Norway - External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Norway was -28,646,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 441,747,000,000 in 2008 and a minimum value of -28,646,000,000 in 2020.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1970 -570,000,000
1971 -2,614,000,000
1972 865,000,000
1973 -499,000,000
1974 -4,033,000,000
1975 -9,938,000,000
1976 -16,391,000,000
1977 -20,110,000,000
1978 882,000,000
1979 6,268,000,000
1980 19,175,000,000
1981 26,293,000,000
1982 20,448,000,000
1983 35,008,000,000
1984 44,288,000,000
1985 40,604,000,000
1986 -19,696,000,000
1987 -14,026,000,000
1988 -3,878,000,000
1989 24,647,000,000
1990 46,862,000,000
1991 61,074,000,000
1992 53,709,000,000
1993 53,611,000,000
1994 53,351,000,000
1995 58,171,000,000
1996 92,434,000,000
1997 91,900,000,000
1998 20,861,000,000
1999 91,139,000,000
2000 253,421,000,000
2001 260,381,000,000
2002 205,054,000,000
2003 205,908,000,000
2004 234,878,000,000
2005 318,229,000,000
2006 375,295,000,000
2007 315,222,000,000
2008 441,747,000,000
2009 277,249,000,000
2010 292,063,000,000
2011 359,545,000,000
2012 389,698,000,000
2013 333,158,000,000
2014 293,020,000,000
2015 178,720,000,000
2016 61,329,000,000
2017 115,390,000,000
2018 203,772,000,000
2019 52,804,000,000
2020 -28,646,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts