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.
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.
