Norway recorded a Current Account surplus of 19073 NOK Million in the fourth quarter of 2019.

Current Account in Norway averaged 36264.20 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. 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 May of 2020. source: Statistics Norway

Current Account in Norway is expected to be 57500.00 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 51200.00 in 12 months time. In the long-term, the Norway Current Account is projected to trend around 59100.00 NOK Million in 2021, according to our econometric models.

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Norway Current Account

Actual Previous Highest Lowest Dates Unit Frequency
19073.00 19073.00 122200.00 -16087.00 1981 - 2019 NOK Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-06-05 06:00 AM Q1 NOK67.78B NOK47.32B NOK 55.1B
2019-09-04 06:00 AM Q2 NOK30.59B NOK73.08B NOK 60.2B
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 NOK19.1B NOK 50.7B
2020-09-02 06:00 AM Q2 NOK 57.5B
2020-12-02 07:00 AM Q3 NOK 47.2B


News Stream
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 Surplus Smallest in 1-1/2 Year
Norway's current account surplus plunged to NOK 30.59 billion in the second quarter of 2019 from NOK 59.27 billion in the same period the prior year. This was the smallest current account surplus since the fourth quarter of 2017, as the goods and services surplus tumbled to NOK 10.15 billion from NOK 35.30 billion a year ago. In addition, the income and current transfers surplus decreased to NOK 20.44 billion from NOK 23.97 billion.
2019-09-04
Norway Q1 Current Account Surplus Narrows 11.8% YoY
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.
2019-06-05

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).