Norway recorded a Current Account surplus of 30.30 percent of the country's Gross Domestic Product in 2022. source: Statistics Norway

Current Account to GDP in Norway averaged 7.14 percent of GDP from 1980 until 2022, reaching an all time high of 30.30 percent of GDP in 2022 and a record low of -6.10 percent of GDP in 1986. This page provides - Norway Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Current Account to GDP - values, historical data and charts - was last updated on June of 2023.

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Norway Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 76100.00 71100.00 NOK Million Apr 2023
Current Account to GDP 30.30 13.60 percent of GDP Dec 2022
Current Account 361204.00 361204.00 NOK Million Dec 2022
Exports 153587.00 171337.00 NOK Million Apr 2023
Imports 77509.00 101243.00 NOK Million Apr 2023
External Debt 7549121.00 7971397.00 NOK Million Dec 2022
Terms of Trade 98.74 92.56 points Mar 2023
Capital Flows 293332.00 542497.00 NOK Million Dec 2022
Oil Exports 45601.00 41213.00 NOK Million Apr 2023
Foreign Direct Investment -12341.00 41790.00 NOK Million Dec 2022

Norway Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
30.30 13.60 30.30 -6.10 1980 - 2022 percent of GDP Yearly