Norway's current account posted a surplus of NOK 93.24 billion in the second quarter of 2021 from NOK, shifting from a deficit of 0.67 billion in the same period the prior year. It was the largest current account surplus since the first quarter 2013, as the goods and services account surplus recorded a surplus of NOK 60.36 billion, switching from a deficit NOK 22.51 billion a year earlier, mainly due to a faster rise in the prices of crude and natural gas. Meanwhile, the income and current transfers surplus widened sharply to NOK 32.88 billion from NOK 21.84 billion a year ago. source: Statistics Norway
Current Account in Norway averaged 36549.59 NOK Million from 1981 until 2021, 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 September of 2021.
Current Account in Norway is expected to be 65100.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Current Account is projected to trend around 45100.00 NOK Million in 2022 and 29300.00 NOK Million in 2023, according to our econometric models.