Social contributions in Norway
Norway: Social contributions was 492.35 billion current LCU in 2024. ◆ Volatile
Social contributions in Norway, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for social contributions in Norway is 492.35 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
The figure is up 3.9% on the previous year and up 56.9% over ten years.
Over the whole period, social contributions in Norway peaked at 492.35 billion current LCU in 2024 and was at its lowest, 7.37 billion current LCU, in 1972.
Norway ranks 23rd of 112 countries on this measure, in the top quarter.
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 | 16.02 billion current LCU | 7.37 billion current LCU | 23.68 billion current LCU | 8 |
| 1980s | 46.17 billion current LCU | 25.74 billion current LCU | 71.55 billion current LCU | 10 |
| 1990s | 93.18 billion current LCU | 73.44 billion current LCU | 126.01 billion current LCU | 10 |
| 2000s | 177.96 billion current LCU | 133.54 billion current LCU | 233.88 billion current LCU | 10 |
| 2010s | 312.60 billion current LCU | 244.13 billion current LCU | 378.77 billion current LCU | 10 |
| 2020s | 436.69 billion current LCU | 382.53 billion current LCU | 492.35 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 social contributions in Norway?
- Social contributions in Norway was 492.35 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Norway?
- The highest recorded value was 492.35 billion current LCU in 2024.
- What is the lowest social contributions recorded in Norway?
- The lowest recorded value was 7.37 billion current LCU in 1972.
- How does Norway rank for social contributions?
- Norway ranks 23rd out of 112 countries with data for 2024.
- Is social contributions rising or falling in Norway?
- Over the last ten years it is up 56.9%. 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.