Current Account in Norway

Norway Current Account (USD bn) | Economic News & Forecasts

Norway - Current Account (billions of U.S. Dollars)

Quarter-on-quarter economic growth appears to have decelerated in the first quarter of this year. New GDP estimates show both the total economy and mainland economy—which excludes hydrocarbon extraction activity and related transport—shrank in February from the previous month. This comes after modest growth for both economic groupings in January. Weighing on the economy was a wobbly industrial sector: Industrial output declined month-on-month in February for the fourth consecutive month. In addition, customs data reveals the merchandise trade deficit widened in Q1 over the previous quarter. More positively, the unemployment rate remained low in January, meaning household incomes likely continued to benefit from a tight labor market in Q1.

Norway - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)53.7  53.0  31.4  14.0  21.8  

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Norway Current Account (USD bn) Chart

Norway Current Account
Note: Current account balance as % of GDP.
Source: Statistics Norway and Met the why particular calculations.

Norway Facts

Bond Yield1.65-0.65 %May 13
Exchange Rate8.77-0.38 %May 13
Stock Market861-0.08 %May 13

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