Norway Current Account Value and percent from GDP
Norway Current Account Data
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 30.3 % | 2022 |
| Current Account | 171339 NOK Million | 15.789 B USD | 2Q/23 |
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 increased to 30.3 % in 2022. The maximum surplus was 16.1 % and deficit was -6.1 %
- Data published Yearly by Statistics.
Historical Data (%) by years
Data
Period
Date
| 30.3 | 2022 | 26.04.2023 |
| 15 | 2021 | 19.07.2022 |
| 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 |
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 decreased to 171339 NOK Million (15.789 B USD) in the second quarter of 2023. 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
| 171339 | 2Q/23 | 07.09.2023 |
| 279693 | 1Q/23 | 08.06.2023 |
| 361204 | 4Q/22 | 01.03.2023 |
| 570571 | 3Q/22 | 07.12.2022 |
| 276801 | 2Q/22 | 07.09.2022 |
| 341055 | 1Q/22 | 01.06.2022 |
| 269482 | 4Q/21 | 02.03.2022 |
| 148337 | 3Q/21 | 18.01.2022 |
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 | 2022 | 88 M USD | 119 |
| Balance of Trade | Aug/23 | 5.655 B USD | 5.677 |
| Capital Flows | 2Q/23 | 24.417 B USD | 28.129 |
| Exports | Aug/23 | 12.931 B USD | 12.297 |
| Foreign Exchange Reserves | Sep/23 | 77.836 B USD | 77.86 |
| Imports | Aug/23 | 7.276 B USD | 6.62 |
| Terms of Trade | 2Q/23 | 97.33 in. pt. | 89.6 |
Current Account to GDP in other countries
| Country | Updated | Actual | Previous |
| Austria | 2022 | 0.7 % | 0.4 |
| Ireland | 2022 | 8.8 % | 14.2 |
| Luxembourg | 2022 | 5 % | 4.6 |
| Spain | 2022 | 0.6 % | 1 |
| Iceland | 2022 | -1.5 % | -2.4 |
| Norway | 2022 | 30.3 % | 13.6 |
| Belarus | 2022 | 4.2 % | 2.7 |
| Belgium | 2022 | -3.5 % | 0.4 |
| Bulgaria | 2022 | -0.7 % | -1.9 |
| Croatia | 2022 | -3.3 % | 3.1 |
| Cyprus | 2022 | -9.1 % | -6.8 |
| Czech Republic | 2022 | -6.1 % | -2.8 |
| Denmark | 2022 | 13.2 % | 9 |
| Estonia | 2022 | -2.2 % | -1.8 |
| Euro Area | 2022 | -1 % | 2.3 |
| European Union | 2022 | -0.6 % | 2.6 |
| Finland | 2022 | -3.9 % | 0.5 |
| France | 2022 | -2.1 % | 0.4 |
| Germany | 2022 | 4.2 % | 7.7 |
| Greece | 2022 | -9.7 % | -6.8 |
| Hungary | 2022 | -8.2 % | -3.9 |
| Italy | 2022 | -1.3 % | 3.1 |
| Latvia | 2022 | -6.4 % | -4.2 |
| Lithuania | 2022 | -5.1 % | 1.1 |
| Macedonia | 2022 | -6.7 % | -3.6 |
| Malta | 2022 | -5.8 % | 1.2 |
| Moldova | 2022 | -13.1 % | -11.6 |
| Montenegro | 2022 | -13.3 % | -9.2 |
| Netherlands | 2022 | 4.4 % | 7.3 |
| Poland | 2022 | -3 % | -1.4 |
| Portugal | 2022 | -1.3 % | -0.8 |
| Romania | 2022 | -9.3 % | -7.2 |
| Russia | 2022 | 10.3 % | 6.8 |
| Serbia | 2022 | -6.9 % | -4.3 |
| Slovakia | 2022 | -8.3 % | -2.5 |
| Slovenia | 2022 | -0.4 % | 3.8 |
| Sweden | 2022 | 4.3 % | 6.5 |
| Switzerland | 2022 | 9.8 % | 7.9 |
| Turkey | 2022 | -5.4 % | -0.9 |
| Ukraine | 2022 | 5 % | -1.9 |
| United Kingdom | 2018 | -3.9 % | -4.1 |
| Albania | 2022 | -6 % | -7.6 |
| Bosnia and Herzegovina | 2022 | -4.5 % | -2.4 |
| Kosovo | 2022 | -10.8 % | -8.7 |
