Interest payments (% of revenue) in Norway
Norway: Interest payments (% of revenue) 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 (% of revenue) 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% |
Norway compared with similar countries
- Norway's 1.6% is below the median for high income countries, which is 3.9%, 42% of the median. (55 countries reporting)
- Norway's 1.6% is below the median for Europe & Central Asia, which is 3.5%, 47% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Interest payments (% of revenue) in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +125.7% | 0.5% | 1.0% |
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
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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.