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.

Norway Current Account
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Calendar GMT Actual Previous Consensus TEForecast
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 NOK67.78B NOK47.32B NOK 55.1B
2019-09-04 06:00 AM Current Account NOK67.78B NOK 60.2B
2019-12-05 07:00 AM Current Account NOK 59.8B


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 11344.00 17250.00 48677.18 -5680.00 NOK Million [+]
Current Account 67779.00 47321.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 8.10 5.70 16.20 -6.10 percent [+]
Imports 66056.00 62310.00 83879.95 696.00 NOK Million [+]
Exports 77400.00 79560.00 98223.26 449.00 NOK Million [+]
External Debt 5482151.00 5425403.00 5585278.00 0.00 NOK Million [+]
Terms of Trade 95.88 101.62 115.90 75.84 Index Points [+]
Capital Flows 32462.00 46939.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1420.00 1488.00 3417.00 2.00 BBL/D/1K [+]
Terrorism Index 0.15 0.00 4.71 0.00 [+]
Weapons Sales 64.00 153.00 278.00 1.00 USD Million [+]
Foreign Direct Investment -11977.00 -35230.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
67779.00 47321.00 122200.00 -16087.00 1981 - 2019 NOK Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -2900.00 Mar/19
Brazil -62.00 Apr/19
Canada -17347.00 Mar/19
China 586.00 Mar/19
Euro Area 35.10 Mar/19
France -846.00 Apr/19
Germany 22600.00 Apr/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 4040.10 Mar/19
Japan 1707.39 Apr/19
Mexico -5634.10 Mar/19
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea -660.00 Apr/19
Spain 26.00 Mar/19
Switzerland 15181.70 Dec/18
Turkey -1334.00 Apr/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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