Interest payments in Norway
Norway: Interest payments was 1.6% in 2023. ◆ Volatile
Interest payments in Norway, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Norway recorded 1.6% for interest payments in 2023.
Compared with earlier readings it is up 77.7% on the previous year and up 15.8% over ten years.
Over the whole period, interest payments in Norway peaked at 9.0% in 1986 and was at its lowest, 0.5%, in 2021.
That places Norway 132nd out of 152 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.3% | 2.8% | 6.8% | 8 |
| 1980s | 7.4% | 6.5% | 9.0% | 10 |
| 1990s | 5.5% | 3.9% | 6.5% | 10 |
| 2000s | 4.7% | 3.1% | 6.9% | 10 |
| 2010s | 1.3% | 0.8% | 2.5% | 10 |
| 2020s | 0.9% | 0.5% | 1.6% | 4 |
Countries ranked near Norway
More public sector data for Norway
- Arms imports 349.00 million SIPRI trend indicator values (2024)
- Tax revenue 24.5% (2024)
- Taxes on income, profits and capital gains 28.5% (2024)
- Taxes on goods and services 18.5% (2024)
- Net investment in nonfinancial assets 3.1% (2024)
- Net lending (+) / net borrowing (-) 13.6% (2024)
- Interest payments 1.6% (2024)
- Grants and other revenue 21.4% (1994)
- Other taxes 0.5% (2024)
- Compensation of employees 14.7% (2023)
Frequently asked questions
- What is interest payments in Norway?
- Interest payments in Norway was 1.6% in 2023, 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 9.0% in 1986.
- What is the lowest interest payments recorded in Norway?
- The lowest recorded value was 0.5% in 2021.
- How does Norway rank for interest payments?
- Norway ranks 132nd out of 152 countries with data for 2023.
- Is interest payments rising or falling in Norway?
- Over the last ten years it is up 15.8%. 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.