Norway's current account surplus widened sharply to NOK 91.78 billion in the September quarter of 2018 from NOK 32.94 billion in the same period a year earlier. It was the largest current account surplus since the first quarter of 2014, as the goods and services surplus surged to NOK 56.09 billion from NOK 18.12 billion a year ago and the income and current transfers surplus soared to NOK 35.69 billion from NOK 14.82 billion. Current Account in Norway averaged 36576.62 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 75800.00 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 59800.00 in 12 months time. In the long-term, the Norway Current Account is projected to trend around 34200.00 NOK Million in 2020, according to our econometric models.