Norway Current Account to GDP 1980-2014 | Data | Chart | Calendar

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.

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Norway Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
11.00 14.30 17.80 -6.10 1980 - 2013 percent Yearly
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. Content for - Norway Current Account to GDP - was last refreshed on Thursday, December 18, 2014.

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 24600.00 31600.00 48270.45 -5680.00 NOK Million [+]
Exports 70900.00 83600.00 90991.33 449.00 NOK Million [+]
Imports 46300.00 51900.00 57202.22 696.00 NOK Million [+]
Current Account 52300.00 68800.00 139175.00 -16087.00 NOK Million [+]
Current Account to GDP 11.00 14.30 17.80 -6.10 percent [+]
External Debt 0.00 0.00 70780.00 0.00 NOK Million [+]
Terms of Trade 106.75 107.34 115.90 75.84 Index Points [+]
Gold Reserves 36.70 36.73 36.83 36.70 Tonnes [+]
Crude Oil Production 1541.00 1605.00 3417.00 2.00 BBL/D/1K [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 percent [+]
Brazil -3.66 Dec/13 -2.40 1.80 -8.20 percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 percent [+]
China 2.00 Dec/13 2.60 10.10 -3.70 percent [+]
Euro Area 2.40 Dec/13 1.40 2.40 -1.50 percent [+]
France -1.30 Dec/13 -2.20 2.70 -2.20 percent [+]
Germany 7.50 Dec/13 7.40 7.50 -1.70 percent [+]
India -1.70 Dec/13 -4.70 1.50 -4.70 percent [+]
Indonesia -3.30 Dec/13 -2.80 4.80 -6.80 percent [+]
Italy 1.00 Dec/13 -0.30 3.20 -3.70 percent [+]
Japan 0.70 Dec/13 1.10 4.80 -1.00 percent [+]
Mexico -1.80 Dec/13 -1.20 3.40 -6.10 percent [+]
Netherlands 10.40 Dec/13 9.50 10.40 -1.00 percent [+]
Russia 1.56 Dec/13 3.60 18.00 -1.40 percent [+]
South Korea 5.80 Dec/13 4.30 11.90 -8.30 percent [+]
Spain 0.80 Dec/13 -1.20 1.50 -10.00 percent [+]
Switzerland 13.50 Dec/12 8.50 15.60 -0.60 percent [+]
Turkey -7.90 Dec/13 -6.00 2.00 -9.70 percent [+]
United Kingdom -4.40 Dec/13 -3.80 1.90 -4.90 percent [+]
United States -2.30 Dec/13 -2.70 0.20 -6.00 percent [+]