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. source: Statistics Norway

Norway recorded a Current Account surplus of 174541 NOK Million in the third quarter of 2025. Current Account in Norway averaged 59812.73 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 February of 2026.

Norway recorded a Current Account surplus of 174541 NOK Million in the third 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-09-04 06:00 AM
Current Account
Q2 NOK217.9B NOK285.3B NOK 219.0B
2025-12-10 07:00 AM
Current Account
Q3 NOK174.5B NOK179.3B NOK 205.0B
2026-03-05 07:00 AM
Current Account
Q4 NOK174.5B NOK120.0B


Related Last Previous Unit Reference
Balance of Trade 75911.00 42912.00 NOK Million Jan 2026
Capital Flows 168176.00 279084.00 NOK Million Sep 2025
Current Account 174541.00 179255.00 NOK Million Sep 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 8078058.00 8012916.00 NOK Million Sep 2025
Foreign Direct Investment 11098.00 10085.00 NOK Million Sep 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
174541.00 179255.00 614390.00 -18505.00 1981 - 2025 NOK Million Quarterly
Current Prices, NSA

News Stream
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
Norway Current Account Surplus Widens in Q1
Norway’s current account surplus widened to NOK 286.5 billion in the first quarter of 2025 from a downwardly revised NOK 241.8 billion in the same period of the previous year. The increase was primarily due to a rise in the compensation of employees and investment income (primary income), which rose to NOK 59.2 billion from NOK 56.1 billion and by a larger goods surplus that reached NOK 245.6 billion from NOK 193.2 billion in Q1 2024.Additionally, the deficit in current transfers (secondary income) narrowed to NOK 12.9 billion from NOK 15.8 billion, while services deficit decreased to NOK 5.4 billion from NOK 9.6 billion a year ago.
2025-06-04