Norway—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #3 of 192Updated August 2026
Latest Value
6.3%
2031
YoY Change
-7.4%
2030 → 2031
Global Rank
#3
of 192 countries
Maximum
24.7%
2022
Minimum
-2.5%
2020
CAGR
-2.8%
32 years
Last
6.3%
Previous
6.8%
Highest
24.7%
Lowest
-2.5%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Norway's fiscal balance (% of GDP) was 10.2% in 2026, ranking #3 out of 192 countries. This represents a -7.4% change from 2030. Over the past 27 years, the highest recorded value was 24.7% (2022) and the lowest was -2.5% (2020). The IMF WEO projects 6.3% by 2031. Data sourced from the IMF World Economic Outlook.
Norway's fiscal balance was 10.7% of GDP in 2026, ranking 2nd globally, but decreased by 6.5% from the previous year.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | 6.3% | -7.4% |
| 2030 | 6.8% | -5.6% |
| 2029 | 7.2% | -5.3% |
| 2028 | 7.6% | -8.4% |
| 2027 | 8.3% | -18.6% |
| 2026 | 10.2% | +9.7% |
| 2025 | 9.3% | -27.3% |
| 2024 | 12.8% | -19.5% |
| 2023 | 15.9% | -35.6% |
| 2022 | 24.7% | +149.5% |
| 2021 | 9.9% | +496.0% |
| 2020 | -2.5% | -139.7% |
| 2019 | 6.3% | -17.1% |
| 2018 | 7.6% | +58.3% |
| 2017 | 4.8% | +23.1% |
| 2016 | 3.9% | -32.8% |
| 2015 | 5.8% | -30.1% |
| 2014 | 8.3% | -19.4% |
| 2013 | 10.3% | -23.1% |
| 2012 | 13.4% | +3.1% |
| 2011 | 13.0% | +22.6% |
| 2010 | 10.6% | +6.0% |
| 2009 | 10.0% | -45.4% |
| 2008 | 18.3% | +8.9% |
| 2007 | 16.8% | -5.1% |
| 2006 | 17.7% | +20.4% |
| 2005 | 14.7% | +36.1% |
| 2004 | 10.8% | +50.0% |
| 2003 | 7.2% | -20.9% |
| 2002 | 9.1% | -31.1% |
| 2001 | 13.2% | -12.6% |
| 2000 | 15.1% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | 10.2% | +9.7% |
| 2027Forecast | 8.3% | -18.6% |
| 2028Forecast | 7.6% | -8.4% |
| 2029Forecast | 7.2% | -5.3% |
| 2030Forecast | 6.8% | -5.6% |
| 2031Forecast | 6.3% | -7.4% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Lesotho | 4.2% | 2026 |
| 7 | Macao SAR, China | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP