Norway Current Account

Country:
Norway
NOK, Norwegian Krone
Sector:
Trade
Low Kr​231.839 B Kr​91.505 B
Kr​238.325 B
Last release Importance Actual Forecast
Previous
Kr​249.042 B
Kr​231.839 B
Next release Actual Forecast
Previous
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Norway's Current Account reflects the balance of transactions between Norwegian residents an the rest of the world. It is the net trade balance (the difference between exported and imported goods and services), the net factor income of US residents (such as interest, dividends, etc.) and net transfer payments (e.g. foreign donations) to US residents.

In other words, the current account includes operations between Norway residents and non-residents in relation to goods, services, primary (investment) and secondary (transaction) income.

The value includes three major components: goods and services, income (wages and earnings on investments) and current transfers. The balance of goods and services is calculated based on exports and imports. The balance of income includes wages and earnings on foreign investments (minus payments made to non-resident investors). Current transfers mean transfer of money between residents and non-residents; these transfers are not related to the above-mentioned components and may include donations, aids, private money transfers, pension payments, alimony, etc.

A positive current account balance indicates that the country is a net lender to the rest of the world. A negative value shows that the nation is a net borrower.

The impact of the indicator on the Norwegian krone may vary depending on current economic conditions. Most often the growth of the current account is seen as positive for the NOK.

Last values:

actual data

forecast

The chart of the entire available history of the "Norway Current Account" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
2 Q 2024
Kr​231.839 B
Kr​91.505 B
Kr​238.325 B
1 Q 2024
Kr​249.000 B
Kr​243.400 B
4 Q 2023
Kr​235.300 B
Kr​193.100 B
3 Q 2023
Kr​193.000 B
Kr​171.339 B
2 Q 2023
Kr​171.339 B
Kr​454.416 B
Kr​279.192 B
1 Q 2023
Kr​279.693 B
Kr​465.814 B
Kr​359.259 B
4 Q 2022
Kr​361.204 B
Kr​660.059 B
Kr​592.003 B
3 Q 2022
Kr​570.571 B
Kr​366.289 B
Kr​321.927 B
2 Q 2022
Kr​276.801 B
Kr​320.644 B
Kr​335.156 B
1 Q 2022
Kr​341.055 B
Kr​300.697 B
Kr​256.712 B
4 Q 2021
Kr​269.482 B
Kr​97.317 B
Kr​156.081 B
3 Q 2021
Kr​148.337 B
Kr​104.107 B
Kr​104.409 B
2 Q 2021
Kr​93.244 B
Kr​91.511 B
Kr​92.136 B
1 Q 2021
Kr​94.301 B
Kr​18.694 B
Kr​5.055 B
4 Q 2020
Kr​9.277 B
Kr​41.154 B
Kr​14.176 B
3 Q 2020
Kr​9.906 B
Kr​59.347 B
Kr​2.883 B
2 Q 2020
Kr​20.482 B
Kr​46.699 B
Kr​63.231 B
1 Q 2020
Kr​66.078 B
Kr​4.700 B
Kr​25.059 B
4 Q 2019
Kr​19.100 B
Kr​29.500 B
3 Q 2019
Kr​23.900 B
Kr​26.500 B
2 Q 2019
Kr​30.600 B
Kr​73.100 B
1 Q 2019
Kr​67.800 B
Kr​47.300 B
4 Q 2018
Kr​46.800 B
Kr​91.400 B
3 Q 2018
Kr​91.800 B
Kr​79.100 B
2 Q 2018
Kr​80.900 B
Kr​75.100 B
1 Q 2018
Kr​61.000 B
Kr​40.200 B
4 Q 2017
Kr​35.000 B
Kr​21.200 B
3 Q 2017
Kr​17.700 B
Kr​55.000 B
2 Q 2017
Kr​35.800 B
Kr​41.600 B
1 Q 2017
Kr​77.500 B
Kr​61.700 B
4 Q 2016
Kr​59.300 B
Kr​19.000 B
3 Q 2016
Kr​24.900 B
Kr​28.500 B
2 Q 2016
Kr​40.300 B
Kr​42.800 B
1 Q 2016
Kr​54.000 B
Kr​52.900 B
4 Q 2015
Kr​55.000 B
Kr​62.100 B
3 Q 2015
Kr​43.600 B
Kr​71.100 B
2 Q 2015
Kr​71.900 B
Kr​69.400 B
1 Q 2015
Kr​72.600 B
Kr​83.300 B
4 Q 2014
Kr​66.000 B
Kr​44.800 B
3 Q 2014
Kr​52.300 B
Kr​55.300 B
2 Q 2014
Kr​68.800 B

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