Paying $1 every second would take 4,607 years to clear the balance.
DebtClock.io
National Debt of Norway
1,560,960,080,322 kr
Updated: - Data from IMF/World Bank/ECB
Debt as % of GDP
30.04%
Latest year: 2024
Debt (nominal)
1,560,960,080,322 kr
NOK / USD toggle below
GDP (nominal)
5,197,136,941,308 kr
Latest year: 2024
Population
5,379,475
Latest year: 2024
Interest per Year
46,828,802,410 kr
≈ 1,484 kr / second
Debt per Citizen
290,170 kr
Based on latest pop
Inflation (CPI, %)
3.15%
Year: 2024
GDP growth (%, real)
2.10%
Year: 2024
Unemployment (%)
3.97%
Year: 2024
Budget balance (% GDP)
17.35%
Year: 2023
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Historical Trends
Debt-to-GDP (%)
Inflation (CPI, %)
GDP growth (% real)
Unemployment (%)
Budget balance (% of GDP)
Norway Economy Snapshot
The economy of Norway shows steady performance, with a nominal GDP of 5.2 trillion kr and average income of about 966,105 kr per person. Moderate inflation at 3.15%, while the economy posted modest growth of 2.10%. Very low unemployment around 3.97%, and the government runs a 17.35% fiscal surplus. The current exchange rate is 0.09 USD/NOK.
| GDP (nominal) | 5,197,136,941,308 kr |
|---|---|
| GDP per capita | 966,105 kr |
| Inflation | 3.15% |
| GDP growth | 2.10% |
| Unemployment | 3.97% |
| Budget balance | 17.35% |
| FX (USD/NOK) | 0.09 |
Norway Economy Facts
Spending $1M a day would take 398 years to use up the entire debt.
Equal to 76.5 million ounces of gold at ~$1,900 per ounce.
