Contact Contacts
Current account balance — all countries

Current account balance — Norway

Current account balance in Norway in 2031 — 11.2%. Ranked 13 in the world out of 188. Since 1980, the indicator has risen by 9.5 pp.

2031 11.2% −0.5 pp vs 2030
World rank 13of 188
Period maximum 27.8%2022
Period minimum -6.4%1986

Trend over time

1980–2031 · % of GDP

Current account balance — Norway, 1980–2031-10010203019801986199219982004201020162022202820311980: 1.7%1981: 3%1982: 0.5%1983: 3.6%1984: 4.9%1985: 4.3%1986: -6.4%1987: -5.1%1988: -4.4%1989: -0.6%1990: 1.9%1991: 3.1%1992: 3%1993: 2.4%1994: 2.5%1995: 3%1996: 6.3%1997: 5.8%1998: -0.6%1999: 5.2%2000: 14.5%2001: 15.6%2002: 12.3%2003: 12%2004: 12.4%2005: 16.2%2006: 16.3%2007: 12.3%2008: 15.9%2009: 11.1%2010: 11.4%2011: 13%2012: 13.7%2013: 11.3%2014: 11.7%2015: 9.2%2016: 5.3%2017: 5.4%2018: 8.6%2019: 3.6%2020: 1.8%2021: 14.4%2022: 27.8%2023: 17.1%2024: 15%2025: 14.1%2026: 14.3%2027: 13.6%2028: 12.9%2029: 12.3%2030: 11.7%2031: 11.2%
Change over the period: +9.5 pp Annual average: 0.19 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Norway

Norway 11.2%
World computed 0.28%
Europe & Central Asia computed 1.53%
Northern Europe computed 1.51%
High-income countries computed 0.13%
Current account balance — Norway, by year Norway All countries CSV XLSX
Year % Change, pp
2031 11.2 −0.5 pp
2030 11.7 −0.6 pp
2029 12.3 −0.6 pp
2028 12.9 −0.7 pp
2027 13.6 −0.7 pp
2026 14.3 +0.2 pp
2025 14.1 −0.9 pp
2024 15 −2.1 pp
2023 17.1 −10.7 pp
2022 27.8 +13.4 pp
2021 14.4 +12.6 pp
2020 1.8 −1.8 pp
2019 3.6 −5 pp
2018 8.6 +3.2 pp
2017 5.4 +0.1 pp
2016 5.3 −3.9 pp
2015 9.2 −2.5 pp
2014 11.7 +0.4 pp
2013 11.3 −2.4 pp
2012 13.7 +0.7 pp
2011 13 +1.6 pp
2010 11.4 +0.3 pp
2009 11.1 −4.8 pp
2008 15.9 +3.6 pp
2007 12.3 −4 pp
2006 16.3 +0.1 pp
2005 16.2 +3.8 pp
2004 12.4 +0.4 pp
2003 12 −0.3 pp
2002 12.3 −3.3 pp
2001 15.6 +1.1 pp
2000 14.5 +9.3 pp
1999 5.2 +5.8 pp
1998 -0.6 −6.4 pp
1997 5.8 −0.5 pp
1996 6.3 +3.3 pp
1995 3 +0.5 pp
1994 2.5 +0.1 pp
1993 2.4 −0.6 pp
1992 3 −0.1 pp
1991 3.1 +1.2 pp
1990 1.9 +2.5 pp
1989 -0.6 +3.8 pp
1988 -4.4 +0.7 pp
1987 -5.1 +1.3 pp
1986 -6.4 −10.7 pp
1985 4.3 −0.6 pp
1984 4.9 +1.3 pp
1983 3.6 +3.1 pp
1982 0.5 −2.5 pp
1981 3 +1.3 pp
1980 1.7 —

Northern Europe, 2031

The same indicator for neighboring countries — with links to their pages

DK Denmark 11.2 NO Norway 11.2 IE Ireland 7.7 SE Sweden 4.8 LT Lithuania 1.7 FI Finland 1.1 IS Iceland 0.5 EE Estonia -1.4 GB United Kingdom -2.2 LV Latvia -3.6
Full table for all countries

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

Source: World Economic Outlook (IMF), license IMF open data.

Other indicators for Norway

Finance Current account balance in US dollars

How much more a country receives from abroad than it pays out there. A minus means it pays more.

Norway by year Finance Current account balance (World Bank)

The current account balance as a percent of GDP from World Bank data.

Norway by year Trade Trade openness

Exports plus imports as a percent of GDP — total foreign trade turnover.

Norway by year Finance International reserves

The gold and foreign exchange reserves of a country in US dollars.

Norway by year
All indicators for Norway