Makrognosis

Norway Government Debt to GDP

QuarterlyNot seasonally adjustedCode NO.GOVDEBT.Q.NSA

Latest60.8%Q2 2026
Previous49.1%Q1 2026
Year ago41.8%Q2 2025

Norway Government Debt to GDP was 60.8% in Q2 2026, up 11.7 percentage points from Q1 2026 and up 19.0 percentage points from a year earlier.

That is the highest reading since the series began in Q1 2011.

Among the 38 economies Makrognosis covers on this measure, it is the 16th lowest.

Over the past ten years it has ranged from 30.9% (Q2 2023) to 60.8% (Q2 2026), averaging 38.7%.

Norway Government Debt to GDP (% of GDP), Q1 2011 – Q2 202620%30%40%50%60%20122014201620182020202220242026Robomacro
Norway Government Debt to GDP (% of GDP), Q1 2011 – Q2 2026. Source: Eurostat (Statistical Office of the European Union).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
Q2 202660.8%
Q1 202649.1%
Q4 202554.4%
Q3 202541.8%
Q2 202541.8%
Q1 202543.6%
Q4 202453.2%
Q3 202440.8%
Q2 202441.9%
Q1 202440.7%
Q4 202342.7%
Q3 202334.2%
Q2 202330.9%
Q1 202331.8%
Q4 202235.1%
Q3 202232.7%
Q2 202232.8%
Q1 202233.1%
Q4 202139.8%
Q3 202135.0%
Q2 202136.2%
Q1 202140.7%
Q4 202043.4%
Q3 202038.7%

Last 24 observations. The full history (62 observations) is available through the API.

Get Norway Government Debt to GDP in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/NO.GOVDEBT.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/NO.GOVDEBT.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 2011
Observations62
FrequencyQuarterly
Units% of GDP
AdjustmentNot seasonally adjusted
10-year high60.8% (Q2 2026)
10-year low30.9% (Q2 2023)
10-year average38.7%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codeNO.GOVDEBT.Q.NSA

Government Debt to GDP: how Norway compares

#EconomyPeriodLatest
1SingaporeQ1 2025166.1%
2GreeceQ2 2026140.8%
3ItalyQ2 2026139.9%
4CanadaQ2 2026131.3%
5United StatesQ3 2026121.7%
18MoroccoQ1 202566.6%
19PanamaQ1 202565.4%
20PolandQ2 202664.5%
21GermanyQ2 202663.4%
22ColombiaQ1 202562.9%
23NorwayQ2 202660.8%
24RomaniaQ2 202659.4%
25MexicoQ3 202650.9%
26ThailandQ1 202549.5%
27GhanaQ3 202645.7%
28Czech RepublicQ2 202643.8%
29NetherlandsQ2 202643.7%

Government Debt to GDP by country: all 38 economies ranked →

Other Norway indicators

Norway GDP (Gross Domestic Product)Norway GDP (total, incl. petroleum and ocean transport), current prices, seasonally adjusted (NOK million), quarterly (SSB 09190)Norway Inflation Rate (CPI)Norway Core Inflation RateNorway Unemployment RateNorway 10-Year Government Bond YieldNorway Credit Rating & Sovereign Risk ScoreNorway Industrial ProductionNorway Retail SalesNorway Producer Price Inflation (PPI)Norway Current account balance, current prices (NOK million), , quarterly NSANorway Trade Balance: Goods & ServicesNorway Total exports of goods (NOK million), , monthly NSANorway Total imports of goods (NOK million), , monthly NSANorway EmploymentNorway 5-Year Government Generic Bond Yield (Norges Bank)

FAQ

What is the current government Debt to GDP in Norway?
The latest reading is 60.8% for Q2 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code NO.GOVDEBT.Q.NSA.

Last updated 2026-10-21. Source: Eurostat (Statistical Office of the European Union). Original title: “Norway general government gross debt, % of GDP (Eurostat)”.