External balance on goods and services in Norway
Norway: External balance on goods and services was -50.34 billion constant LCU in 2025. ◆ Volatile
Latest (2025)
-50.34 billion constant LCU
Change on year
down 8.0%
World rank
103rd
of 161 countries
All-time high
376.57 billion constant LCU
in 2001
All-time low
-122.85 billion constant LCU
in 2019
Years of data
56
1970–2025
External balance on goods and services in Norway, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Norway recorded -50.34 billion constant LCU for external balance on goods and services in 2025.
That represents a change of down 8.0% on the previous year and down 90.9% over ten years.
Over the whole period, external balance on goods and services in Norway peaked at 376.57 billion constant LCU in 2001 and was at its lowest, -122.85 billion constant LCU, in 2019.
That places Norway 103rd out of 161 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Norway, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | -39.39 billion constant LCU | — |
| 1971 | -52.76 billion constant LCU | +33.9% |
| 1972 | -21.55 billion constant LCU | -59.2% |
| 1973 | -43.18 billion constant LCU | +100.3% |
| 1974 | -53.94 billion constant LCU | +24.9% |
| 1975 | -56.82 billion constant LCU | +5.4% |
| 1976 | -66.32 billion constant LCU | +16.7% |
| 1977 | -66.74 billion constant LCU | +0.6% |
| 1978 | 22.14 billion constant LCU | -133.2% |
| 1979 | 27.66 billion constant LCU | +25.0% |
| 1980 | 34.80 billion constant LCU | +25.8% |
| 1981 | 36.24 billion constant LCU | +4.1% |
| 1982 | 19.41 billion constant LCU | -46.4% |
| 1983 | 56.41 billion constant LCU | +190.6% |
| 1984 | 68.38 billion constant LCU | +21.2% |
| 1985 | 67.35 billion constant LCU | -1.5% |
| 1986 | 30.89 billion constant LCU | -54.1% |
| 1987 | 63.73 billion constant LCU | +106.3% |
| 1988 | 103.86 billion constant LCU | +63.0% |
| 1989 | 151.30 billion constant LCU | +45.7% |
| 1990 | 186.73 billion constant LCU | +23.4% |
| 1991 | 222.46 billion constant LCU | +19.1% |
| 1992 | 245.57 billion constant LCU | +10.4% |
| 1993 | 245.41 billion constant LCU | -0.1% |
| 1994 | 278.89 billion constant LCU | +13.6% |
| 1995 | 293.17 billion constant LCU | +5.1% |
| 1996 | 329.08 billion constant LCU | +12.2% |
| 1997 | 329.02 billion constant LCU | -0.0% |
| 1998 | 285.54 billion constant LCU | -13.2% |
| 1999 | 323.85 billion constant LCU | +13.4% |
| 2000 | 343.73 billion constant LCU | +6.1% |
| 2001 | 376.57 billion constant LCU | +9.6% |
| 2002 | 367.90 billion constant LCU | -2.3% |
| 2003 | 359.30 billion constant LCU | -2.3% |
| 2004 | 309.34 billion constant LCU | -13.9% |
| 2005 | 256.68 billion constant LCU | -17.0% |
| 2006 | 179.22 billion constant LCU | -30.2% |
| 2007 | 105.23 billion constant LCU | -41.3% |
| 2008 | 75.70 billion constant LCU | -28.1% |
| 2009 | 131.92 billion constant LCU | +74.3% |
| 2010 | 63.50 billion constant LCU | -51.9% |
| 2011 | 20.48 billion constant LCU | -67.8% |
| 2012 | 8.62 billion constant LCU | -57.9% |
| 2013 | -62.81 billion constant LCU | -828.7% |
| 2014 | -47.13 billion constant LCU | -25.0% |
| 2015 | -26.37 billion constant LCU | -44.1% |
| 2016 | -45.38 billion constant LCU | +72.1% |
| 2017 | -49.14 billion constant LCU | +8.3% |
| 2018 | -81.77 billion constant LCU | +66.4% |
| 2019 | -122.85 billion constant LCU | +50.2% |
| 2020 | -24.28 billion constant LCU | -80.2% |
| 2021 | 21.16 billion constant LCU | -187.1% |
| 2022 | -81.38 billion constant LCU | -484.7% |
| 2023 | -53.77 billion constant LCU | -33.9% |
| 2024 | -46.61 billion constant LCU | -13.3% |
| 2025 | -50.34 billion constant LCU | +8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -35.09 billion constant LCU | -66.74 billion constant LCU | 27.66 billion constant LCU | 10 |
| 1980s | 63.24 billion constant LCU | 19.41 billion constant LCU | 151.30 billion constant LCU | 10 |
| 1990s | 273.97 billion constant LCU | 186.73 billion constant LCU | 329.08 billion constant LCU | 10 |
| 2000s | 250.56 billion constant LCU | 75.70 billion constant LCU | 376.57 billion constant LCU | 10 |
| 2010s | -34.29 billion constant LCU | -122.85 billion constant LCU | 63.50 billion constant LCU | 10 |
| 2020s | -39.20 billion constant LCU | -81.38 billion constant LCU | 21.16 billion constant LCU | 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)
- Net primary income (Net income from abroad) (current LCU), annual 63.58 % change on previous year (2022)
- Taxes less subsidies on products (current US$), annual growth rate 6.46 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0885 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 8,374 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 2.99 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.9203 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 87,058 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0724 (2025)
Frequently asked questions
- What is external balance on goods and services in Norway?
- External balance on goods and services in Norway was -50.34 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Norway?
- The highest recorded value was 376.57 billion constant LCU in 2001.
- What is the lowest external balance on goods and services recorded in Norway?
- The lowest recorded value was -122.85 billion constant LCU in 2019.
- How does Norway rank for external balance on goods and services?
- Norway ranks 103rd out of 161 countries with data for 2025.
- Is external balance on goods and services rising or falling in Norway?
- Over the last ten years it is down 90.9%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.