Net incurrence of liabilities, total (current LCU) in Norway
Norway: Net incurrence of liabilities, total (current LCU) was 2.39 billion current LCU in 1994. ◆ Volatile
Net incurrence of liabilities, total in Norway, 1972–1994
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 1994, net incurrence of liabilities, total in Norway stood at 2.39 billion current LCU.
That represents a change of down 97.2% on the previous year and down 83.3% over ten years.
Over the whole period, net incurrence of liabilities, total in Norway peaked at 84.57 billion current LCU in 1993 and was at its lowest, -29.54 billion current LCU, in 1987.
Norway ranks 97th of 136 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.
Net incurrence of liabilities, total (current LCU) in Norway, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 3.10 billion current LCU | — |
| 1973 | 2.61 billion current LCU | -15.8% |
| 1974 | 2.52 billion current LCU | -3.4% |
| 1975 | 5.17 billion current LCU | +105.2% |
| 1976 | 9.96 billion current LCU | +92.5% |
| 1977 | 14.95 billion current LCU | +50.1% |
| 1978 | 16.19 billion current LCU | +8.3% |
| 1979 | 18.88 billion current LCU | +16.6% |
| 1980 | 4.48 billion current LCU | -76.3% |
| 1981 | -3.34 billion current LCU | -174.5% |
| 1982 | -9.13 billion current LCU | +173.5% |
| 1983 | -917.00 million current LCU | -90.0% |
| 1984 | 14.31 billion current LCU | -1660.3% |
| 1985 | 29.49 billion current LCU | +106.1% |
| 1986 | 47.70 billion current LCU | +61.7% |
| 1987 | -29.54 billion current LCU | -161.9% |
| 1988 | -1.13 billion current LCU | -96.2% |
| 1989 | 7.12 billion current LCU | -728.4% |
| 1990 | -10.90 billion current LCU | -253.2% |
| 1991 | -2.95 billion current LCU | -72.9% |
| 1992 | 36.54 billion current LCU | -1337.1% |
| 1993 | 84.57 billion current LCU | +131.4% |
| 1994 | 2.39 billion current LCU | -97.2% |
Norway compared with similar countries
- Norway's 2.39 billion current LCU is below the median for high income countries, which is 9.91 billion current LCU, 24% of the median. (41 countries reporting)
- Norway's 2.39 billion current LCU is below the median for Europe & Central Asia, which is 14.60 billion current LCU, 16% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) 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 |
|---|---|---|---|
| 1984 | +1660.3% | -917.00 million current LCU | 14.31 billion current LCU |
| 1992 | +1337.1% | -2.95 billion current LCU | 36.54 billion current LCU |
| 1989 | +728.4% | -1.13 billion current LCU | 7.12 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.17 billion current LCU | 2.52 billion current LCU | 18.88 billion current LCU | 8 |
| 1980s | 5.90 billion current LCU | -29.54 billion current LCU | 47.70 billion current LCU | 10 |
| 1990s | 21.93 billion current LCU | -10.90 billion current LCU | 84.57 billion current LCU | 5 |
Countries ranked near Norway
- 94 Ecuador 2.95 billion current LCU
- 95 Eswatini 2.83 billion current LCU
- 96 Papua New Guinea 2.53 billion current LCU compare
- 98 Jordan 2.37 billion current LCU compare
- 99 Kyrgyzstan 2.34 billion current LCU
- 100 Georgia 1.93 billion current LCU
More public sector data for Norway
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, 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)
- Arms imports 407.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is net incurrence of liabilities, total in Norway?
- Net incurrence of liabilities, total in Norway was 2.39 billion current LCU in 1994, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Norway?
- The highest recorded value was 84.57 billion current LCU in 1993.
- What is the lowest net incurrence of liabilities, total recorded in Norway?
- The lowest recorded value was -29.54 billion current LCU in 1987.
- How does Norway rank for net incurrence of liabilities, total?
- Norway ranks 97th out of 136 countries with data for 1994.
- Is net incurrence of liabilities, total rising or falling in Norway?
- Over the last ten years it is down 83.3%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.