NORWAY GENERAL GOVERNMENT STRUCTURAL BALANCE


THE GENERAL GOVERNMENT STRUCTURAL BALANCE IN NORWAY WAS REPORTED AT -127.61 BILLIONS NORWEGIAN KRONE IN 2009, ACCORDING TO THE INTERNATIONAL MONETARY FUND (IMF). THE STRUCTURAL BUDGET BALANCE REFERS TO THE GENERAL GOVERNMENT CYCLICALLY ADJUSTED BALANCE ADJUSTED FOR NONSTRUCTURAL ELEMENTS BEYOND THE ECONOMIC CYCLE. THESE INCLUDE TEMPORARY FINANCIAL SECTOR AND ASSET PRICE MOVEMENTS AS WELL AS ONE-OFF; OR TEMPORARY; REVENUE OR EXPENDITURE ITEMS. THE CYCLICALLY ADJUSTED BALANCE IS THE FISCAL BALANCE ADJUSTED FOR THE EFFECTS OF THE ECONOMIC CYCLE; SEE; FOR EXAMPLE; A. FEDELINO. A. IVANOVA AND M. HORTON ?COMPUTING CYCLICALLY ADJUSTED BALANCES AND AUTOMATIC STABILIZERS? IMF TECHNICAL GUIDANCE NOTE NO. 5; HTTP://WWW.IMF.ORG/EXTERNAL/PUBS/FT/TNM/2009/TNM0905.PDF. IN 2009, NORWAY'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 0.37 PERCENT. IN 2015, NORWAY'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 0.32 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR NORWAY'S GENERAL GOVERNMENT STRUCTURAL BALANCE.



 norway general government structural balance imf data




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IMF Data Specifications


CountryNorway
Subject DescriptorGeneral government structural balance
Subject NotesThe structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off; or temporary; revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see; for example; A. Fedelino. A. Ivanova and M. Horton ?Computing Cyclically Adjusted Balances and Automatic Stabilizers? IMF Technical Guidance Note No. 5; http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.
UnitsNorwegian Krone
ScaleBillions
Country/Series-specific NotesSource: National Statistical Office and Ministry of Finance Latest actual data: 2009 Fiscal period reported: January/December GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government; State Government; Local Government; Social Security Funds
Estimates Start After2009
TitleNorway General government structural balance
KeywordsNorway General government structural balance, Norway General government structural balance data,Norway General government structural balance chart,Norway General government structural balance historical data,Norway General government structural balance graph,Norway General government structural balance forecast.