Norway Government Debt To GDP

Norway recorded a Government Debt to GDP of 29.40 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Norway is reported by the Statistics Norway. Government Debt To GDP in Norway averaged 39.29 Percent from 1980 until 2012, reaching an all time high of 53.80 Percent in 2006 and a record low of 28.40 Percent in 2011. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Norway Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
29.40 28.40 53.80 28.40 27.35 | 2012/12 1980 - 2012 Percent Yearly

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Norway Government Debt To GDP
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 29.40 2012-12-31 28.40 53.80 28.40 27.35 2012-12-31 Percent [+]
Government Budget Value 43370.00 2013-08-15 108567.00 108567.00 9065.60 96294.61 2013-12-31 NOK Million [+]
Government Spending 153883.00 2013-11-15 153071.00 153883.00 53226.00 157146.85 2014-03-31 NOK Million [+]
Credit Rating 97.77 [+]
Government Budget 13.90 2012-12-31 13.40 19.10 7.30 15.26 2013-12-31 Percent of GDP [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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