Norway Government Debt to GDP — 2026 Data & Trend
Norway's government debt was 54.30% in December 2025, up from 41.80% the previous quarter. A year earlier it stood at 53.20%.
Norway's government debt stands at 54.30% as of December 2025. The government debt currently sits at 54.30% (up from 41.80% in the prior quarter). Across the tracked window it has ranged between 23.50% and 54.30%, and is 1.10% higher than a year ago.
The trend
Among the 121 economies tracked on this platform, Norway ranks #60 on government debt by latest value. It rose from 41.80% in the previous quarter, and compares with a year-earlier 53.20%.
What's driving it
The debt ratio moves with budget deficits, growth, interest costs and the currency; faster nominal growth lowers it, while wide deficits push it up.
Recent readings
| Period | Government debt |
|---|---|
| Dec 2025 | 54.30% |
| Sep 2025 | 41.80% |
| Jun 2025 | 41.80% |
| Mar 2025 | 43.60% |
| Dec 2024 | 53.20% |
| Sep 2024 | 40.80% |
| Jun 2024 | 41.90% |
| Mar 2024 | 40.70% |
Data: Source: Eurostat (Commission Decision 2011/833/EU — reuse permitted with attribution). Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
How Much Government Debt Does Norway Have in 2026?
Norway's government debt was 54.30% in December 2025, up from 41.80% the previous quarter. A year earlier it stood at 53.20%.
Is the government debt rising or falling in Norway?
It rose in the latest reading — 54.30% in December 2025 versus 41.80% a quarter earlier. Year on year it is higher.
What is government debt?
It measures total public debt expressed as a share of gross domestic product (debt-to-GDP).