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Norway Current Account Value and percent from GDP

Norway Current Account Data

Indicator Data Period
Current Account to GDP 15 % 2021
Current Account 276801 NOK Million | 26.448 B USD 2Q/22


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 increased to 15 % in 2021. The maximum surplus was 16.1 % and deficit was -6.1 %
  • Data published Yearly by Statistics.

Historical Data (%) by years

Data
Period
Date
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
11 2014 31.12.2014


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 decreased to 276801 NOK Million (26.448 B USD) in the second quarter of 2022. 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
276801 2Q/22 07.09.2022
341055 1Q/22 01.06.2022
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


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 Aug/22 18.89 B USD 14.648
Capital Flows 2Q/22 20.715 B USD 30.579
Exports Aug/22 27.503 B USD 21.865
Foreign Exchange Reserves Aug/22 73.017 B USD 72.945
Imports Aug/22 8.614 B USD 7.217
Terms of Trade  2Q/22 107 in. pt. 104

Current Account to GDP in other countries

Country Updated Actual Previous
Austria 2021 -0.5 % 1.9
Ireland 2021 13.9 % -2.7
Luxembourg 2021 4.8 % 4.1
Spain 2021 0.9 % 0.8
Iceland 2021 -2.7 % 0.8
Norway 2021 15 % 1.1
Belarus 2021 -2.7 % -0.4
Belgium 2021 -0.4 % 0.8
Bulgaria 2021 -0.4 % -0.1
Croatia 2021 3.1 % -0.1
Cyprus 2021 -7.2 % -10.1
Czech Republic 2021 -0.8 % 2
Denmark 2021 8.8 % 8
Estonia 2021 -1.6 % -0.3
Euro Area 2021 2.5 % 1.9
European Union 2021 2.5 % 2.3
Finland 2021 0.9 % 0.6
France 2021 0.4 % -1.8
Germany 2021 7.4 % 7.1
Greece 2021 -5.9 % -6.6
Hungary 2021 -2.9 % -1
Italy 2021 2.5 % 3.7
Latvia 2021 -2.9 % 2.9
Lithuania 2021 1.4 % 7.3
Macedonia 2021 -3.5 % -3.4
Malta 2021 -4.9 % -2.9
Moldova 2021 -11.6 % -7.7
Montenegro 2021 -9.3 % -26.1
Netherlands 2021 9 % 7.1
Poland 2021 -0.7 % 2.9
Portugal 2021 -1.1 % -1.1
Romania 2021 -7 % -5
Russia 2021 6.8 % 2.4
Serbia 2021 -4.4 % -4.3
Slovakia 2021 -2 % 0.4
Slovenia 2021 3.3 % 7.4
Sweden 2021 5.3 % 5.9
Switzerland 2021 9.3 % 2.8
Turkey 2021 -1.7 % -5
Ukraine 2021 -1.3 % 3.4
United Kingdom 2018 -3.9 % -4.1
Albania 2021 -7.7 % -8.7
Bosnia and Herzegovina 2021 -2.1 % -3.8
Kosovo 2021 -8.6 % -7