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. Current Account in Norway averaged 36081.92 NOK Million from 1981 until 2019, 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. source: Statistics Norway
Current Account in Norway is expected to be 45100.00 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 47200.00 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.