Norway Current Account  1981-2017 | Data | Chart | Calendar | Forecast

Norway's current account surplus increased sharply to NOK 59.3 billion in the fourth quarter of 2016 from NOK 52.9 billion in the same period a year earlier. It was the largest surplus since the third quarter of 2015 as surplus of income and current transfers widened to NOK 26.6 billion from NOK 13.6 billion a year ago while the goods and services surplus decreased to a NOK 32.7 billion from NOK 39.3 billion surplus in the fourth quarter of 2015. In 2016, the current account surplus fell to NOK 152.2 billion from NOK 270.0 billion in 2015. Current Account in Norway averaged 35790.26 NOK Million from 1981 until 2016, reaching an all time high of 122316 NOK Million in the first quarter of 2014 and a record low of -16087 NOK Million in the second quarter of 1986.

Norway Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-07 08:00 AM Q2 NOK 40.3B NOK 42.8B NOK 27.7B
2016-12-07 07:00 AM Q3 NOK24.9B NOK 28.5B NOK 45.4B
2017-03-01 07:00 AM Q4 NOK59.3B NOK19.0B NOK 25.1B
2017-06-07 06:00 AM Q1 NOK59.3B
2017-09-06 06:00 AM Q2 NOK 40.1B
2017-12-06 07:00 AM Q3 NOK 39.5B




Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 23539.00 26661.00 48677.18 -5680.00 NOK Million [+]
Exports 71244.00 75244.00 91186.74 449.00 NOK Million [+]
Imports 47704.00 48763.00 64327.68 696.00 NOK Million [+]
Current Account 59304.00 19019.00 122316.00 -16087.00 NOK Million [+]
Current Account to GDP 9.00 12.00 17.80 -6.10 percent [+]
External Debt 5247666.00 0.00 5247666.00 0.00 NOK Million [+]
Terms of Trade 105.95 104.77 115.90 75.84 Index Points [+]
Capital Flows 35688.00 15501.00 189363.00 -61109.00 NOK Million [+]
Gold Reserves 36.70 36.73 36.83 36.70 Tonnes [+]
Crude Oil Production 1784.00 1766.00 3417.00 2.00 BBL/D/1K [+]
Foreign Direct Investment -189382.00 -27417.00 118173.00 -189382.00 NOK Million [+]
Terrorism Index 2.08 2.74 4.71 0.00 [+]
Weapons Sales 155.00 114.00 278.00 1.00 USD Million [+]



Norway Current Account Notes

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). This page provides - Norway Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Current Account - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
59304.00 19019.00 122316.00 -16087.00 1981 - 2016 NOK Million Quarterly
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