Norway's current account surplus narrowed to NOK 20.48 billion in the second quarter of 2020 from NOK 27.02 billion in the same period the prior year. This was the smallest current account surplus since the fourth quarter 2017, as the goods and services account recorded a NOK 7.73 billion deficit, compared to a NOK 5.35 billion surplus a year earlier. Meanwhile, the income and current transfers surplus increased to NOK 28.21 billion from NOK 21.67 billion. source: Statistics Norway

Current Account in Norway averaged 36104.05 NOK Million from 1981 until 2020, reaching an all time high of 122730 NOK Million in the first quarter of 2012 and a record low of -16125 NOK Million in the second quarter of 1986. This page provides - Norway Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Current Account - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Current Account in Norway is expected to be 17200.00 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 34200.00 in 12 months time. In the long-term, the Norway Current Account is projected to trend around 34100.00 NOK Million in 2021 and 45100.00 NOK Million in 2022, according to our econometric models.

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Norway Current Account

Actual Previous Highest Lowest Dates Unit Frequency
20482.00 63231.00 122730.00 -16125.00 1981 - 2020 NOK Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-04 07:00 AM Q3 NOK23.93B NOK26.53B NOK 59.8B
2020-03-04 07:00 AM Q4 NOK19.1B NOK29.5B NOK 45.1B
2020-06-03 06:00 AM Q1 NOK66.1B NOK25.1B NOK 50.7B
2020-09-02 06:00 AM Q2 NOK20.5B NOK63.2B NOK 22.5B
2020-12-02 07:00 AM Q3 NOK20.5B NOK 17.2B
2021-03-04 07:00 AM Q4
2021-06-03 06:00 AM Q1
2021-09-02 06:00 AM Q2


News Stream
Norway Current Account Surplus Smallest in 2-1/2 Years
Norway's current account surplus narrowed to NOK 20.48 billion in the second quarter of 2020 from NOK 27.02 billion in the same period the prior year. This was the smallest current account surplus since the fourth quarter 2017, as the goods and services account recorded a NOK 7.73 billion deficit, compared to a NOK 5.35 billion surplus a year earlier. Meanwhile, the income and current transfers surplus increased to NOK 28.21 billion from NOK 21.67 billion.
2020-09-02
Norway Current Account Surplus Narrows in Q1
Norway's current account surplus narrowed to NOK 66.08 billion in the first quarter of 2020 from NOK 66.41 billion in the same period the prior year. The goods and services surplus fell to NOK 27.12 billion from NOK 43.84 billion a year earlier, while the income and current transfers surplus jumped to NOK 38.96 billion from NOK 22.57 billion.
2020-06-03
Norway Current Account Surplus Smallest in 3 Years
Norway's current account surplus plunged to NOK 19.07 billion in the fourth quarter of 2019 from NOK 39.82 billion in the same period the previous year. This was the smallest current account surplus since the third quarter of 2016, as goods and services surplus narrowed to NOK 14.91 billion from NOK 54.17 billion a year earlier. Meanwhile, the income and current transfers shifted to NOK 1.16 billion surplus from a NOK 14.35 billion gap.
2020-03-04
Norway Q3 Current Account Surplus Smallest in 2 Years
Norway's current account surplus plunged to NOK 23.93 billion in the third quarter of 2019 from NOK 83.89 billion in the same period the prior year. This was the smallest current account surplus since the fourth quarter of 2017, with goods and services account shifting to a deficit of NOK 12.09 billion from a surplus of NOK 57.19 billion a year earlier. Meanwhile, the income and current transfers surplus increased to NOK 36.02 billion from NOK 26.70 billion.
2019-12-04

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).