Norway Current Account Surplus Widens in Q1

2025-06-04 09:56 By Natasha Rubio 1 min. read

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.



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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.
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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