External balance on goods and services in Norway
Norway: External balance on goods and services was 645.18 billion current LCU in 2025. ◆ Volatile
External balance on goods and services in Norway, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, external balance on goods and services in Norway stood at 645.18 billion current LCU.
The figure is down 9.0% on the previous year and up 197.0% over ten years.
Over the whole period, external balance on goods and services in Norway peaked at 1.62 trillion current LCU in 2022 and was at its lowest, -24.28 billion current LCU, in 2020.
Norway ranks 22nd of 192 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -4.94 billion current LCU | -20.37 billion current LCU | 5.39 billion current LCU | 10 |
| 1980s | 15.46 billion current LCU | -21.67 billion current LCU | 42.82 billion current LCU | 10 |
| 1990s | 60.23 billion current LCU | 20.64 billion current LCU | 90.64 billion current LCU | 10 |
| 2000s | 298.00 billion current LCU | 207.74 billion current LCU | 465.08 billion current LCU | 10 |
| 2010s | 263.22 billion current LCU | 90.93 billion current LCU | 426.24 billion current LCU | 10 |
| 2020s | 735.38 billion current LCU | -24.28 billion current LCU | 1.62 trillion current LCU | 6 |
Countries ranked near Norway
More economy & growth data for Norway
- External balance on goods and services as a percent of GDP 11.7% (2025)
- Inflation of consumer prices 3.1% (2025)
- GDP per capita 83,813 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 6.1% (2025)
- Gross domestic product (GDP) 470.26 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 83,813 constant 2015 US$ (2025)
- DEC alternative conversion factor 10.4 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -56.92 billion current LCU (2022)
- Net secondary income (Net current transfers from abroad) -5.92 billion current US$ (2022)
- Taxes less subsidies on products 488.47 billion current LCU (2025)
Frequently asked questions
- What is external balance on goods and services in Norway?
- External balance on goods and services in Norway was 645.18 billion current 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 1.62 trillion current LCU in 2022.
- What is the lowest external balance on goods and services recorded in Norway?
- The lowest recorded value was -24.28 billion current LCU in 2020.
- How does Norway rank for external balance on goods and services?
- Norway ranks 22nd out of 192 countries with data for 2025.
- Is external balance on goods and services rising or falling in Norway?
- Over the last ten years it is up 197.0%. 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 (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.