Taxes on income, profits and capital gains in Norway
Norway: Taxes on income, profits and capital gains was 28.5% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Norway, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on income, profits and capital gains in Norway stood at 28.5%.
Compared with earlier readings it is down 9.5% on the previous year and up 10.9% over ten years.
Over the whole period, taxes on income, profits and capital gains in Norway peaked at 40.1% in 2022 and was at its lowest, 14.2%, in 1989.
Norway ranks 55th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 53 years of available data.
Taxes on income, profits and capital gains in Norway, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 21.7% | — |
| 1973 | 16.0% | -26.3% |
| 1974 | 17.2% | +7.1% |
| 1975 | 16.5% | -3.7% |
| 1976 | 17.3% | +4.8% |
| 1977 | 17.6% | +1.5% |
| 1978 | 18.0% | +2.5% |
| 1979 | 20.6% | +14.4% |
| 1980 | 27.2% | +32.2% |
| 1981 | 28.5% | +4.7% |
| 1982 | 27.2% | -4.7% |
| 1983 | 24.1% | -11.4% |
| 1984 | 25.4% | +5.6% |
| 1985 | 24.5% | -3.6% |
| 1986 | 20.2% | -17.5% |
| 1987 | 16.1% | -20.3% |
| 1988 | 15.3% | -4.9% |
| 1989 | 14.2% | -7.4% |
| 1990 | 16.2% | +14.0% |
| 1991 | 17.5% | +8.5% |
| 1992 | 14.6% | -16.9% |
| 1993 | 15.3% | +5.1% |
| 1994 | 16.2% | +5.8% |
| 1995 | 18.2% | +12.5% |
| 1996 | 20.4% | +11.9% |
| 1997 | 20.5% | +0.7% |
| 1998 | 20.3% | -1.2% |
| 1999 | 21.7% | +6.7% |
| 2000 | 27.8% | +28.3% |
| 2001 | 27.4% | -1.6% |
| 2002 | 29.1% | +6.5% |
| 2003 | 27.8% | -4.7% |
| 2004 | 30.8% | +10.9% |
| 2005 | 32.9% | +6.8% |
| 2006 | 32.9% | -0.0% |
| 2007 | 31.1% | -5.4% |
| 2008 | 32.6% | +4.8% |
| 2009 | 29.1% | -10.6% |
| 2010 | 31.2% | +7.2% |
| 2011 | 32.8% | +5.0% |
| 2012 | 31.9% | -2.5% |
| 2013 | 29.2% | -8.7% |
| 2014 | 25.7% | -11.9% |
| 2015 | 22.2% | -13.4% |
| 2016 | 20.7% | -6.8% |
| 2017 | 21.9% | +5.6% |
| 2018 | 24.2% | +10.6% |
| 2019 | 23.4% | -3.4% |
| 2020 | 19.2% | -18.0% |
| 2021 | 30.8% | +60.3% |
| 2022 | 40.1% | +30.3% |
| 2023 | 31.5% | -21.4% |
| 2024 | 28.5% | -9.5% |
Norway compared with similar countries
- Norway's 28.5% is above the median for high income countries, which is 24.5%, 1.2× the median. (55 countries reporting)
- Norway's 28.5% is above the median for Europe & Central Asia, which is 20.9%, 1.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains 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 |
|---|---|---|---|
| 2021 | +60.3% | 19.2% | 30.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.1% | 16.0% | 21.7% | 8 |
| 1980s | 22.3% | 14.2% | 28.5% | 10 |
| 1990s | 18.1% | 14.6% | 21.7% | 10 |
| 2000s | 30.1% | 27.4% | 32.9% | 10 |
| 2010s | 26.3% | 20.7% | 32.8% | 10 |
| 2020s | 30.0% | 19.2% | 40.1% | 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 taxes on income, profits and capital gains in Norway?
- Taxes on income, profits and capital gains in Norway was 28.5% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Norway?
- The highest recorded value was 40.1% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Norway?
- The lowest recorded value was 14.2% in 1989.
- How does Norway rank for taxes on income, profits and capital gains?
- Norway ranks 55th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Norway?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is rising.
- 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 Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
Download this data
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.