Terms of Trade in Norway increased to 91.63 points in the third quarter of 2021 from 84.86 points in the second quarter of 2021. source: Statistics Norway

Terms of Trade in Norway averaged 93.69 points from 1980 until 2021, reaching an all time high of 115.90 points in the second quarter of 2006 and a record low of 75.84 points in the first quarter of 1983. This page provides - Norway Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Terms of Trade - values, historical data and charts - was last updated on October of 2021.

Terms of Trade in Norway is expected to be 109.05 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Terms of Trade is projected to trend around 109.05 points in 2022, according to our econometric models.

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Norway Terms of Trade

Norway Last Unit Reference Previous Highest Lowest
Balance of Trade 53709.00 NOK Million Sep/21 41958.00 53709.00 -9303.00
Current Account 93244.00 NOK Million Jun/21 92136.00 122200.00 -16087.00
Current Account to GDP 2.00 percent of GDP Dec/20 2.80 16.10 -6.10
Imports 75791.73 NOK Million Sep/21 73788.99 83879.95 696.00
Exports 129500.88 NOK Million Sep/21 115747.15 129500.88 449.00
External Debt 6116277.00 NOK Million Jun/21 6063991.00 6638702.00 0.00
Terms of Trade 91.63 points Sep/21 84.86 115.90 75.84
Capital Flows 11235.00 NOK Million Jun/21 98474.00 189108.00 -162110.00
Oil Exports 30351.00 NOK Million Sep/21 31959.00 37132.00 0.00
Foreign Direct Investment 2217.00 NOK Million Mar/21 -12825.00 139145.00 -220006.00

Norway Terms of Trade
In Norway, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods.