Net incurrence of liabilities, total in Norway
Norway: Net incurrence of liabilities, total 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.
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
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 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.