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. Current Account in Norway averaged 36413.21 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.

Current Account in Norway is expected to be 59800.00 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 57500.00 in 12 months time. In the long-term, the Norway Current Account is projected to trend around 59100.00 NOK Million in 2020, according to our econometric models.

Norway Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-05 07:00 AM Current Account Q3 NOK91.8B NOK79.1B NOK 62.9B
2019-03-06 07:00 AM Current Account Q4 NOK46.8B NOK91.4B NOK 75.8B
2019-06-05 06:00 AM Current Account Q1 NOK67.78B NOK47.32B NOK 55.1B
2019-09-04 06:00 AM Current Account Q2 NOK30.59B NOK73.08B NOK 60.2B
2019-12-05 07:00 AM Current Account Q3 NOK30.59B NOK 59.8B


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 6674.00 6033.00 48677.18 -5680.00 NOK Million [+]
Current Account 30587.00 73082.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 8.10 5.70 16.20 -6.10 percent [+]
Imports 58997.00 59983.00 83879.95 696.00 NOK Million [+]
Exports 65672.00 66016.00 98223.26 449.00 NOK Million [+]
External Debt 5526407.00 5482151.00 5585278.00 0.00 NOK Million [+]
Terms of Trade 95.35 95.88 115.90 75.84 Index Points [+]
Capital Flows 120750.00 25419.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1296.00 1398.00 3417.00 2.00 BBL/D/1K [+]
Terrorism Index 0.15 0.00 4.71 0.00 [+]
Weapons Sales 64.00 153.00 278.00 1.00 USD Million [+]
Foreign Direct Investment -50633.00 13462.00 118173.00 -220006.00 NOK Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). This page provides - Norway Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Current Account - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
30587.00 73082.00 122200.00 -16087.00 1981 - 2019 NOK Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19


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