Norway's current account surplus decreased to NOK 67.78 billion in the three months to March 2019 from NOK 76.89 billion in the same period the prior year. The goods and services surplus dropped noticeably to NOK 43.72 billion from NOK 55.40 billion a year ago. Meanwhile, the surplus of income and current transfers increased to NOK 24.06 billion from NOK 21.49 billlion. Current Account in Norway averaged 36828.51 NOK Million from 1981 until 2019, 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 60200.00 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 50700.00 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.