Norway's goods and services expense (current LCU) was 182 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 92.75% from 94.42 billion in 2014 (6.78% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 182 billion | 2024 |
| Five years earlier | 123.63 billion | 2019 |
| Ten years earlier | 94.42 billion | 2014 |
| Highest | 182 billion | 2024 |
| Lowest | 3.2 billion | 1972 |
| Average since 2015 | 134.49 billion | 2015–2024 |
| First recorded | 3.2 billion |
What the numbers say
In 2024, Norway's goods and services expense (current LCU) rose 6.6% on 2023 (from 170.68 billion to 182 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +5.4% and a typical year strayed about 9.9% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 47.4% in 1980 and the biggest yearly fall was 38.5% in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 9.06 billion a year. A straight line explains 96% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 197.75 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 19.89 billion, against 28.66 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Norway had the 27th highest value of the 89 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Norway in the 2024 ranking
- Dominican Republic — 24th of 89: 260.06 billion
- South Africa — 25th of 89: 205.65 billion
- Czechia — 26th of 89: 205.44 billion
- United Kingdom — 28th of 89: 161.88 billion
- Ethiopia — 29th of 89: 149.06 billion
- Israel — 30th of 89: 125.86 billion
What this measures
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 53 values
| Year | Goods and services expense (current LCU) |
|---|---|
| 2024 | 181,998,000,000 |
| 2023 | 170,678,000,000 |
| 2022 | 158,043,000,000 |
| 2021 | 141,582,000,000 |
| 2020 | 133,477,000,000 |
| 2019 | 123,627,000,000 |
| 2018 | 116,209,000,000 |
| 2017 | 111,795,000,000 |
| 2016 | 106,174,000,000 |
| 2015 | 101,325,000,000 |
Goods and services expense (current LCU) in nearby economies
- Albania — 57.5 billion (2024)
- Armenia — 119.97 billion (2024)
- Austria — 15.41 billion (2024)
- Azerbaijan — 13.81 billion (2024)
- Belarus — 10 billion (2024)
- Belgium — 6.97 billion (2024)
- Bosnia and Herzegovina — 3.29 billion (2024)
- Bulgaria — 2.84 billion (2024)
- Croatia — 3.19 billion (2023)
- Cyprus — 1.21 billion (2024)
More public sector data for Norway
- Arms imports (SIPRI trend indicator values) — 407 million (2025)
- Military expenditure (current USD) — 17.03 billion (2025)
- Military expenditure (current LCU) — 177 billion (2025)
- Military expenditure (% of GDP) — 3.28% (2025)
- Arms exports (SIPRI trend indicator values) — 415 million (2025)
- Net investment in nonfinancial assets (current LCU) — 169.03 billion (2024)
- Net investment in nonfinancial assets (% of GDP) — 3.14% (2024)
- Net lending (+) / net borrowing (-) (current LCU) — 729.5 billion (2024)
- Net lending (+) / net borrowing (-) (% of GDP) — 13.55% (2024)
- Social contributions (current LCU)
Reading data like this
Questions people ask
- What is Norway's goods and services expense (current LCU)?
- 182 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 5,580% from 3.2 billion in 1972 (8.08% a year on average, compounded). The highest value was 182 billion in 2024 and the lowest 3.2 billion in 1972.
- How does Norway rank?
Source
World Bank, World Development Indicators, indicator GC.XPN.GSRV.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in