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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Government Expense (% of GDP) held to 35.89 Percent in December 2023
World BankYearlyReleased December 2023
Norway Government Expense (% of GDP) held to 35.89 Percent in December 2023.
Latest Release
35.893930
Actual
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Consensus
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Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Expense (% of GDP) (Norway) was reported at 35.89 Percent in December 2023. This is classified as a medium-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 33.90 Percent, down from the prior three at 40.36 Percent.
Auto-generated from current model state · Refreshes on each release · Last update December 2023.
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Government Expense (% of GDP) - NO
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About Government Expense (% of GDP) — Norway
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - NO Events
| Tuesday, May 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | NO | Loan Growth YoY | 4.4 | 4.5 | 4.50 | Low | |
| 06:00 | NO | Unemployment Rate | 4.9 | 5.1 | 5.25 | Low | |
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | NO | GDP Growth Rate YoY | 2.2 | 2.4 | 2.40 | Low | |
| 06:00 | NO | GDP Growth Rate QoQ | -0.3 | 0.9 | 0.90 | Low | |
| 06:00 | NO | GDP Growth Mainland QoQ | 0.4 | 0.4 | 0.40 | Low | |
| Friday, May 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | NO | Unemployed Persons | 61.9 | 62.3 | 62.30 | Low | |