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Government Finance of Norway

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Tax Revenue Composition

24.9% 24.3% 23.4% 24.3%
  • Personal income taxes: 24.9%
  • Corporate income taxes: 24.3%
  • Social security contributions: 23.4%
  • Payroll taxes: 0.1%
  • Property taxes: 3.0%
  • Goods and services taxes: 24.3%
Show table
Personal income taxes
24.9%
Corporate income taxes
24.3%
Social security contributions
23.4%
Payroll taxes
0.1%
Property taxes
3.0%
Goods and services taxes
24.3%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 42.9% #120 / 184 2026
Government Gross Debt (Local currency - NOK) 2.49T - 2026
Government Net Debt (% of GDP) -163.5% #86 / 86 2026
Government Net Debt (Local currency - NOK) -9.48T - 2026

Fiscal Balance

Fiscal Balance (% of GDP) 10.2% #3 / 189 2026
Fiscal Balance (Local currency - NOK) 589B - 2026
Primary Fiscal Balance (% of GDP) 6.8% #1 / 182 2026
Primary Fiscal Balance (Local currency - NOK) 397B - 2026

Revenue and Spending

Government Revenue (% of GDP) 59.5% #8 / 189 2026
Government Revenue (Local currency - NOK) 3.45T - 2026
Government Spending (% of GDP) 49.3% #22 / 189 2026
Government Spending (Local currency - NOK) 2.86T - 2026

International Reserves

Total Reserves (USD) 81.2B #32 / 163 2024

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