Trade Balance in Norway

Norway Trade Balance | Economic News & Forecasts

Norway - Trade Balance

The economy shrank in Q1 2019 in quarterly terms, contrasting the expansion posted in the final quarter of last year. The mainland economy, which excludes petroleum activities and related ocean transport, eked out an expansion, but slowed markedly from the prior quarter nonetheless. Falling fixed investment, which coincided with waning business confidence, was the main culprit for Q1’s poor outturn. The labor market, however, did not feel the chill, as the unemployment rate fell to a near five-year low in March. Turning to Q2, the government announced on 14 May that it would spend slightly more money than previously estimated this year and collect slightly less revenue. This fiscal revision should boost economic growth, although the national wealth fund will pick up the tab.

Norway - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)66.2  55.3  27.5  14.4  21.2  

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Norway Trade Balance Chart

Norway Trade
Note: Trade Balance in USD billion.
Source: Statistics Norway and Met the why particular calculations.

Norway Facts

Bond Yield1.39-0.65 %Jun 14
Exchange Rate8.72-0.38 %Jun 14
Stock Market861-0.08 %Jun 14

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