Net lending (+) / net borrowing (-) in Norway
Norway: Net lending (+) / net borrowing (-) was 729.50 billion current LCU in 2024. ◆ Volatile
Net lending (+) / net borrowing (-) in Norway, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Norway recorded 729.50 billion current LCU for net lending (+) / net borrowing (-) in 2024.
That represents a change of down 17.6% on the previous year and up 147.3% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Norway peaked at 1.51 trillion current LCU in 2022 and was at its lowest, -65.95 billion current LCU, in 2020.
Norway ranks 7th of 156 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net lending (+) / net borrowing (-) in Norway, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 3.24 billion current LCU | — |
| 1973 | 4.52 billion current LCU | +39.5% |
| 1974 | 4.47 billion current LCU | -1.0% |
| 1975 | 3.62 billion current LCU | -19.0% |
| 1976 | 2.19 billion current LCU | -39.6% |
| 1977 | 501.00 million current LCU | -77.1% |
| 1978 | -2.14 billion current LCU | -526.3% |
| 1979 | -480.00 million current LCU | -77.5% |
| 1980 | 9.75 billion current LCU | -2130.6% |
| 1981 | 17.69 billion current LCU | +81.5% |
| 1982 | 15.69 billion current LCU | -11.3% |
| 1983 | 23.02 billion current LCU | +46.7% |
| 1984 | 26.93 billion current LCU | +17.0% |
| 1985 | 40.38 billion current LCU | +49.9% |
| 1986 | 40.82 billion current LCU | +1.1% |
| 1987 | 26.53 billion current LCU | -35.0% |
| 1988 | 20.41 billion current LCU | -23.0% |
| 1989 | 10.76 billion current LCU | -47.3% |
| 1990 | 13.74 billion current LCU | +27.7% |
| 1991 | 2.93 billion current LCU | -78.7% |
| 1992 | -19.41 billion current LCU | -762.2% |
| 1993 | -19.97 billion current LCU | +2.9% |
| 1994 | -7.61 billion current LCU | -61.9% |
| 1995 | 30.67 billion current LCU | -502.8% |
| 1996 | 66.67 billion current LCU | +117.4% |
| 1997 | 86.38 billion current LCU | +29.6% |
| 1998 | 52.78 billion current LCU | -38.9% |
| 1999 | 83.69 billion current LCU | +58.6% |
| 2000 | 232.16 billion current LCU | +177.4% |
| 2001 | 217.15 billion current LCU | -6.5% |
| 2002 | 140.35 billion current LCU | -35.4% |
| 2003 | 133.00 billion current LCU | -5.2% |
| 2004 | 204.21 billion current LCU | +53.5% |
| 2005 | 294.32 billion current LCU | +44.1% |
| 2006 | 399.22 billion current LCU | +35.6% |
| 2007 | 412.56 billion current LCU | +3.3% |
| 2008 | 512.95 billion current LCU | +24.3% |
| 2009 | 272.84 billion current LCU | -46.8% |
| 2010 | 304.89 billion current LCU | +11.7% |
| 2011 | 392.42 billion current LCU | +28.7% |
| 2012 | 424.80 billion current LCU | +8.3% |
| 2013 | 351.75 billion current LCU | -17.2% |
| 2014 | 295.01 billion current LCU | -16.1% |
| 2015 | 197.42 billion current LCU | -33.1% |
| 2016 | 138.78 billion current LCU | -29.7% |
| 2017 | 176.85 billion current LCU | +27.4% |
| 2018 | 299.45 billion current LCU | +69.3% |
| 2019 | 269.95 billion current LCU | -9.9% |
| 2020 | -65.95 billion current LCU | -124.4% |
| 2021 | 427.57 billion current LCU | -748.3% |
| 2022 | 1.51 trillion current LCU | +253.7% |
| 2023 | 884.87 billion current LCU | -41.5% |
| 2024 | 729.50 billion current LCU | -17.6% |
Norway compared with similar countries
- Norway's 729.50 billion current LCU is above the median for high income countries, which is -2.76 billion current LCU. (57 countries reporting)
- Norway's 729.50 billion current LCU is above the median for Europe & Central Asia, which is -6.97 billion current LCU. (48 countries reporting)
Biggest year-on-year movements
Years where Net lending (+) / net borrowing (-) 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 |
|---|---|---|---|
| 1980 | +2130.6% | -480.00 million current LCU | 9.75 billion current LCU |
| 1992 | -762.2% | 2.93 billion current LCU | -19.41 billion current LCU |
| 2021 | +748.3% | -65.95 billion current LCU | 427.57 billion current LCU |
| 1978 | -526.3% | 501.00 million current LCU | -2.14 billion current LCU |
| 1995 | +502.8% | -7.61 billion current LCU | 30.67 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.99 billion current LCU | -2.14 billion current LCU | 4.52 billion current LCU | 8 |
| 1980s | 23.20 billion current LCU | 9.75 billion current LCU | 40.82 billion current LCU | 10 |
| 1990s | 28.99 billion current LCU | -19.97 billion current LCU | 86.38 billion current LCU | 10 |
| 2000s | 281.88 billion current LCU | 133.00 billion current LCU | 512.95 billion current LCU | 10 |
| 2010s | 285.13 billion current LCU | 138.78 billion current LCU | 424.80 billion current LCU | 10 |
| 2020s | 697.64 billion current LCU | -65.95 billion current LCU | 1.51 trillion current LCU | 5 |
Countries ranked near Norway
More public sector data for Norway
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Frequently asked questions
- What is net lending (+) / net borrowing (-) in Norway?
- Net lending (+) / net borrowing (-) in Norway was 729.50 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Norway?
- The highest recorded value was 1.51 trillion current LCU in 2022.
- What is the lowest net lending (+) / net borrowing (-) recorded in Norway?
- The lowest recorded value was -65.95 billion current LCU in 2020.
- How does Norway rank for net lending (+) / net borrowing (-)?
- Norway ranks 7th out of 156 countries with data for 2024.
- Is net lending (+) / net borrowing (-) rising or falling in Norway?
- Over the last ten years it is up 147.3%. 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 lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.