Norway Current Account to GDP  1980-2017 | Data | Chart | Calendar

Norway recorded a Current Account surplus of 4.90 percent of the country's Gross Domestic Product in 2016. Current Account to GDP in Norway averaged 6.85 percent from 1980 until 2016, reaching an all time high of 16.20 percent in 2005 and a record low of -6.10 percent in 1986.

Norway Current Account to GDP
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Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 7749.67 22230.74 48677.18 -5680.00 NOK Million [+]
Exports 66925.07 66140.36 91186.74 449.00 NOK Million [+]
Imports 59175.40 43909.62 64326.16 696.00 NOK Million [+]
Current Account 77487.00 61656.00 122316.00 -16087.00 NOK Million [+]
Current Account to GDP 4.90 8.70 16.20 -6.10 percent [+]
External Debt 5388325.00 5247666.00 5388325.00 0.00 NOK Million [+]
Terms of Trade 108.68 105.95 115.90 75.84 Index Points [+]
Capital Flows 127397.00 75965.00 186517.00 -61109.00 NOK Million [+]
Gold Reserves 36.70 36.73 36.83 36.70 Tonnes [+]
Crude Oil Production 1710.00 1660.00 3417.00 2.00 BBL/D/1K [+]
Foreign Direct Investment -31842.00 -197185.00 118173.00 -197185.00 NOK Million [+]
Terrorism Index 2.08 2.74 4.71 0.00 [+]
Weapons Sales 150.00 240.00 278.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Norway Current Account to GDP Notes

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Norway Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 8.70 16.20 -6.10 1980 - 2016 percent Yearly



current account to gdp by Country

Last
Switzerland 11.50 Dec/15
Netherlands 8.40 Dec/16
Germany 8.30 Dec/16
South Korea 7.00 Dec/16
Japan 3.70 Dec/16
Euro Area 3.30 Dec/16
Italy 2.60 Dec/16
Spain 2.20 Dec/16
China 1.80 Dec/16
Russia 1.80 Dec/16
India -0.70 Dec/16
France -0.90 Dec/16
Brazil -1.30 Dec/16
Indonesia -1.80 Dec/16
United States -2.60 Dec/16
Australia -2.70 Dec/16
Mexico -2.70 Dec/16
Canada -3.30 Dec/16
Turkey -3.80 Dec/16
United Kingdom -4.40 Dec/16