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Norway Current Account Value and percent from GDP

Norway Current Account Data

Indicator Data Period
Current Account to GDP 2 % 2020
Current Account 269482 NOK Million | 27.521 B USD 4Q/21


Latest data on Current Account to GDP (%)

Current Account to GDP
                     Norway - Historical Data (%)

What is ratio of Norway Current Account to GDP?

  • The surplus of Current Account to GDP in Norway decreased to 2 % in 2020. The maximum surplus was 16.1 % and deficit was -6.1 %
  • Data published Yearly by Statistics.

Historical Data (%) by years

Data
Period
Date
2 2020 12.03.2021
4.1 2019 29.09.2020
7.1 2018 07.03.2019
5.7 2017 07.09.2018
4.9 2016 11.08.2017
8.7 2015 31.12.2015
11 2014 31.12.2014
10.2 2013 31.12.2013


Historical Chart by prime ministers (%)

Current Account to GDP in Norway by prime ministers

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Erna Solberg 16.10.2013 - 10.2000 5.1000 11.0000 4.9000 -50.00%
Jens Stoltenberg 17.10.2005 - 16.10.2013 16.2000 12.4000 16.2000 10.7000 -23.46%
Kjell Magne 19.10.2001 - 17.10.2005 15.3000 12.4000 15.3000 12.3000 -18.95%
Jens Stoltenberg 17.03.2000 - 19.10.2001 15.5000 15.5000 15.5000 15.5000 0.00%
Kjell Magne (2) 17.10.1997 - 17.03.2000 6.3000 6.1000 6.3000 -0.3000 -3.17%
Thorbjorn Jagland 25.10.1996 - 17.10.1997 6.9000 6.9000 6.9000 6.9000 0.00%
Gro Harlem (3) 03.11.1990 - 25.10.1996 2.5000 3.6000 3.7000 2.5000 44.00%
Jan Peder Syse 16.10.1989 - 03.11.1990 -0.1000 -0.1000 -0.1000 -0.1000 0.00%
Gro Harlem (2) 09.05.1986 - 16.10.1989 -6.1000 -4.0000 -4.0000 -6.1000 -34.43%
Kare Willoch 14.10.1981 - 09.05.1986 3.5000 4.7000 5.4000 0.9000 34.29%


Latest data on Current Account (NOK Million)

Current Account
                     Norway - Historical Data (NOK Million)

What is Norway Current Account Deficit?

  • The surplus of Current Account in Norway remained unchanged at 269482 NOK Million (27.521 B USD) in the forth quarter of 2021. The maximum value was 122200 NOK Million and minimum was -16087 NOK Million.
  • Data published Quarterly by Statistics.

Historical Data (NOK Million) by years

Data
Period
Date
269482 4Q/21 02.03.2022
148337 3Q/21 18.01.2022
93244 2Q/21 01.09.2021
94301 1Q/21 02.06.2021
9277 4Q/20 03.03.2021
9906 3Q/20 02.12.2020
20482 2Q/20 02.09.2020
66078 1Q/20 03.06.2020


Historical Chart by prime ministers (NOK Million)

Current Account in Norway by prime ministers

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Erna Solberg 16.10.2013 - 95341.0000 60999.0000 122316.0000 11572.0000 -36.02%
Jens Stoltenberg 17.10.2005 - 16.10.2013 106358.0000 71780.0000 121708.0000 39770.0000 -32.51%
Kjell Magne 19.10.2001 - 17.10.2005 61009.0000 82812.0000 82812.0000 43995.0000 35.74%
Jens Stoltenberg 17.03.2000 - 19.10.2001 43847.0000 67286.0000 76805.0000 39097.0000 53.46%
Kjell Magne (2) 17.10.1997 - 17.03.2000 13138.0000 33682.0000 33682.0000 -9507.0000 156.37%
Thorbjorn Jagland 25.10.1996 - 17.10.1997 17485.0000 18301.0000 23531.0000 15323.0000 4.67%
Gro Harlem (3) 03.11.1990 - 25.10.1996 11446.0000 18642.0000 20382.0000 530.0000 62.87%
Jan Peder Syse 16.10.1989 - 03.11.1990 -4790.0000 8655.0000 8655.0000 -4790.0000 -280.69%
Gro Harlem (2) 09.05.1986 - 16.10.1989 -16087.0000 2146.0000 2146.0000 -16087.0000 -113.34%
Kare Willoch 14.10.1981 - 09.05.1986 -543.0000 -3472.0000 7383.0000 -3472.0000 539.41%
Gro Harlem 04.02.1981 - 14.10.1981 2379.0000 4164.0000 6456.0000 2379.0000 75.03%

Other trade indicators in Norway

Index Updated Actual Previous
Weapons Sales 2020 72 M USD 31
Balance of Trade Apr/22 9.457 B USD 14.131
Capital Flows 4Q/21 24.328 B USD 10.909
Exports Apr/22 16.912 B USD 23.113
Foreign Exchange Reserves Apr/22 74.621 B USD 71.445
Imports Apr/22 7.455 B USD 8.982
Terms of Trade  1Q/22 104 in. pt. 95.46

Current Account to GDP in other countries

Country Updated Actual Previous
Austria 2020 2.5 % 2.8
Ireland 2020 4.6 % -11.3
Luxembourg 2020 4.3 % 4.6
Spain 2020 0.7 % 2.1
Iceland 2020 1 % 6.4
Norway 2020 2 % 2.8
Belarus 2020 -0.4 % -1.9
Belgium 2020 -0.2 % 0.3
Bulgaria 2020 -0.7 % 1.8
Croatia 2020 -0.3 % 3
Cyprus 2020 -11.9 % -6.3
Czech Republic 2020 3.6 % 0.3
Denmark 2020 7.8 % 8.9
Estonia 2020 -0.6 % 2
Euro Area 2020 3 % 3.1
European Union 2020 3 % 3
Finland 2020 0.3 % -0.3
France 2021 -1 % -1.9
Germany 2020 7 % 7.5
Greece 2020 -6.7 % -1.5
Hungary 2020 0 % -0.4
Italy 2020 3.6 % 3.2
Latvia 2020 3 % -0.6
Lithuania 2020 8.3 % 3.3
Macedonia 2020 -3.5 % -3.3
Malta 2020 -4 % 5.8
Moldova 2021 -11.6 % -7.7
Montenegro 2020 -25.9 % -15
Netherlands 2020 7.8 % 9.9
Poland 2020 3.6 % 0.5
Portugal 2020 -1.2 % 0.4
Romania 2020 -5.1 % -4.7
Russia 2021 6.8 % 2.4
Serbia 2020 -4.3 % -6.9
Slovakia 2020 -0.4 % -2.7
Slovenia 2020 7.1 % 5.6
Sweden 2020 5.2 % 5.1
Switzerland 2020 3.8 % 6.7
Turkey 2021 -1.7 % -5
Ukraine 2020 4.3 % -2.7
United Kingdom 2018 -3.9 % -4.1
Albania 2020 -8.9 % -8.5
Bosnia and Herzegovina 2020 -3.1 % -3.1
Kosovo 2020 -7.2 % -5.8