Gross debt in Norway

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Norway in the period from 2006 to 2015 was between 95.2 billion and 147.1 billion Euro. The hightest level within the past 9 years was reached in 2007. However, the liabilities in 2015 have been only 103.30 billion Euro

Based on the number of inhabitants, this is in Norway a debt of 19,909 Euro per person. For comparison: The average debt per person in the same year in the European Union was 24,603 Euro.


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Gross debt of the past 9 years in billion Euro




JahrNorway totalEuropean Union totalNorway per capitaEuropean Union per capita
2006145.28 bn €737.12 bn €31,172 €14,806 €
2007147.08 bn €747.91 bn €31,234 €14,964 €
2008126.66 bn €794.75 bn €26,563 €15,842 €
2009123.46 bn €903.82 bn €25,569 €17,962 €
2010138.76 bn €1,014.27 bn €28,381 €20,112 €
201198.57 bn €1,078.12 bn €19,901 €21,391 €
2012117.54 bn €1,132.19 bn €23,422 €22,415 €
2013109.23 bn €1,167.12 bn €21,504 €23,038 €
201495.21 bn €1,218.04 bn €18,533 €23,968 €
2015103.30 bn €1,254.07 bn €19,909 €24,603 €


Comparison of the gross debt per capita with the European Union in Euro



      Norway       European Union


Budget deficit in Norway

The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.

The budget surplus in Norway in the period between 2005 and 2015 varied between 20.06 billion Euro and 58.48 billion Euro. In 2015 was reached a balance of 20.06 billion Euro.

In ratio to population, this equals a surplus of 3,867 Euro per capita in Norway. For comparison, the average debt per capita in the European Union was in the same year at 679 Euro.


Budget surplus in the last 10 years

JahrNorway totalEuropean Union totalNorway per capitaEuropean Union per capita
200536.65 bn €-287.69 bn €7,927 €-580 €
200649.60 bn €-197.73 bn €10,642 €-397 €
200749.55 bn €-115.05 bn €10,523 €-230 €
200858.48 bn €-325.54 bn €12,265 €-649 €
200928.75 bn €-813.10 bn €5,953 €-1,616 €
201035.30 bn €-821.13 bn €7,219 €-1,628 €
201148.18 bn €-603.66 bn €9,727 €-1,198 €
201254.92 bn €-574.22 bn €10,944 €-1,137 €
201342.44 bn €-450.90 bn €8,355 €-890 €
201432.95 bn €-406.19 bn €6,414 €-799 €
201520.06 bn €-346.32 bn €3,867 €-679 €

(negative numbers = deficit)