Norway - Net incurrence of liabilities

Net incurrence of liabilities, total (current LCU)

The value for Net incurrence of liabilities, total (current LCU) in Norway was 2,591,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 342,734,000,000 in 2006 and a minimum value of -347,145,000,000 in 2011.

Definition: Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
1972 3,099,000,000
1973 2,609,000,000
1974 2,521,000,000
1975 5,174,000,000
1976 9,961,000,000
1977 14,954,000,000
1978 16,191,000,000
1979 18,880,000,000
1980 4,479,000,000
1981 -3,337,000,000
1982 -9,127,000,000
1983 -917,000,000
1984 14,308,000,000
1985 29,493,000,000
1986 47,700,000,000
1987 -29,544,000,000
1988 -1,133,000,000
1989 7,120,000,000
1990 -10,905,000,000
1991 -2,954,000,000
1992 36,544,000,000
1993 84,573,000,000
1994 2,386,000,000
1996 -9,726,000,000
1997 -8,159,000,000
1998 -19,418,000,000
1999 37,114,000,000
2000 113,673,000,000
2001 -16,113,000,000
2002 143,338,000,000
2003 127,943,000,000
2004 119,853,000,000
2005 21,410,000,000
2006 342,734,000,000
2007 64,786,000,000
2008 -212,899,000,000
2009 -216,666,000,000
2010 63,747,000,000
2011 -347,145,000,000
2012 63,517,000,000
2013 30,998,000,000
2014 -73,448,000,000
2015 131,427,000,000
2016 94,959,000,000
2017 67,601,000,000
2018 113,700,000,000
2019 2,591,000,000

Net incurrence of liabilities, total (% of GDP)

Net incurrence of liabilities, total (% of GDP) in Norway was 0.07 as of 2019. Its highest value over the past 47 years was 15.46 in 2006, while its lowest value was -12.43 in 2011.

Definition: Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 2.71
1973 2.01
1974 1.68
1975 3.01
1976 5.08
1977 6.77
1978 6.64
1979 7.02
1980 1.41
1981 -0.91
1982 -2.26
1983 -0.20
1984 2.82
1985 5.24
1986 8.20
1987 -4.65
1988 -0.17
1989 1.00
1990 -1.45
1991 -0.37
1992 4.49
1993 9.89
1994 0.27
1996 -0.92
1997 -0.71
1998 -1.67
1999 2.93
2000 7.54
2001 -1.03
2002 9.18
2003 7.90
2004 6.72
2005 1.08
2006 15.46
2007 2.76
2008 -8.17
2009 -8.92
2010 2.46
2011 -12.43
2012 2.14
2013 1.01
2014 -2.34
2015 4.22
2016 3.07
2017 2.05
2018 3.20
2019 0.07

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance