In 2023, government expenditure on fire-protection services in Norway stood at 1.12 billion Euros. Forecasted data indicates a steady increase over the next five years, with values rising from 1.17 billion Euros in 2024 to 1.34 billion Euros in 2028. The year-on-year percentage increases are as follows:
- 2024: 4.5%
- 2025: 3.4%
- 2026: 3.3%
- 2027: 4.0%
- 2028: 3.1%
Over the last two years, the average annual growth rate has been 3.9%. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 3.7%.
Future trends to watch for include technological advancements in fire-protection services, potential changes in government budget allocation, and evolving public safety needs which may influence further fluctuations in funding levels.
