Norway’s current account surplus narrowed to NOK 217.9 billion in the second quarter of 2025 from NOK 218.7 billion in the same period of the previous year. The decrease was mainly due to a decline in the goods account surplus, which fell to NOK 154.6 billion from NOK 191.5 billion a year ago, as well as a widening deficit in current transfers (secondary income), which expanded to NOK 20.1 billion from NOK 15.8 billion. On the other hand, the services account shortfall contracted to NOK 12.4 billion from NOK 13 billion, while the surplus in the compensation of employees and investment income (primary income) went up to NOK 95.8 billion from NOK 56.1 billion a year earlier. source: Statistics Norway

Norway recorded a Current Account surplus of 217848 NOK Million in the second quarter of 2025. Current Account in Norway averaged 59859.43 NOK Million from 1981 until 2025, reaching an all time high of 616250.00 NOK Million in the third quarter of 2022 and a record low of -25428.00 NOK Million in the second quarter of 2020. This page provides - Norway Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

Norway recorded a Current Account surplus of 217848 NOK Million in the second quarter of 2025. Current Account in Norway is expected to be 205000.00 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 185000.00 NOK Million in 2026 and 169000.00 NOK Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-06-04 06:00 AM
Current Account
Q1 NOK286.5B NOK203.7B NOK 230.0B
2025-09-04 06:00 AM
Current Account
Q2 NOK217.9B NOK285.3B NOK 219.0B
2025-12-04 07:00 AM
Current Account
Q3 NOK217.9B NOK 205.0B


Related Last Previous Unit Reference
Balance of Trade 54004.00 46184.00 NOK Million Jul 2025
Capital Flows 282724.00 452221.00 NOK Million Jun 2025
Current Account 217848.00 285289.00 NOK Million Jun 2025
Current Account to GDP 16.70 17.40 percent of GDP Dec 2024
Exports 142191.00 139402.00 NOK Million Jul 2025
External Debt 7980866.00 8019581.00 NOK Million Jun 2025
Foreign Direct Investment 9955.00 -70645.00 NOK Million Jun 2025
Imports 88187.00 93218.00 NOK Million Jul 2025
Oil Exports 38392.00 32857.00 NOK Million Jul 2025
Terms of Trade 135.42 158.72 points Jun 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
217848.00 285289.00 616250.00 -25428.00 1981 - 2025 NOK Million Quarterly
Current Prices, NSA

News Stream
Norway Current Account Surplus Narrows in Q2
Norway’s current account surplus narrowed to NOK 217.9 billion in the second quarter of 2025 from NOK 218.7 billion in the same period of the previous year. The decrease was mainly due to a decline in the goods account surplus, which fell to NOK 154.6 billion from NOK 191.5 billion a year ago, as well as a widening deficit in current transfers (secondary income), which expanded to NOK 20.1 billion from NOK 15.8 billion. On the other hand, the services account shortfall contracted to NOK 12.4 billion from NOK 13 billion, while the surplus in the compensation of employees and investment income (primary income) went up to NOK 95.8 billion from NOK 56.1 billion a year earlier.
2025-09-04
Norway Current Account Surplus Widens in Q1
Norway’s current account surplus widened to NOK 286.5 billion in the first quarter of 2025 from a downwardly revised NOK 241.8 billion in the same period of the previous year. The increase was primarily due to a rise in the compensation of employees and investment income (primary income), which rose to NOK 59.2 billion from NOK 56.1 billion and by a larger goods surplus that reached NOK 245.6 billion from NOK 193.2 billion in Q1 2024.Additionally, the deficit in current transfers (secondary income) narrowed to NOK 12.9 billion from NOK 15.8 billion, while services deficit decreased to NOK 5.4 billion from NOK 9.6 billion a year ago.
2025-06-04
Norway Current Account Surplus Narrows in Q4
Norway’s current account surplus shrank to NOK 211.19 billion in the fourth quarter of 2024, down from NOK 232.02 billion in the same period of the previous year. The decrease was primarily driven by a drop in the surplus for compensation of employees and investment income (primary income), which fell to NOK 33.11 billion from NOK 53.68 billion in Q4 2023. Additionally, the goods surplus declined to NOK 213.87 billion from NOK 228.74 billion. Meanwhile, the services deficit narrowed to NOK 9.13 billion from NOK 12.79 billion, and the shortfall in current transfers (secondary income) also decreased to NOK 26.60 billion from NOK 37.55 billion.
2025-03-05