Norway Current Account Value and percent from GDP
Norway Current Account Data
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 1.9 % | 2020 |
| Current Account | 94301 NOK Million | 10.823 B USD | 1Q/21 |
Latest data on Current Account to GDP (%)
What is ratio of Norway Current Account to GDP?
- The surplus of Current Account to GDP in Norway decreased to 1.9 % 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
| 1.9 | 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)
What is Norway Current Account Deficit?
- The surplus of Current Account in Norway remained unchanged at 94301 NOK Million (10.823 B USD) in the first 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
| 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 |
| 19073 | 4Q/19 | 04.03.2020 |
| 23927 | 3Q/19 | 04.12.2019 |
| 30587 | 2Q/19 | 29.10.2019 |
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 |
| Current Account to GDP | 2020 | 1.9 % | 2.8 |
| Weapons Sales | 2020 | 72 M USD | 31 |
| Balance of Trade | Jun/21 | 2.872 B USD | 1.647 |
| Capital Flows | 1Q/21 | 11.302 B USD | -8.103 |
| Foreign Exchange Reserves | Jun/21 | 79.112 B USD | 77.999 |
| Imports | Jun/21 | 8.361 B USD | 8.329 |
| Terms of Trade | 1Q/21 | 89.59 in. pt. | 84.12 |
Current Account to GDP in other countries
| Country | Updated | Actual | Previous |
| Austria | 2020 | 2.5 % | 2.8 |
| Ireland | 2020 | 4.6 % | -11.3 |
| Luxembourg | 2019 | 4.5 % | 4.8 |
| Spain | 2020 | 0.7 % | 2.1 |
| Iceland | 2020 | 1 % | 6.4 |
| Norway | 2020 | 1.9 % | 2.8 |
| Belarus | 2020 | -0.4 % | -1.9 |
| Belgium | 2019 | -1.2 % | -1.4 |
| Bulgaria | 2019 | 4 % | 4.6 |
| Croatia | 2019 | 2.5 % | 1.9 |
| Cyprus | 2019 | -6.7 % | -4.4 |
| Czech Republic | 2019 | -0.4 % | 0.4 |
| Denmark | 2020 | 7.8 % | 8.9 |
| Estonia | 2019 | 2.2 % | 1.7 |
| Euro Area | 2020 | 3 % | 3.1 |
| European Union | 2020 | 3 % | 3 |
| Finland | 2020 | 0.3 % | -0.3 |
| France | 2020 | -1.9 % | -0.7 |
| Germany | 2020 | 7 % | 7.5 |
| Greece | 2020 | -6.7 % | -1.5 |
| Hungary | 2019 | -0.8 % | 0.4 |
| Italy | 2020 | 3.6 % | 3.2 |
| Latvia | 2020 | 3 % | -0.6 |
| Lithuania | 2020 | 8.3 % | 3.3 |
| Macedonia | 2019 | -3.3 % | -0.1 |
| Malta | 2020 | -4 % | 5.8 |
| Moldova | 2019 | -9.7 % | -10.6 |
| Montenegro | 2019 | -15 % | -17 |
| Netherlands | 2020 | 7.8 % | 9.9 |
| Poland | 2020 | 3.6 % | 0.5 |
| Portugal | 2020 | -1.2 % | 0.4 |
| Romania | 2019 | -4.6 % | -4.5 |
| Russia | 2019 | 3.9 % | 6.8 |
| Serbia | 2019 | -6.9 % | -4.8 |
| Slovakia | 2019 | -2.9 % | -2.6 |
| Slovenia | 2019 | 6.6 % | 7 |
| Sweden | 2020 | 5.2 % | 5.1 |
| Switzerland | 2020 | 3.8 % | 6.7 |
| Turkey | 2020 | -5.1 % | 0.9 |
| Ukraine | 2020 | -4 % | -2.7 |
| United Kingdom | 2018 | -3.9 % | -4.1 |
| Albania | 2019 | -7.6 % | -6.7 |
| Bosnia and Herzegovina | 2020 | -3.1 % | -3.1 |
| Kosovo | 2019 | -5.8 % | -7.6 |
