Norway Crude Oil Production - Forecast

Crude Oil Production in Norway is expected to be 1583.28 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Norway to stand at 1615.63 in 12 months time. In the long-term, the Norway Crude Oil Production is projected to trend around 1605.00 BBL/D/1K in 2020, according to our econometric models.


Norway Crude Oil Production
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Norway Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 19399 5100 8900 19800 25400 14900
Exports 81858 69800 67900 79200 80100 85100
Imports 62459 64700 59000 59400 54700 70200
Current Account 35034 42182 37543 38198 39671 41792
Current Account to GDP 5.1 6.6 6.6 6.6 6.4 7.5
External Debt 5319100 5317273 5309957 5316018 5310996 5313559
Terms of Trade 106 106 105 105 106 105
Capital Flows 62176 61144 -20360 60138 -19366 54599
Crude Oil Production 1652 1583 1576 1619 1616 1605
Terrorism Index 0 0 0 0 0 0
Weapons Sales 134 134 134 134 134 134
Foreign Direct Investment -54502 -23604 -13621 -17907 -16067 -16620