Norway vs Venezuela: External balance on goods and services
External balance on goods and services over time
- Norway
- Venezuela
How they compare
Venezuela currently reports 790.65 billion current LCU against 645.18 billion current LCU in Norway, a difference of 145.47 billion current LCU.
That makes Venezuela's figure about 1.2 times Norway's.
The two have swapped places 8 times across 56 shared years of data; in 1970 it was Venezuela ahead.
Norway ranks 22nd and Venezuela ranks 20th of 192 countries.
Across the 6 decades both report, Norway averaged higher in 5 and Venezuela in 1.
Head to head by decade
| Decade | Norway | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -4.94 billion current LCU | 0 current LCU | 4.94 billion current LCU | Venezuela |
| 1980s | 15.46 billion current LCU | 0.0002 current LCU | 15.46 billion current LCU | Norway |
| 1990s | 60.23 billion current LCU | 0.0004 current LCU | 60.23 billion current LCU | Norway |
| 2000s | 298.00 billion current LCU | 0 current LCU | 298.00 billion current LCU | Norway |
| 2010s | 263.22 billion current LCU | 36.66 million current LCU | 263.18 billion current LCU | Norway |
| 2020s | 735.38 billion current LCU | 237.57 billion current LCU | 497.81 billion current LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Norway or Venezuela?
- Venezuela, at 790.65 billion current LCU against 645.18 billion current LCU in Norway as of 2025.
- What is the difference in external balance on goods and services between Norway and Venezuela?
- 145.47 billion current LCU, with Venezuela ahead.
- How many years of comparable data are there for Norway and Venezuela?
- 56 years are reported by both, from 1970 to 2025.
- How do Norway and Venezuela rank globally for external balance on goods and services?
- Norway ranks 22nd and Venezuela ranks 20th of 192 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.