Norway's current account surplus narrowed to NOK 20.48 billion in the second quarter of 2020 from NOK 27.02 billion in the same period the prior year. This was the smallest current account surplus since the fourth quarter 2017, as the goods and services account recorded a NOK 7.73 billion deficit, compared to a NOK 5.35 billion surplus a year earlier. Meanwhile, the income and current transfers surplus increased to NOK 28.21 billion from NOK 21.67 billion. source: Statistics Norway
Current Account in Norway averaged 36104.05 NOK Million from 1981 until 2020, reaching an all time high of 122730 NOK Million in the first quarter of 2012 and a record low of -16125 NOK Million in the second quarter of 1986. 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 October of 2020.
Current Account in Norway is expected to be 17200.00 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 34200.00 in 12 months time. In the long-term, the Norway Current Account is projected to trend around 34100.00 NOK Million in 2021 and 45100.00 NOK Million in 2022, according to our econometric models.