Norway - Current account balance (% of GDP)

Current account balance (% of GDP) in Norway was 0.72 as of 2020. Its highest value over the past 45 years was 16.18 in 2006, while its lowest value was -12.17 in 1977.

Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1975 -7.54
1976 -10.42
1977 -12.17
1978 -4.55
1979 -1.97
1980 1.67
1981 3.36
1982 1.02
1983 3.17
1984 4.64
1985 4.63
1986 -5.75
1987 -4.35
1988 -3.82
1989 0.22
1990 3.33
1991 4.12
1992 3.42
1993 2.92
1994 2.96
1995 3.44
1996 6.71
1997 6.22
1998 0.00
1999 5.46
2000 14.64
2001 15.83
2002 12.41
2003 12.10
2004 12.48
2005 16.18
2006 16.18
2007 12.40
2008 15.77
2009 11.70
2010 11.72
2011 13.34
2012 12.48
2013 10.22
2014 11.03
2015 8.06
2016 4.00
2017 5.43
2018 8.00
2019 2.94
2020 0.72

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments