Norway Current Account  1981-2016 | Data | Chart | Calendar | Forecast

Norway's current account surplus declined sharply to NOK 40.3 billion in the second quarter of 2016 from NOK 70.5 billion in the same period a year earlier. The surplus of goods and services was recorded at NOK 2.1 billion, its lowest level since 1998, compared to NOK 39.6 billion in the second quarter of 2015; while the surplus of income and current transfers widened to NOK 38.2 billion compared to NOK 30.9 billion. In the first half of the year, the current account surplus amounted to NOK 83.1 billion compared to NOK 154.6 billion in the same period of 2015. Current Account in Norway averaged 35807.68 NOK Million from 1981 until 2016, reaching an all time high of 122316.00 NOK Million in the first quarter of 2014 and a record low of -16087.00 NOK Million in the second quarter of 1986.

Norway Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-02 09:00 AM Q4 NOK 55B NOK 62B
2016-06-01 08:00 AM Q1 NOK 54B NOK 52.9B NOK 61.2B
2016-09-07 08:00 AM Q2 NOK 40.3B NOK 42.8B NOK 27.7B
2016-12-07 07:00 AM Q3 NOK 40.3B NOK 45.4B
2017-03-02 09:00 AM Q4
2017-06-01 08:00 AM Q1




Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 10360.56 3652.88 48677.18 -5680.00 NOK Million [+]
Exports 62068.54 57481.00 91186.74 449.00 NOK Million [+]
Imports 51707.98 54279.00 64327.68 696.00 NOK Million [+]
Current Account 40311.00 42814.00 122316.00 -16087.00 NOK Million [+]
Current Account to GDP 9.00 12.00 17.80 -6.10 percent [+]
External Debt 0.00 0.00 70780.00 0.00 NOK Million [+]
Terms of Trade 104.77 102.26 115.90 75.84 Index Points [+]
Capital Flows 110010.00 19013.00 166636.00 -60238.00 NOK Million [+]
Gold Reserves 36.70 36.73 36.83 36.70 Tonnes [+]
Crude Oil Production 1603.00 1763.00 3417.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 26658.00 66328.00 118173.00 -59079.00 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
40311.00 42814.00 122316.00 -16087.00 1981 - 2016 NOK Million Quarterly
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