Net incurrence of liabilities, total (% of GDP) in Norway
Norway: Net incurrence of liabilities, total (% of GDP) was 0.3% 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 % of GDP.
Analysis
Norway recorded 0.3% for net incurrence of liabilities, total in 1994.
Compared with earlier readings it is down 97.3% on the previous year and down 90.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Norway peaked at 9.9% in 1993 and was at its lowest, -4.7%, in 1987.
Norway ranks 118th of 136 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 2.7% | — |
| 1973 | 2.0% | -25.9% |
| 1974 | 1.7% | -16.5% |
| 1975 | 3.0% | +79.6% |
| 1976 | 5.1% | +68.6% |
| 1977 | 6.8% | +33.2% |
| 1978 | 6.7% | -1.9% |
| 1979 | 7.0% | +5.7% |
| 1980 | 1.4% | -79.9% |
| 1981 | -0.9% | -164.9% |
| 1982 | -2.3% | +146.9% |
| 1983 | -0.2% | -91.0% |
| 1984 | 2.8% | -1484.8% |
| 1985 | 5.3% | +85.6% |
| 1986 | 8.2% | +56.3% |
| 1987 | -4.7% | -156.8% |
| 1988 | -0.2% | -96.3% |
| 1989 | 1.0% | -688.9% |
| 1990 | -1.5% | -244.7% |
| 1991 | -0.4% | -74.2% |
| 1992 | 4.5% | -1302.7% |
| 1993 | 9.9% | +119.9% |
| 1994 | 0.3% | -97.3% |
Norway compared with similar countries
- Norway's 0.3% is below the median for high income countries, which is 3.5%, 8% of the median. (41 countries reporting)
- Norway's 0.3% is below the median for Europe & Central Asia, which is 3.4%, 8% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) 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 | +1484.8% | -0.2% | 2.8% |
| 1992 | +1302.7% | -0.4% | 4.5% |
| 1989 | +688.9% | -0.2% | 1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.4% | 1.7% | 7.0% | 8 |
| 1980s | 1.1% | -4.7% | 8.2% | 10 |
| 1990s | 2.6% | -1.5% | 9.9% | 5 |
Countries ranked near Norway
- 115 Tajikistan 0.4%
- 116 Afghanistan 0.4%
- 117 Bahamas 0.4% compare
- 119 Kyrgyzstan 0.1%
- 120 Andorra 0.1%
- 121 Tonga 0.0%
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 0.3% 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 9.9% in 1993.
- What is the lowest net incurrence of liabilities, total recorded in Norway?
- The lowest recorded value was -4.7% in 1987.
- How does Norway rank for net incurrence of liabilities, total?
- Norway ranks 118th 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 90.6%. 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 Net incurrence of liabilities, total (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.