Terms of Trade in Norway increased to 89.59 points in the first quarter of 2021 from 84.12 points in the fourth quarter of 2020. source: Statistics Norway

Terms of Trade in Norway averaged 93.76 points from 1980 until 2021, reaching an all time high of 115.90 points in the second quarter of 2006 and a record low of 75.84 points in the first quarter of 1983. This page provides - Norway Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Terms of Trade - values, historical data and charts - was last updated on July of 2021.

Terms of Trade in Norway is expected to be 109.05 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Terms of Trade in Norway to stand at 109.05 in 12 months time. In the long-term, the Norway Terms of Trade is projected to trend around 109.05 points in 2022, according to our econometric models.

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Norway Terms of Trade

Actual Previous Highest Lowest Dates Unit Frequency
89.59 84.12 115.90 75.84 1980 - 2021 points Quarterly
NSA, 2000=100

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 25023.00 14354.00 48677.18 -9303.00 NOK Million [+]
Current Account 94301.00 94301.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 1.90 2.80 16.10 -6.10 percent of GDP [+]
Imports 72854.00 72569.00 83879.95 696.00 NOK Million [+]
Exports 97877.00 86923.00 98469.00 449.00 NOK Million [+]
External Debt 6063991.00 6151512.00 6638702.00 0.00 NOK Million [+]
Terms of Trade 89.59 84.12 115.90 75.84 points [+]
Capital Flows 98474.00 -70605.00 189108.00 -162110.00 NOK Million [+]
Crude Oil Production 1728.00 1788.00 3417.00 2.00 BBL/D/1K [+]
Oil Exports 26846.00 26509.00 37132.00 0.00 NOK Million [+]
Terrorism Index 1.30 0.08 4.71 0.00 [+]
Weapons Sales 72.00 31.00 278.00 1.00 SIPRI TIV Million [+]
Foreign Direct Investment 2217.00 -12825.00 139145.00 -220006.00 NOK Million [+]


Norway Terms of Trade
In Norway, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods.