Economic Outlook 119 — Current account balance in USD in Norway
Norway: Economic Outlook 119 — Current account balance in USD was 77.34 billion in 2027. ◆ Volatile
Economic Outlook 119 — Current account balance in USD in Norway, 1975–2027
Source: Organisation for Economic Co-operation and Development.
Analysis
Norway recorded 77.34 billion for economic outlook 119 — current account balance in usd in 2027.
Compared with earlier readings it is down 28.3% on the previous year and up 254.9% over ten years.
Over the whole period, economic outlook 119 — current account balance in usd in Norway peaked at 174.24 billion in 2022 and was at its lowest, -5.10 billion, in 1977.
Norway ranks 4th of 41 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook 119 — Current account balance in USD in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1975 | -2.49 billion | — |
| 1976 | -3.76 billion | +51.1% |
| 1977 | -5.10 billion | +35.6% |
| 1978 | -2.19 billion | -57.0% |
| 1979 | -1.15 billion | -47.7% |
| 1980 | 955.21 million | -183.3% |
| 1981 | 2.18 billion | +128.4% |
| 1982 | 550.97 million | -74.7% |
| 1983 | 2.42 billion | +339.8% |
| 1984 | 3.28 billion | +35.4% |
| 1985 | 3.04 billion | -7.3% |
| 1986 | -4.68 billion | -253.9% |
| 1987 | -4.34 billion | -7.2% |
| 1988 | -4.02 billion | -7.5% |
| 1989 | -92.90 million | -97.7% |
| 1990 | 3.07 billion | -3403.3% |
| 1991 | 4.36 billion | +42.0% |
| 1992 | 4.44 billion | +1.9% |
| 1993 | 3.55 billion | -20.0% |
| 1994 | 3.82 billion | +7.6% |
| 1995 | 5.38 billion | +40.8% |
| 1996 | 11.00 billion | +104.5% |
| 1997 | 10.06 billion | -8.6% |
| 1998 | -455.57 million | -104.5% |
| 1999 | 8.82 billion | -2036.5% |
| 2000 | 25.11 billion | +184.7% |
| 2001 | 27.64 billion | +10.0% |
| 2002 | 24.25 billion | -12.3% |
| 2003 | 27.60 billion | +13.9% |
| 2004 | 32.88 billion | +19.1% |
| 2005 | 51.00 billion | +55.1% |
| 2006 | 56.99 billion | +11.7% |
| 2007 | 50.73 billion | -11.0% |
| 2008 | 74.48 billion | +46.8% |
| 2009 | 43.05 billion | -42.2% |
| 2010 | 47.05 billion | +9.3% |
| 2011 | 63.10 billion | +34.1% |
| 2012 | 64.81 billion | +2.7% |
| 2013 | 54.00 billion | -16.7% |
| 2014 | 55.83 billion | +3.4% |
| 2015 | 31.31 billion | -43.9% |
| 2016 | 14.95 billion | -52.3% |
| 2017 | 21.79 billion | +45.8% |
| 2018 | 34.89 billion | +60.1% |
| 2019 | 11.29 billion | -67.6% |
| 2020 | 4.19 billion | -62.9% |
| 2021 | 66.26 billion | +1483.1% |
| 2022 | 174.24 billion | +163.0% |
| 2023 | 85.41 billion | -51.0% |
| 2024 | 75.18 billion | -12.0% |
| 2025 | 73.08 billion | -2.8% |
| 2026 | 107.87 billion | +47.6% |
| 2027 | 77.34 billion | -28.3% |
Norway compared with similar countries
- Norway's 77.34 billion is above the median for high income countries, which is 1.48 billion, 52.3× the median. (30 countries reporting)
- Norway's 77.34 billion is above the median for Europe & Central Asia, which is 4.14 billion, 18.7× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Economic Outlook 119 — Current account balance in USD 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 |
|---|---|---|---|
| 1990 | +3403.3% | -92.90 million | 3.07 billion |
| 1999 | +2036.5% | -455.57 million | 8.82 billion |
| 2021 | +1483.1% | 4.19 billion | 66.26 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -2.94 billion | -5.10 billion | -1.15 billion | 5 |
| 1980s | -70.28 million | -4.68 billion | 3.28 billion | 10 |
| 1990s | 5.40 billion | -455.57 million | 11.00 billion | 10 |
| 2000s | 41.37 billion | 24.25 billion | 74.48 billion | 10 |
| 2010s | 39.90 billion | 11.29 billion | 64.81 billion | 10 |
| 2020s | 82.94 billion | 4.19 billion | 174.24 billion | 8 |
Countries ranked near Norway
More economy & growth data for Norway
- Real gdp growth, annual growth rate -23.81 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0142 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,340 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4463 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 978.78 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.99 % change on previous year (2025)
Frequently asked questions
- What is economic outlook 119 — current account balance in usd in Norway?
- Economic outlook 119 — current account balance in usd in Norway was 77.34 billion in 2027, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook 119 — current account balance in usd recorded in Norway?
- The highest recorded value was 174.24 billion in 2022.
- What is the lowest economic outlook 119 — current account balance in usd recorded in Norway?
- The lowest recorded value was -5.10 billion in 1977.
- How does Norway rank for economic outlook 119 — current account balance in usd?
- Norway ranks 4th out of 41 countries with data for 2027.
- Is economic outlook 119 — current account balance in usd rising or falling in Norway?
- Over the last ten years it is up 254.9%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook 119 — Current account balance in USD. Statizoid updates them automatically from the source API.
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2026), OECD Economic Outlook No 119 (Edition 2026/1) EO119 Database documentation EO119 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP