Current account balance in Norway
Norway: Current account balance was 74.13 billion BoP, current US$ in 2025. ◆ Volatile
Current account balance in Norway, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, current account balance in Norway stood at 74.13 billion BoP, current US$.
The figure is down 1.6% on the previous year and up 138.3% over ten years.
Over the whole period, current account balance in Norway peaked at 172.02 billion BoP, current US$ in 2022 and was at its lowest, -5.05 billion BoP, current US$, in 1977.
That places Norway 8th out of 198 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -2.89 billion BoP, current US$ | -5.05 billion BoP, current US$ | -1.05 billion BoP, current US$ | 5 |
| 1980s | -56.22 million BoP, current US$ | -4.52 billion BoP, current US$ | 3.03 billion BoP, current US$ | 10 |
| 1990s | 5.59 billion BoP, current US$ | 6.11 million BoP, current US$ | 10.97 billion BoP, current US$ | 10 |
| 2000s | 41.13 billion BoP, current US$ | 24.27 billion BoP, current US$ | 72.92 billion BoP, current US$ | 10 |
| 2010s | 40.30 billion BoP, current US$ | 11.92 billion BoP, current US$ | 66.45 billion BoP, current US$ | 10 |
| 2020s | 81.07 billion BoP, current US$ | 4.21 billion BoP, current US$ | 172.02 billion BoP, current US$ | 6 |
Countries ranked near Norway
- 5 Netherlands 110.92 billion BoP, current US$ compare
- 7 Singapore 100.93 billion BoP, current US$ compare
- 9 Switzerland 72.88 billion BoP, current US$ compare
- 10 Spain 56.02 billion BoP, current US$ compare
- 11 Hong Kong 54.47 billion BoP, current US$ compare
More economy & growth data for Norway
- External balance on goods and services as a percent of GDP 11.7% (2025)
- Inflation of consumer prices 3.1% (2025)
- GDP per capita 83,813 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 6.1% (2025)
- Gross domestic product (GDP) 470.26 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 83,813 constant 2015 US$ (2025)
- DEC alternative conversion factor 10.4 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -56.92 billion current LCU (2022)
- Net secondary income (Net current transfers from abroad) -5.92 billion current US$ (2022)
- Taxes less subsidies on products 488.47 billion current LCU (2025)
Frequently asked questions
- What is current account balance in Norway?
- Current account balance in Norway was 74.13 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Norway?
- The highest recorded value was 172.02 billion BoP, current US$ in 2022.
- What is the lowest current account balance recorded in Norway?
- The lowest recorded value was -5.05 billion BoP, current US$ in 1977.
- How does Norway rank for current account balance?
- Norway ranks 8th out of 198 countries with data for 2025.
- Is current account balance rising or falling in Norway?
- Over the last ten years it is up 138.3%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.