Norway's current account surplus widened sharply to NOK 80.9 billion in the second quarter of 2018 from NOK 59.5 billion in the same period a year earlier. It was the largest current account surplus since the fourth quarter of 2014, as the goods and services surplus jumped to NOK 34.1 billion from NOK 16.4 billion a year ago and the income and current transfers surplus increased to an all-time high of NOK 46.8 billion from NOK 43.1 billion. Current Account in Norway averaged 36254.13 NOK Million from 1981 until 2018, 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 32900.00 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 60200.00 in 12 months time. In the long-term, the Norway Current Account is projected to trend around 34200.00 NOK Million in 2020, according to our econometric models.

Norway Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-07 07:00 AM Current Account NOK35.03B NOK21.2B NOK 55.1B
2018-06-06 06:00 AM Current Account NOK61B NOK40.2B NOK 59.1B
2018-09-05 06:00 AM Current Account NOK80.9B NOK75.1B NOK 65.6B
2018-12-05 07:00 AM Current Account NOK80.9B NOK 32.9B


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 34898.50 22205.70 48677.18 -6100.20 NOK Million [+]
Exports 99517.64 82904.03 99517.64 449.00 NOK Million [+]
Imports 64619.13 60698.33 84950.76 696.00 NOK Million [+]
Current Account 80938.00 75124.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 5.70 4.00 16.20 -6.10 percent [+]
External Debt 5222383.00 5204408.00 5585278.00 0.00 NOK Million [+]
Terms of Trade 108.23 108.40 115.90 75.84 Index Points [+]
Capital Flows 139446.00 87139.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1555.00 1517.00 3417.00 2.00 BBL/D/1K [+]
Terrorism Index 0.00 0.00 4.71 0.00 [+]
Weapons Sales 134.00 150.00 278.00 1.00 USD Million [+]
Foreign Direct Investment -33665.00 -70439.00 118173.00 -219186.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
80938.00 75124.00 122200.00 -16087.00 1981 - 2018 NOK Million Quarterly
Current Prices, NSA




Country Last
Argentina -8292.00 Jun/18
Australia -13472.00 Jun/18
Brazil 31.80 Sep/18
Canada -15880.00 Jun/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -1918.00 Sep/18
Germany 21141.17 Sep/18
India -15807.13 Jun/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1821.60 Sep/18
Mexico -3882.10 Jun/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 22832.40 Jun/18
South Africa -163760.00 Jun/18
South Korea 10831.40 Sep/18
Spain 1830.00 Aug/18
Switzerland 22143.83 Jun/18
Turkey 1830.00 Sep/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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