Norway Current Account Balance (% GDP) Statistics

21, Nov 2019, EST.

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Country or Region: Norway › Change country
Economic Indicator: Current Account Balance (% GDP) › See all Norway indicators, › See Current Account Balance (% GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Norwegian Krone
Currency Symbol: NOK

Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).

Current Account Balance (% GDP) Statistics for Norway , Year 2015 - In Detail

Current Account Balance (% GDP) for Norway in year 2015 is 8.996 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

This makes Norway No. 11 in world rankings according to Current Account Balance (% GDP) in year 2015. The world's average Current Account Balance (% GDP) value is -4.12 %; Norway is 13.12 more than the average.

In the previous year, 2014, Current Account Balance (% GDP) for Norway was 11.94 % Current Account Balance (% GDP) for Norway in 2015 was or will be 24.68% less than it was or will be in 2014.

In the following or forecasted year, 2016, Current Account Balance (% GDP) for Norway was or will be 6.45 %, which is 28.26% less than the 2015 figure.

* Source: IMF
Current Account Balance (% GDP) for Norway, in other Years
Year %
  2021 8.269
  2020 8.523
  2019 8.599
  2018 7.782
  2017 7.275
  2016 6.454
2015 8.996
  2014 11.943
  2013 10.232
  2012 12.43
  2011 12.353
  2010 10.915
  2009 10.627
  2008 15.671
  2007 12.232
  2006 16.149
  2005 16.232
  2004 12.38
  2003 12.053
  2002 12.327
  2001 15.821
  2000 14.748
  1999 5.494
  1998 -0.309
  1997 6.159
  1996 6.729
  1995 3.498
  1994 2.939
  1993 2.921
  1992 3.416
  1991 3.596
  1990 2.457
  1989 -0.091
  1988 -3.946
  1987 -4.619
  1986 -5.96
  1985 4.641
  1984 5.283
  1983 3.967
  1982 0.842
  1981 3.412
  1980 1.674