3.58 billion current LCU | +30.8% |
| 1978 | 4.64 billion current LCU | +29.6% |
| 1979 | 6.11 billion current LCU | +31.6% |
| 1980 | 7.82 billion current LCU | +28.1% |
| 1981 | 8.44 billion current LCU | +7.9% |
| 1982 | 8.77 billion current LCU | +3.9% |
| 1983 | 10.24 billion current LCU | +16.8% |
| 1984 | 11.22 billion current LCU | +9.6% |
| 1985 | 13.30 billion current LCU | +18.5% |
| 1986 | 17.81 billion current LCU | +33.9% |
| 1987 | 18.92 billion current LCU | +6.2% |
| 1988 | 16.46 billion current LCU | -13.0% |
| 1989 | 17.85 billion current LCU | +8.5% |
| 1990 | 18.67 billion current LCU | +4.6% |
| 1991 | 17.38 billion current LCU | -6.9% |
| 1992 | 17.96 billion current LCU | +3.3% |
| 1993 | 20.34 billion current LCU | +13.2% |
| 1994 | 21.07 billion current LCU | +3.6% |
| 1995 | 21.01 billion current LCU | -0.3% |
| 1996 | 20.69 billion current LCU | -1.5% |
| 1997 | 19.16 billion current LCU | -7.4% |
| 1998 | 18.94 billion current LCU | -1.1% |
| 1999 | 17.28 billion current LCU | -8.8% |
| 2000 | 19.44 billion current LCU | +12.5% |
| 2001 | 23.54 billion current LCU | +21.1% |
| 2002 | 22.25 billion current LCU | -5.4% |
| 2003 | 26.31 billion current LCU | +18.2% |
| 2004 | 24.55 billion current LCU | -6.7% |
| 2005 | 28.77 billion current LCU | +17.1% |
| 2006 | 47.77 billion current LCU | +66.1% |
| 2007 | 51.92 billion current LCU | +8.7% |
| 2008 | 42.70 billion current LCU | -17.8% |
| 2009 | 26.45 billion current LCU | -38.1% |
| 2010 | 22.34 billion current LCU | -15.5% |
| 2011 | 20.32 billion current LCU | -9.0% |
| 2012 | 14.94 billion current LCU | -26.5% |
| 2013 | 14.24 billion current LCU | -4.7% |
| 2014 | 13.60 billion current LCU | -4.5% |
| 2015 | 13.66 billion current LCU | +0.5% |
| 2016 | 11.54 billion current LCU | -15.5% |
| 2017 | 10.18 billion current LCU | -11.8% |
| 2018 | 11.75 billion current LCU | +15.5% |
| 2019 | 11.65 billion current LCU | -0.8% |
| 2020 | 11.07 billion current LCU | -5.1% |
| 2021 | 8.03 billion current LCU | -27.4% |
| 2022 | 14.75 billion current LCU | +83.6% |
| 2023 | 28.57 billion current LCU | +93.7% |
| 2024 | 45.49 billion current LCU | +59.2% |
Norway compared with similar countries
- Norway's 45.49 billion current LCU is above the median for high income countries, which is 6.90 billion current LCU, 6.6× the median. (55 countries reporting)
- Norway's 45.49 billion current LCU is above the median for Europe & Central Asia, which is 9.50 billion current LCU, 4.8× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.74 billion current LCU | 950.00 million current LCU | 6.11 billion current LCU | 8 |
| 1980s | 13.08 billion current LCU | 7.82 billion current LCU | 18.92 billion current LCU | 10 |
| 1990s | 19.25 billion current LCU | 17.28 billion current LCU | 21.07 billion current LCU | 10 |
| 2000s | 31.37 billion current LCU | 19.44 billion current LCU | 51.92 billion current LCU | 10 |
| 2010s | 14.42 billion current LCU | 10.18 billion current LCU | 22.34 billion current LCU | 10 |
| 2020s | 21.58 billion current LCU | 8.03 billion current LCU | 45.49 billion current LCU | 5 |
Countries ranked near Norway
More public sector data for Norway
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
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- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
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Frequently asked questions
- What is interest payments in Norway?
- Interest payments in Norway was 45.49 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Norway?
- The highest recorded value was 51.92 billion current LCU in 2007.
- What is the lowest interest payments recorded in Norway?
- The lowest recorded value was 950.00 million current LCU in 1972.
- How does Norway rank for interest payments?
- Norway ranks 68th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Norway?
- Over the last ten years it is up 234.6%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.