Norway General Government Structural Balance (% Potential GDP) Statistics

20, Nov 2019, EST.

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Country or Region: Norway › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Norway indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Norwegian Krone
Currency Symbol: NOK

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Norway , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Norway in year 2015 is -6.695 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes Norway No. 65 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Norway is 5.81 less than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Norway was -5.90 % General Government Structural Balance (% Potential GDP) for Norway in 2015 was or will be 13.47% more than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Norway was or will be -7.56 %, which is 12.95% more than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Norway, in other Years
Year %
  2021 -7.576
  2020 -7.614
  2019 -7.662
  2018 -7.75
  2017 -7.759
  2016 -7.562
2015 -6.695
  2014 -5.9
  2013 -5.149
  2012 -4.954
  2011 -4.517
  2010 -5.357
  2009 -5.424
  2008 -3.146
  2007 -2.994
  2006 -3.103
  2005 -3.74
  2004 -4.007
  2003 -3.971
  2002 -3.523
  2001 -2.024
  2000 -1.864
  1999 -4.298
  1998 -5.462
  1997 -3.77
  1996 -4.419
  1995 -5.902
  1994 -8.323
  1993 -9.571
  1992 -10.556
  1991 -9.48
  1990 -7.15
  1989 -6.051
  1988 -3.663
  1987 -2.714
  1986 -2.425
  1985 -3.418
  1984 -4.235
  1983 -4.479
  1982 -4.084
  1981 -3.455
  1980 -2.856