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.