Expense in Norway
Norway: Expense was 1.83 trillion current LCU in 2023. ◆ Volatile
Expense in Norway, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Norway recorded 1.83 trillion current LCU for expense in 2023. That is the highest value across all 52 years on record.
That represents a change of up 9.0% on the previous year and up 73.3% over ten years.
Over the whole period, expense in Norway peaked at 1.83 trillion current LCU in 2023 and was at its lowest, 32.40 billion current LCU, in 1972.
That places Norway 48th out of 157 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 58.06 billion current LCU | 32.40 billion current LCU | 90.22 billion current LCU | 8 |
| 1980s | 176.45 billion current LCU | 103.90 billion current LCU | 260.41 billion current LCU | 10 |
| 1990s | 359.12 billion current LCU | 285.66 billion current LCU | 443.98 billion current LCU | 10 |
| 2000s | 661.58 billion current LCU | 482.35 billion current LCU | 863.97 billion current LCU | 10 |
| 2010s | 1.15 trillion current LCU | 904.71 billion current LCU | 1.39 trillion current LCU | 10 |
| 2020s | 1.67 trillion current LCU | 1.57 trillion current LCU | 1.83 trillion current LCU | 4 |
Countries ranked near Norway
More public sector data for Norway
- Arms imports 349.00 million SIPRI trend indicator values (2024)
- Tax revenue 24.5% (2024)
- Taxes on income, profits and capital gains 28.5% (2024)
- Taxes on goods and services 18.5% (2024)
- Net investment in nonfinancial assets 3.1% (2024)
- Net lending (+) / net borrowing (-) 13.6% (2024)
- Interest payments 1.6% (2024)
- Grants and other revenue 21.4% (1994)
- Interest payments 1.6% (2023)
- Other taxes 0.5% (2024)
Frequently asked questions
- What is expense in Norway?
- Expense in Norway was 1.83 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Norway?
- The highest recorded value was 1.83 trillion current LCU in 2023.
- What is the lowest expense recorded in Norway?
- The lowest recorded value was 32.40 billion current LCU in 1972.
- How does Norway rank for expense?
- Norway ranks 48th out of 157 countries with data for 2023.
- Is expense rising or falling in Norway?
- Over the last ten years it is up 73.3%. 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 Expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. 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.