Norway recorded a Current Account surplus of 266830 NOK Million in the first quarter of 2026. Current Account in Norway averaged 61445.20 NOK Million from 1981 until 2026, reaching an all time high of 614390 NOK Million in the third quarter of 2022 and a record low of -18505 NOK Million in the second quarter of 2020. source: Statistics Norway

Current Account in Norway is expected to be 195000.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Current Account is projected to trend around 169000.00 NOK Million in 2027 and 125000.00 NOK Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-04 07:00 AM
Current Account
Q4 NOK153.1B NOK177.4B NOK120.0B
2026-06-03 06:00 AM
Current Account
Q1 NOK266.8B NOK150B NOK 215B
2026-09-02 06:00 AM
Current Account
Q2 NOK266.8B NOK 195B


Related Last Previous Unit Reference
Balance of Trade 84219.00 96377.00 NOK Million Apr 2026
Capital Flows 255475.00 107362.00 NOK Million Mar 2026
Current Account 266830.00 149981.00 NOK Million Mar 2026
Current Account to GDP 14.20 15.30 percent of GDP Dec 2025
Exports 176681.00 200345.00 NOK Million Apr 2026
External Debt 8533035.00 8624367.00 NOK Million Mar 2026
Foreign Direct Investment -2593.00 -26669.00 NOK Million Mar 2026
Imports 92463.00 103969.00 NOK Million Apr 2026
Oil Exports 61354.00 57376.00 NOK Million Apr 2026
Terms of Trade 124.35 130.84 points Dec 2025


Norway Current Account
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).
Actual Previous Highest Lowest Dates Unit Frequency
266830.00 149981.00 614390.00 -18505.00 1981 - 2026 NOK Million Quarterly
Current Prices, NSA

News Stream
Norway Current Account Surplus Narrows in Q1
Norway’s current account posted a surplus of NOK 266.8 billion in the first quarter of 2026, narrowing from NOK 271.1 billion in the corresponding period of the previous year. The decline was largely driven by a larger deficit in the services account, which increased to NOK 13.78 billion from NOK 9 billion, while the goods account surplus contracted to NOK 239.9 billion from NOK 242.6 billion. At the same time, the shortfall in current transfers (secondary income) expanded to NOK 12 billion from NOK 11.5 billion. On the other hand, compensation of employees and investment income (primary income) increased to NOK 52.7 billion from NOK 49.1 billion a year earlier.
2026-06-03
Norway Current Account Surplus Widens in Q4
Norway’s current account posted a surplus of NOK 153.1 billion in the final quarter of 2025, widening from NOK 150.1 billion in the corresponding period of the previous year. The increase was mainly driven by a sharp turnaround in primary income, as compensation of employees and investment income swung to a surplus of NOK 32.1 billion from a deficit of NOK 23.7 billion a year earlier. Additionally, the shortfall in current transfers (secondary income) narrowed to NOK 24.9 billion from NOK 25.5 billion. On the other hand, the goods account surplus contracted to NOK 163.3 billion from NOK 209.8 billion, while the service account deficit expanded to NOK 17.4 billion from NOK 10.5 billion in the same quarter last year.
2026-03-04
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.
2025-12-10