Australia vs Norway: Gross public sector debt as a share of gross domestic product
Australia
34.5%
in 2024
Norway
39.4%
in 2024
Australia rank
40th
Norway rank
37th
Gross public sector debt as a share of gross domestic product over time
- Australia
- Norway
How they compare
Norway currently reports 39.4% against 34.5% in Australia, a difference of 4.9%.
That makes Norway's figure about 1.1 times Australia's.
The two have swapped places 2 times across 25 shared years of data; in 2000 it was Norway ahead.
Australia ranks 40th and Norway ranks 37th of 49 countries.
Across the 3 decades both report, Australia averaged higher in 2 and Norway in 1.
Head to head by decade
| Decade | Australia | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7.4% | 31.8% | 24.4% | Norway |
| 2010s | 22.8% | 20.9% | 1.9% | Australia |
| 2020s | 37.4% | 29.2% | 8.2% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross public sector debt as a share of gross domestic product, Australia or Norway?
- Norway, at 39.4% against 34.5% in Australia as of 2024.
- What is the difference in gross public sector debt as a share of gross domestic product between Australia and Norway?
- 4.9%, with Norway ahead.
- How many years of comparable data are there for Australia and Norway?
- 25 years are reported by both, from 2000 to 2024.
- How do Australia and Norway rank globally for gross public sector debt as a share of gross domestic product?
- Australia ranks 40th and Norway ranks 37th of 49 countries.
- Where does this data come from?
- World Bank – processed by Our World in Data, published as Gross public sector debt as a share of gross domestic product. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross public sector debt, Central Government, as a proportion of GDP (%).