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$, in 1977.
That places Norway 8th out of 200 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Norway, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1975 | -2.48 billion BoP, current US$ | — |
| 1976 | -3.75 billion BoP, current US$ | +51.2% |
| 1977 | -5.05 billion BoP, current US$ | +34.9% |
| 1978 | -2.12 billion BoP, current US$ | -58.1% |
| 1979 | -1.05 billion BoP, current US$ | -50.5% |
| 1980 | 1.08 billion BoP, current US$ | -203.0% |
| 1981 | 2.14 billion BoP, current US$ | +98.1% |
| 1982 | 638.77 million BoP, current US$ | -70.1% |
| 1983 | 1.96 billion BoP, current US$ | +206.3% |
| 1984 | 2.88 billion BoP, current US$ | +47.3% |
| 1985 | 3.03 billion BoP, current US$ | +5.2% |
| 1986 | -4.52 billion BoP, current US$ | -249.2% |
| 1987 | -4.10 billion BoP, current US$ | -9.3% |
| 1988 | -3.89 billion BoP, current US$ | -5.1% |
| 1989 | 223.96 million BoP, current US$ | -105.8% |
| 1990 | 3.99 billion BoP, current US$ | +1679.5% |
| 1991 | 5.03 billion BoP, current US$ | +26.1% |
| 1992 | 4.47 billion BoP, current US$ | -11.1% |
| 1993 | 3.52 billion BoP, current US$ | -21.2% |
| 1994 | 3.76 billion BoP, current US$ | +6.8% |
| 1995 | 5.23 billion BoP, current US$ | +39.2% |
| 1996 | 10.97 billion BoP, current US$ | +109.6% |
| 1997 | 10.04 billion BoP, current US$ | -8.5% |
| 1998 | 6.11 million BoP, current US$ | -99.9% |
| 1999 | 8.86 billion BoP, current US$ | +144922.6% |
| 2000 | 25.08 billion BoP, current US$ | +183.1% |
| 2001 | 27.55 billion BoP, current US$ | +9.8% |
| 2002 | 24.27 billion BoP, current US$ | -11.9% |
| 2003 | 27.70 billion BoP, current US$ | +14.1% |
| 2004 | 33.00 billion BoP, current US$ | +19.1% |
| 2005 | 49.97 billion BoP, current US$ | +51.4% |
| 2006 | 55.91 billion BoP, current US$ | +11.9% |
| 2007 | 49.73 billion BoP, current US$ | -11.1% |
| 2008 | 72.92 billion BoP, current US$ | +46.6% |
| 2009 | 45.17 billion BoP, current US$ | -38.1% |
| 2010 | 50.26 billion BoP, current US$ | +11.3% |
| 2011 | 66.45 billion BoP, current US$ | +32.2% |
| 2012 | 63.50 billion BoP, current US$ | -4.4% |
| 2013 | 53.45 billion BoP, current US$ | -15.8% |
| 2014 | 54.96 billion BoP, current US$ | +2.8% |
| 2015 | 31.11 billion BoP, current US$ | -43.4% |
| 2016 | 14.77 billion BoP, current US$ | -52.5% |
| 2017 | 21.65 billion BoP, current US$ | +46.6% |
| 2018 | 34.96 billion BoP, current US$ | +61.5% |
| 2019 | 11.92 billion BoP, current US$ | -65.9% |
| 2020 | 4.21 billion BoP, current US$ | -64.7% |
| 2021 | 74.50 billion BoP, current US$ | +1668.9% |
| 2022 | 172.02 billion BoP, current US$ | +130.9% |
| 2023 | 86.23 billion BoP, current US$ | -49.9% |
| 2024 | 75.34 billion BoP, current US$ | -12.6% |
| 2025 | 74.13 billion BoP, current US$ | -1.6% |
Norway compared with similar countries
- Norway's 74.13 billion BoP, current US$ is above the median for high income countries, which is 303.23 million BoP, current US$, 244.5× the median. (72 countries reporting)
- Norway's 74.13 billion BoP, current US$ is above the median for Europe & Central Asia, which is -814.98 million BoP, current US$. (51 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +144922.6% | 6.11 million BoP, current US$ | 8.86 billion BoP, current US$ |
| 1990 | +1679.5% | 223.96 million BoP, current US$ | 3.99 billion BoP, current US$ |
| 2021 | +1668.9% | 4.21 billion BoP, current US$ | 74.50 billion BoP, current US$ |
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
- 6 Ireland 105.99 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
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7416 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.11 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 198.35 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.82 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -164.45 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -1,394 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Norway?
- Current account balance in Norway was 74.13 billion BoP, current US$ 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 200 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.