Current account balance in Norway
Norway: Current account balance was 14.0% 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 % of GDP.
Analysis
Norway recorded 14.0% for current account balance in 2025.
Compared with earlier readings it is down 7.1% on the previous year and up 79.9% over ten years.
Over the whole period, current account balance in Norway peaked at 27.9% in 2022 and was at its lowest, -12.2%, in 1977.
That places Norway 15th out of 199 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 | % of GDP | Change |
|---|---|---|
| 1975 | -7.6% | — |
| 1976 | -10.5% | +38.2% |
| 1977 | -12.2% | +16.8% |
| 1978 | -4.6% | -62.6% |
| 1979 | -2.0% | -56.7% |
| 1980 | 1.7% | -184.9% |
| 1981 | 3.4% | +100.5% |
| 1982 | 1.0% | -69.7% |
| 1983 | 3.2% | +211.4% |
| 1984 | 4.7% | +46.2% |
| 1985 | 4.6% | -0.2% |
| 1986 | -5.8% | -224.0% |
| 1987 | -4.4% | -24.3% |
| 1988 | -3.8% | -12.2% |
| 1989 | 0.2% | -105.7% |
| 1990 | 3.3% | +1424.3% |
| 1991 | 4.1% | +24.3% |
| 1992 | 3.4% | -17.1% |
| 1993 | 2.9% | -14.5% |
| 1994 | 3.0% | +1.3% |
| 1995 | 3.5% | +16.4% |
| 1996 | 6.8% | +95.0% |
| 1997 | 6.3% | -7.1% |
| 1998 | 0.0% | -99.9% |
| 1999 | 5.5% | +137416.5% |
| 2000 | 14.7% | +167.6% |
| 2001 | 15.9% | +8.0% |
| 2002 | 12.4% | -21.7% |
| 2003 | 12.1% | -2.7% |
| 2004 | 12.4% | +2.8% |
| 2005 | 16.0% | +29.2% |
| 2006 | 16.0% | -0.4% |
| 2007 | 12.2% | -23.7% |
| 2008 | 15.4% | +26.7% |
| 2009 | 11.4% | -26.1% |
| 2010 | 11.4% | +0.0% |
| 2011 | 13.0% | +13.5% |
| 2012 | 12.1% | -6.7% |
| 2013 | 9.9% | -18.2% |
| 2014 | 10.7% | +7.7% |
| 2015 | 7.8% | -27.1% |
| 2016 | 3.9% | -50.4% |
| 2017 | 5.2% | +35.2% |
| 2018 | 7.7% | +47.7% |
| 2019 | 2.8% | -63.5% |
| 2020 | 1.1% | -60.8% |
| 2021 | 14.3% | +1196.4% |
| 2022 | 27.9% | +95.1% |
| 2023 | 17.2% | -38.4% |
| 2024 | 15.0% | -12.4% |
| 2025 | 14.0% | -7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -7.4% | -12.2% | -2.0% | 5 |
| 1980s | 0.5% | -5.8% | 4.7% | 10 |
| 1990s | 3.9% | 0.0% | 6.8% | 10 |
| 2000s | 13.9% | 11.4% | 16.0% | 10 |
| 2010s | 8.4% | 2.8% | 13.0% | 10 |
| 2020s | 14.9% | 1.1% | 27.9% | 6 |
Countries ranked near Norway
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)
- Manufacturing, value added (constant LCU), per capita 46,282 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 1.51 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.3446 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 32,594 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual -1.8 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 3.58 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 338,840 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 0.0198 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Norway?
- Current account balance in Norway was 14.0% 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 27.9% in 2022.
- What is the lowest current account balance recorded in Norway?
- The lowest recorded value was -12.2% in 1977.
- How does Norway rank for current account balance?
- Norway ranks 15th out of 199 countries with data for 2025.
- Is current account balance rising or falling in Norway?
- Over the last ten years it is up 79.9%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.