External balance on goods and services in Norway
Norway: External balance on goods and services was 645.18 billion current LCU in 2025. ◆ Volatile
Latest (2025)
645.18 billion current LCU
Change on year
down 9.0%
World rank
22nd
of 193 countries
All-time high
1.62 trillion current LCU
in 2022
All-time low
-24.28 billion current LCU
in 2020
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 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 193 countries on this measure, in the top quarter.
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 | current LCU | Change |
|---|---|---|
| 1970 | -664.00 million current LCU | — |
| 1971 | -2.74 billion current LCU | +312.2% |
| 1972 | 732.00 million current LCU | -126.7% |
| 1973 | -683.00 million current LCU | -193.3% |
| 1974 | -4.28 billion current LCU | +527.2% |
| 1975 | -10.20 billion current LCU | +138.0% |
| 1976 | -16.65 billion current LCU | +63.2% |
| 1977 | -20.37 billion current LCU | +22.4% |
| 1978 | 87.00 million current LCU | -100.4% |
| 1979 | 5.39 billion current LCU | +6090.8% |
| 1980 | 18.00 billion current LCU | +234.3% |
| 1981 | 25.12 billion current LCU | +39.6% |
| 1982 | 19.32 billion current LCU | -23.1% |
| 1983 | 33.69 billion current LCU | +74.4% |
| 1984 | 42.82 billion current LCU | +27.1% |
| 1985 | 38.80 billion current LCU | -9.4% |
| 1986 | -21.67 billion current LCU | -155.9% |
| 1987 | -16.38 billion current LCU | -24.4% |
| 1988 | -6.70 billion current LCU | -59.1% |
| 1989 | 21.61 billion current LCU | -422.6% |
| 1990 | 44.09 billion current LCU | +104.0% |
| 1991 | 58.60 billion current LCU | +32.9% |
| 1992 | 51.46 billion current LCU | -12.2% |
| 1993 | 51.41 billion current LCU | -0.1% |
| 1994 | 50.99 billion current LCU | -0.8% |
| 1995 | 55.55 billion current LCU | +8.9% |
| 1996 | 89.67 billion current LCU | +61.4% |
| 1997 | 89.30 billion current LCU | -0.4% |
| 1998 | 20.64 billion current LCU | -76.9% |
| 1999 | 90.64 billion current LCU | +339.3% |
| 2000 | 253.63 billion current LCU | +179.8% |
| 2001 | 261.49 billion current LCU | +3.1% |
| 2002 | 207.74 billion current LCU | -20.6% |
| 2003 | 209.38 billion current LCU | +0.8% |
| 2004 | 239.88 billion current LCU | +14.6% |
| 2005 | 325.74 billion current LCU | +35.8% |
| 2006 | 385.34 billion current LCU | +18.3% |
| 2007 | 330.37 billion current LCU | -14.3% |
| 2008 | 465.08 billion current LCU | +40.8% |
| 2009 | 301.33 billion current LCU | -35.2% |
| 2010 | 320.19 billion current LCU | +6.3% |
| 2011 | 393.69 billion current LCU | +23.0% |
| 2012 | 426.24 billion current LCU | +8.3% |
| 2013 | 369.61 billion current LCU | -13.3% |
| 2014 | 332.92 billion current LCU | -9.9% |
| 2015 | 217.26 billion current LCU | -34.7% |
| 2016 | 90.93 billion current LCU | -58.1% |
| 2017 | 150.06 billion current LCU | +65.0% |
| 2018 | 237.62 billion current LCU | +58.4% |
| 2019 | 93.70 billion current LCU | -60.6% |
| 2020 | -24.28 billion current LCU | -125.9% |
| 2021 | 648.02 billion current LCU | -2768.9% |
| 2022 | 1.62 trillion current LCU | +149.5% |
| 2023 | 817.41 billion current LCU | -49.4% |
| 2024 | 709.37 billion current LCU | -13.2% |
| 2025 | 645.18 billion current LCU | -9.0% |
Norway compared with similar countries
- Norway's 645.18 billion current LCU is above the median for high income countries, which is 3.18 billion current LCU, 202.9× the median. (72 countries reporting)
- Norway's 645.18 billion current LCU is above the median for Europe & Central Asia, which is 96.00 million current LCU, 6720.8× the median. (52 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services 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 |
|---|---|---|---|
| 1979 | +6090.8% | 87.00 million current LCU | 5.39 billion current LCU |
| 2021 | +2768.9% | -24.28 billion current LCU | 648.02 billion current LCU |
| 1974 | -527.2% | -683.00 million current LCU | -4.28 billion current LCU |
| 1989 | +422.6% | -6.70 billion current LCU | 21.61 billion current LCU |
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.11 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 198.35 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.82 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -164.45 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -1,394 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 5.24 % change on previous year (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 193 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.
Download this data
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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.