Norway's current account surplus widened sharply to NOK 46.80 billion in the December quarter of 2018 from NOK 33.79 billion in the same period a year earlier. The goods and services surplus surged to NOK 54.85 billion from NOK 28.58 billion a year ago. Meanwhile, the income and current transfers posted a deficit of NOK 8.05 billion, swinging from a NOK 5.22 billion surplus in the same period of 2017. Current Account in Norway averaged 36625 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 55100.00 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 45100.00 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.