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by tschwimmer 968 days ago
70% seemed insanely high to me and so I checked this. It seems like the IMF has a similar (but not exact stat) that you quoted as 48%: https://www.imf.org/external/datamapper/exp@FPP/NOR?zoom=NOR...

USA is 42% on the same measure.

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Government expenditure is a very different metric as that's just what the state spends, not how it generates its income. Which in theory could be almost entirely by the private sector. Here's the US state department quoting the relevant reports (https://www.state.gov/reports/2022-investment-climate-statem...)

"The public sector accounts for nearly 66 percent of GDP. The Norwegian government is the largest owner in Norway, with ownership stakes in a range of key sectors (e.g., energy, transportation, finance, and communications)"[...]