Norway - External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Norway was -0.84 as of 2020. Its highest value over the past 50 years was 16.94 in 2008, while its lowest value was -9.10 in 1977.
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).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | -0.62 |
| 1971 | -2.54 |
| 1972 | 0.76 |
| 1973 | -0.38 |
| 1974 | -2.68 |
| 1975 | -5.78 |
| 1976 | -8.36 |
| 1977 | -9.10 |
| 1978 | 0.36 |
| 1979 | 2.33 |
| 1980 | 6.02 |
| 1981 | 7.20 |
| 1982 | 5.06 |
| 1983 | 7.79 |
| 1984 | 8.74 |
| 1985 | 7.22 |
| 1986 | -3.38 |
| 1987 | -2.21 |
| 1988 | -0.58 |
| 1989 | 3.48 |
| 1990 | 6.25 |
| 1991 | 7.73 |
| 1992 | 6.61 |
| 1993 | 6.27 |
| 1994 | 5.95 |
| 1995 | 6.04 |
| 1996 | 8.76 |
| 1997 | 8.05 |
| 1998 | 1.79 |
| 1999 | 7.20 |
| 2000 | 16.81 |
| 2001 | 16.65 |
| 2002 | 13.14 |
| 2003 | 12.71 |
| 2004 | 13.17 |
| 2005 | 15.99 |
| 2006 | 16.93 |
| 2007 | 13.41 |
| 2008 | 16.94 |
| 2009 | 11.42 |
| 2010 | 11.27 |
| 2011 | 12.87 |
| 2012 | 13.15 |
| 2013 | 10.85 |
| 2014 | 9.33 |
| 2015 | 5.74 |
| 2016 | 1.98 |
| 2017 | 3.50 |
| 2018 | 5.73 |
| 2019 | 1.48 |
| 2020 | -0.84 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
