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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 (%)

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 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)

Current Account
                     Norway - Historical Data (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