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. source: Statistics Norway

Norway recorded a Current Account surplus of 153109 NOK Million in the fourth quarter of 2025. Current Account in Norway averaged 60260.02 NOK Million from 1981 until 2025, 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 March of 2026.

Norway recorded a Current Account surplus of 153109 NOK Million in the fourth quarter of 2025. Current Account in Norway is expected to be 215000.00 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
2025-12-10 07:00 AM
Current Account
Q3 NOK174.5B NOK179.3B NOK 205.0B
2026-03-04 07:00 AM
Current Account
Q4 NOK153.1B NOK177.4B NOK120.0B
2026-06-04 06:00 AM
Current Account
Q1 NOK153.1B NOK 215B


Related Last Previous Unit Reference
Balance of Trade 75911.00 42912.00 NOK Million Jan 2026
Capital Flows 85412.00 168176.00 NOK Million Dec 2025
Current Account 153109.00 177426.00 NOK Million Dec 2025
Current Account to GDP 14.20 15.30 percent of GDP Dec 2025
Exports 154466.00 138733.00 NOK Million Jan 2026
External Debt 8606347.00 8082770.00 NOK Million Dec 2025
Foreign Direct Investment -25366.00 7702.00 NOK Million Dec 2025
Imports 78555.00 95821.00 NOK Million Jan 2026
Oil Exports 40573.00 34809.00 NOK Million Jan 2026
Terms of Trade 124.35 130.84 points Dec 2025


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
153109.00 177426.00 614390.00 -18505.00 1981 - 2025 NOK Million Quarterly
Current Prices, NSA

News Stream
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
Norway Q3 Current Account Surplus Smallest in 4 Years
Norway recorded a current account surplus of NOK 174.5 billion in the third quarter of 2025, narrowing from NOK 192.7 billion in the corresponding period of the previous year. This marked the smallest surplus since the third quarter of 2021, mainly due to a decrease in the goods account surplus, which fell to NOK 157.3 billion from NOK 160.3 billion a year ago, as well as the surplus in the compensation of employees and investment income (primary income), which contracted to NOK 51.9 billion from 63.7 billion. Additionally, the deficit in current transfers (secondary income) widened to NOK 16 billion from NOK 12 billion. On the other hand, the services account shortfall declined to NOK 18.8 billion from NOK 19.3 billion a year earlier.
2025-12-10
Norway Current Account Surplus Narrows in Q2
Norway’s current account surplus narrowed to NOK 217.9 billion in the second quarter of 2025 from NOK 218.7 billion in the same period of the previous year. The decrease was mainly due to a decline in the goods account surplus, which fell to NOK 154.6 billion from NOK 191.5 billion a year ago, as well as a widening deficit in current transfers (secondary income), which expanded to NOK 20.1 billion from NOK 15.8 billion. On the other hand, the services account shortfall contracted to NOK 12.4 billion from NOK 13 billion, while the surplus in the compensation of employees and investment income (primary income) went up to NOK 95.8 billion from NOK 56.1 billion a year earlier.
2025-09-04