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

The value for External balance on goods and services (constant LCU) in Norway was 213,708,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 530,522,000,000 in 2001 and a minimum value of -2,984,000,000 in 1971.

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 constant local currency.

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

Year Value
1970 7,988,000,000
1971 -2,984,000,000
1972 29,366,000,000
1973 14,880,000,000
1974 5,720,000,000
1975 4,859,000,000
1976 3,313,000,000
1977 4,709,000,000
1978 89,171,000,000
1979 95,327,000,000
1980 105,120,000,000
1981 107,600,000,000
1982 93,285,000,000
1983 130,322,000,000
1984 146,739,000,000
1985 152,279,000,000
1986 123,655,000,000
1987 153,478,000,000
1988 193,798,000,000
1989 245,230,000,000
1990 287,579,000,000
1991 325,320,000,000
1992 352,301,000,000
1993 357,207,000,000
1994 397,460,000,000
1995 413,921,000,000
1996 460,804,000,000
1997 474,359,000,000
1998 434,577,000,000
1999 472,370,000,000
2000 493,959,000,000
2001 530,522,000,000
2002 521,603,000,000
2003 512,998,000,000
2004 470,144,000,000
2005 423,192,000,000
2006 349,645,000,000
2007 287,366,000,000
2008 261,608,000,000
2009 305,492,000,000
2010 245,226,000,000
2011 202,550,000,000
2012 195,929,000,000
2013 130,786,000,000
2014 148,705,000,000
2015 178,720,000,000
2016 164,597,000,000
2017 165,560,000,000
2018 136,196,000,000
2019 95,797,000,000
2020 213,708,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts