Interest payments in Norway
Norway: Interest payments was 1.6% in 2024. ◆ Volatile
Interest payments in Norway, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Norway recorded 1.6% for interest payments in 2024.
That represents a change of up 59.4% on the previous year and up 75.2% over ten years.
Over the whole period, interest payments in Norway peaked at 7.4% in 1987 and was at its lowest, 0.4%, in 2021.
That places Norway 132nd out of 155 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Norway, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 2.5% | — |
| 1973 | 2.6% | +2.3% |
| 1974 | 2.9% | +10.7% |
| 1975 | 2.5% | -14.2% |
| 1976 | 4.1% | +67.3% |
| 1977 | 4.8% | +17.1% |
| 1978 | 5.6% | +15.8% |
| 1979 | 6.6% | +17.2% |
| 1980 | 6.7% | +1.2% |
| 1981 | 6.0% | -10.1% |
| 1982 | 5.7% | -5.1% |
| 1983 | 5.8% | +1.9% |
| 1984 | 5.8% | -0.4% |
| 1985 | 5.9% | +2.9% |
| 1986 | 7.3% | +22.3% |
| 1987 | 7.4% | +1.5% |
| 1988 | 6.1% | -17.7% |
| 1989 | 6.3% | +3.7% |
| 1990 | 6.0% | -4.9% |
| 1991 | 5.4% | -10.0% |
| 1992 | 5.6% | +4.4% |
| 1993 | 6.2% | +10.5% |
| 1994 | 6.0% | -3.0% |
| 1995 | 5.2% | -13.0% |
| 1996 | 4.6% | -12.4% |
| 1997 | 4.0% | -13.8% |
| 1998 | 4.0% | +0.1% |
| 1999 | 3.2% | -18.1% |
| 2000 | 2.7% | -16.3% |
| 2001 | 3.2% | +19.1% |
| 2002 | 3.0% | -6.1% |
| 2003 | 3.5% | +16.3% |
| 2004 | 2.9% | -17.5% |
| 2005 | 3.0% | +2.2% |
| 2006 | 4.2% | +42.5% |
| 2007 | 4.4% | +3.5% |
| 2008 | 3.2% | -27.2% |
| 2009 | 2.3% | -28.5% |
| 2010 | 1.8% | -20.1% |
| 2011 | 1.5% | -18.6% |
| 2012 | 1.0% | -30.4% |
| 2013 | 1.0% | -3.7% |
| 2014 | 0.9% | -5.8% |
| 2015 | 1.0% | +2.5% |
| 2016 | 0.8% | -14.7% |
| 2017 | 0.7% | -17.3% |
| 2018 | 0.7% | +3.9% |
| 2019 | 0.7% | -3.1% |
| 2020 | 0.7% | +5.0% |
| 2021 | 0.4% | -45.3% |
| 2022 | 0.5% | +16.6% |
| 2023 | 1.0% | +125.7% |
| 2024 | 1.6% | +59.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.0% | 2.5% | 6.6% | 8 |
| 1980s | 6.3% | 5.7% | 7.4% | 10 |
| 1990s | 5.0% | 3.2% | 6.2% | 10 |
| 2000s | 3.3% | 2.3% | 4.4% | 10 |
| 2010s | 1.0% | 0.7% | 1.8% | 10 |
| 2020s | 0.8% | 0.4% | 1.6% | 5 |
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 interest payments in Norway?
- Interest payments in Norway was 1.6% 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 7.4% in 1987.
- What is the lowest interest payments recorded in Norway?
- The lowest recorded value was 0.4% in 2021.
- How does Norway rank for interest payments?
- Norway ranks 132nd out of 155 countries with data for 2024.
- Is interest payments rising or falling in Norway?
- Over the last ten years it is up 75.2%. 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 revenue). 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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.