Norway Current Account to GDP
Norway recorded a Current Account surplus of 11 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Norway averaged 7.15 Percent from 1980 until 2013, reaching an all time high of 17.80 Percent in 2008 and a record low of -6.10 Percent in 1986. Current Account to GDP in Norway is reported by the Statistics Norway.
||1980 - 2013
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Norway Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.