Norway: Current account, in dollars

* indicates monthly or quarterly data series
 Norway

Current account balance, billion USD

 Latest value 86.37
 Year 2023
 Measure billion U.S. dollars
 Data availability 1975 - 2023
 Average 24.27
 Min - Max -5.05 - 177.15
 Source The World Bank
The latest value from 2023 is 86.37 billion U.S. dollars, a decline from 177.15 billion U.S. dollars in 2022. In comparison, the world average is 3.07 billion U.S. dollars, based on data from 111 countries. Historically, the average for Norway from 1975 to 2023 is 24.27 billion U.S. dollars. The minimum value, -5.05 billion U.S. dollars, was reached in 1977 while the maximum of 177.15 billion U.S. dollars was recorded in 2022. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Norway - Current account, in dollars - Recent values chart

Historical series
Norway - Current account, in dollars - historical chart - 1975-2023




Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 113.43 2021 percent
 Trade openness 79.65 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 47.18 2023 percent
 Exports, billion dollars 229.06 2023 billion U.S. dollars
 Growth of exports 1.45 2023 percent
 Imports, percent of GDP 32.47 2023 percent
 Imports, billion dollars 157.64 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.79 2023 percent
 Foreign Direct Investment, billion dollars 14.38 2022 billion U.S. dollars
 Portfolio investment inflows, equities -3,687.91 2023 million dollars (current)
 Current account, percent of GDP 2.50 2019 percent
 Current account, in dollars 86.37 2023 billion U.S. dollars
 Trade balance, percent of GDP 14.71 2023 percent
 Trade balance, in dollars 71.59 2023 billion U.S. dollars
 Reserves 80.46 2023 billion U.S. dollars
 Remittances, percent of GDP 0.12 2023 percent
 Remittances 599.36 2023 million U.S. dollars
 Net errors and omissions 13,429.98 2023 million USD
 Foreign exchange reserves 953.58 10/2024 billion
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