The national expenditure on environmental protection in Norway is projected to gradually increase from 2024 to 2028. Starting at 1.73% of GDP in 2024, it is expected to move up to 1.75% in 2025, then to 1.76% in 2026, 1.78% in 2027, reaching 1.79% by 2028. Compared to 2023, which stood at 1.70% of GDP, this forecast indicates a steady, albeit moderate, year-on-year growth, with variations over the past two years and an estimated Compound Annual Growth Rate (CAGR) highlighting consistent upward momentum.
Looking ahead, notable trends to monitor include shifts in governmental policies towards more aggressive environmental goals, potential increases in funding for sustainable technologies, and the effect of global environmental agreements on national spending behaviors. These factors could significantly influence the expenditure trajectory, potentially accelerating growth beyond current forecasts.
