Norway’s current account recorded a surplus of NOK 279 billion in the second quarter of 2026, marking the largest surplus since the first quarter of 2023 and widening from NOK 185 billion in the corresponding period of the previous year. The increase was largely driven by a bigger surplus in the goods account, which expanded to NOK 242.5 billion from NOK 149 billion, while the services account deficit narrowed to NOK 10.3 billion from NOK 17.7 billion. At the same time, the shortfall in current transfers (secondary income) declined to NOK 12.5 billion from NOK 20.4 billion. On the other hand, surplus in the compensation of employees and investment income (primary income) decreased to NOK 59.3 billion from NOK 74.1 billion a year ago. source: Statistics Norway

Norway recorded a Current Account surplus of 279000 NOK Million in the second quarter of 2026. Current Account in Norway averaged 62538.19 NOK Million from 1981 until 2026, reaching an all time high of 614390.00 NOK Million in the third quarter of 2022 and a record low of -18505.00 NOK Million in the second quarter of 2020. This page provides - Norway Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

Norway recorded a Current Account surplus of 279000 NOK Million in the second quarter of 2026. Current Account in Norway is expected to be 199000.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Current Account is projected to trend around 169000.00 NOK Million in 2027 and 125000.00 NOK Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-03 06:00 AM
Current Account
Q1 NOK266.8B NOK150B NOK 215B
2026-09-02 06:00 AM
Current Account
Q2 NOK279B NOK248.2B NOK 195B
2026-12-02 07:00 AM
Current Account
Q3 NOK279B NOK 199B


Related Last Previous Unit Reference
Balance of Trade 84330.00 63294.00 NOK Million Jul 2026
Capital Flows 482090.00 284577.00 NOK Million Jun 2026
Current Account 279000.00 248200.00 NOK Million Jun 2026
Current Account to GDP 14.20 15.00 percent of GDP Dec 2025
Exports 173591.00 161719.00 NOK Million Jul 2026
External Debt 9392163.00 8550817.00 NOK Million Jun 2026
Foreign Direct Investment 5122.00 5396.00 NOK Million Jun 2026
Imports 89261.00 98425.00 NOK Million Jul 2026
Oil Exports 44682.00 36397.00 NOK Million Jul 2026
Terms of Trade 158.53 144.20 points Jun 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
279000.00 248200.00 614390.00 -18505.00 1981 - 2026 NOK Million Quarterly
Current Prices, NSA

News Stream
Norway Current Account Surplus Largest in Over 3 Years
Norway’s current account recorded a surplus of NOK 279 billion in the second quarter of 2026, marking the largest surplus since the first quarter of 2023 and widening from NOK 185 billion in the corresponding period of the previous year. The increase was largely driven by a bigger surplus in the goods account, which expanded to NOK 242.5 billion from NOK 149 billion, while the services account deficit narrowed to NOK 10.3 billion from NOK 17.7 billion. At the same time, the shortfall in current transfers (secondary income) declined to NOK 12.5 billion from NOK 20.4 billion. On the other hand, surplus in the compensation of employees and investment income (primary income) decreased to NOK 59.3 billion from NOK 74.1 billion a year ago.
2026-09-02
Norway Current Account Surplus Narrows in Q1
Norway’s current account posted a surplus of NOK 266.8 billion in the first quarter of 2026, narrowing from NOK 271.1 billion in the corresponding period of the previous year. The decline was largely driven by a larger deficit in the services account, which increased to NOK 13.78 billion from NOK 9 billion, while the goods account surplus contracted to NOK 239.9 billion from NOK 242.6 billion. At the same time, the shortfall in current transfers (secondary income) expanded to NOK 12 billion from NOK 11.5 billion. On the other hand, compensation of employees and investment income (primary income) increased to NOK 52.7 billion from NOK 49.1 billion a year earlier.
2026-06-03
Norway Current Account Surplus Widens in Q4
Norway’s current account posted a surplus of NOK 153.1 billion in the final quarter of 2025, widening from NOK 150.1 billion in the corresponding period of the previous year. The increase was mainly driven by a sharp turnaround in primary income, as compensation of employees and investment income swung to a surplus of NOK 32.1 billion from a deficit of NOK 23.7 billion a year earlier. Additionally, the shortfall in current transfers (secondary income) narrowed to NOK 24.9 billion from NOK 25.5 billion. On the other hand, the goods account surplus contracted to NOK 163.3 billion from NOK 209.8 billion, while the service account deficit expanded to NOK 17.4 billion from NOK 10.5 billion in the same quarter last year.
2026-03-04