2025 05 28
Two out of four Nordic countries had a fiscal surplus in 2024 and all but one had stronger public balances compared to the EU average. The largest public balance surplus 2024 is seen in Norway, which is related to the country’s export of oil and natural gas. In terms of gross debt, which is the total debt accumulated by all levels of government, we observe a similar pattern where three out of four countries had a lower debt compared to the EU average.
