Norway's current account surplus widened sharply to NOK 46.80 billion in the December quarter of 2018 from NOK 33.79 billion in the same period a year earlier. The goods and services surplus surged to NOK 54.85 billion from NOK 28.58 billion a year ago. Meanwhile, the income and current transfers posted a deficit of NOK 8.05 billion, swinging from a NOK 5.22 billion surplus in the same period of 2017. Current Account in Norway averaged 36625 NOK Million from 1981 until 2018, reaching an all time high of 122200 NOK Million in the first quarter of 2012 and a record low of -16087 NOK Million in the second quarter of 1986.

Current Account in Norway is expected to be 55100.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Norway to stand at 45100.00 in 12 months time. In the long-term, the Norway Current Account is projected to trend around 59100.00 NOK Million in 2020, according to our econometric models.

Norway Current Account
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-06-06 06:00 AM Current Account NOK61B NOK40.2B NOK 59.1B
2018-09-05 06:00 AM Current Account NOK80.9B NOK75.1B NOK 65.6B
2018-12-05 07:00 AM Current Account NOK91.8B NOK79.1B NOK 62.9B
2019-03-06 07:00 AM Current Account NOK46.8B NOK91.4B NOK 75.8B
2019-06-05 06:00 AM Current Account NOK46.8B NOK 55.1B
2019-09-04 06:00 AM Current Account NOK 60.2B
2019-12-05 07:00 AM Current Account NOK 59.8B


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 13869.80 15207.02 48677.18 -6100.20 NOK Million [+]
Current Account 46795.00 91355.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 8.10 5.70 16.20 -6.10 percent [+]
Imports 65796.78 62053.48 84950.76 696.00 NOK Million [+]
Exports 79666.58 77260.50 99710.44 449.00 NOK Million [+]
External Debt 5425403.00 5235309.00 5585278.00 0.00 NOK Million [+]
Terms of Trade 105.38 108.23 115.90 75.84 Index Points [+]
Capital Flows 54753.00 53275.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1535.00 1525.00 3417.00 2.00 BBL/D/1K [+]
Terrorism Index 0.15 0.00 4.71 0.00 [+]
Weapons Sales 134.00 150.00 278.00 1.00 USD Million [+]
Foreign Direct Investment -40950.00 -4796.00 118173.00 -219186.00 NOK Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Norway Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Norway Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Current Account - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
46795.00 91355.00 122200.00 -16087.00 1981 - 2018 NOK Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


Related

Latest