Ratio of national debt to GDP in Norway 1980-2030

In 2024, the ratio of national debt to gross domestic product (GDP) of Norway was estimated at approximately 42.72 percent. Between 1980 and 2024, the figure dropped by around 4.96 percentage points, though the decline followed an uneven course rather than a steady trajectory. The ratio is forecast to decline by about 2.72 percentage points from 2024 to 2030, fluctuating as it trends downward.

The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.