Economic Outlook No 117 — Current account balance, residual item in Norway
Norway: Economic Outlook No 117 — Current account balance, residual item was -43.74 billion in 2026. ◆ Volatile
Economic Outlook No 117 — Current account balance, residual item in Norway, 1975–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
Norway recorded -43.74 billion for economic outlook no 117 — current account balance, residual item in 2026.
That represents a change of down 24.4% over ten years.
Over the whole period, economic outlook no 117 — current account balance, residual item in Norway peaked at 3.97 billion in 1989 and was at its lowest, -104.37 billion, in 2021.
Norway ranks 33rd of 34 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — Current account balance, residual item in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1975 | 320.00 million | — |
| 1976 | 465.85 million | +45.6% |
| 1977 | -27.86 million | -106.0% |
| 1978 | -2.27 billion | +8048.2% |
| 1979 | 526.43 million | -123.2% |
| 1980 | -1.04 billion | -297.2% |
| 1981 | 1.12 billion | -208.3% |
| 1982 | 544.63 million | -51.6% |
| 1983 | 1.27 billion | +133.9% |
| 1984 | 1.37 billion | +7.3% |
| 1985 | 1.54 billion | +12.4% |
| 1986 | 1.75 billion | +13.8% |
| 1987 | 2.17 billion | +24.0% |
| 1988 | 3.59 billion | +65.5% |
| 1989 | 3.97 billion | +10.6% |
| 1990 | 3.23 billion | -18.5% |
| 1991 | 3.08 billion | -4.8% |
| 1992 | 1.12 billion | -63.7% |
| 1993 | 702.45 million | -37.1% |
| 1994 | 1.18 billion | +68.2% |
| 1995 | 1.12 billion | -5.6% |
| 1996 | 1.32 billion | +18.0% |
| 1997 | 2.60 billion | +97.7% |
| 1998 | -226.25 million | -108.7% |
| 1999 | -1.28 billion | +463.6% |
| 2000 | -1.98 billion | +55.2% |
| 2001 | -428.60 million | -78.3% |
| 2002 | -2.26 billion | +426.2% |
| 2003 | -2.35 billion | +4.4% |
| 2004 | -4.62 billion | +96.1% |
| 2005 | -4.07 billion | -11.9% |
| 2006 | -7.09 billion | +74.4% |
| 2007 | -10.25 billion | +44.5% |
| 2008 | -15.62 billion | +52.4% |
| 2009 | -18.84 billion | +20.6% |
| 2010 | -20.39 billion | +8.2% |
| 2011 | -22.57 billion | +10.7% |
| 2012 | -37.96 billion | +68.2% |
| 2013 | -35.42 billion | -6.7% |
| 2014 | -48.89 billion | +38.0% |
| 2015 | -34.72 billion | -29.0% |
| 2016 | -35.17 billion | +1.3% |
| 2017 | -30.19 billion | -14.2% |
| 2018 | -26.17 billion | -13.3% |
| 2019 | -35.62 billion | +36.1% |
| 2020 | -6.70 billion | -81.2% |
| 2021 | -104.37 billion | +1456.7% |
| 2022 | -42.00 billion | -59.8% |
| 2023 | -65.85 billion | +56.8% |
| 2024 | -4.61 billion | -93.0% |
| 2025 | -43.74 billion | +848.2% |
| 2026 | -43.74 billion | -0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -197.07 million | -2.27 billion | 526.43 million | 5 |
| 1980s | 1.63 billion | -1.04 billion | 3.97 billion | 10 |
| 1990s | 1.28 billion | -1.28 billion | 3.23 billion | 10 |
| 2000s | -6.75 billion | -18.84 billion | -428.60 million | 10 |
| 2010s | -32.71 billion | -48.89 billion | -20.39 billion | 10 |
| 2020s | -44.43 billion | -104.37 billion | -4.61 billion | 7 |
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)
- Gross capital formation (constant 2015 US$), annual growth rate -2.84 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1955 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 18,489 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 7.49 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.3368 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 31,859 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 3.99 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 3.5 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is economic outlook no 117 — current account balance, residual item in Norway?
- Economic outlook no 117 — current account balance, residual item in Norway was -43.74 billion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — current account balance, residual item recorded in Norway?
- The highest recorded value was 3.97 billion in 1989.
- What is the lowest economic outlook no 117 — current account balance, residual item recorded in Norway?
- The lowest recorded value was -104.37 billion in 2021.
- How does Norway rank for economic outlook no 117 — current account balance, residual item?
- Norway ranks 33rd out of 34 countries with data for 2026.
- Is economic outlook no 117 — current account balance, residual item rising or falling in Norway?
- Over the last ten years it is down 24.4%. 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 No 117 — Current account balance, residual item. 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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 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