External balance on goods and services in Norway
Norway: External balance on goods and services was 62.06 billion current US$ in 2025. ◆ Volatile
Latest (2025)
62.06 billion current US$
Change on year
down 6.0%
World rank
12th
of 193 countries
All-time high
168.14 billion current US$
in 2022
All-time low
-3.83 billion current US$
in 1977
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 US$.
Analysis
In 2025, external balance on goods and services in Norway stood at 62.06 billion current US$.
That represents a change of down 6.0% on the previous year and up 130.4% over ten years.
Over the whole period, external balance on goods and services in Norway peaked at 168.14 billion current US$ in 2022 and was at its lowest, -3.83 billion current US$, in 1977.
Norway ranks 12th of 193 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Norway, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | -92.96 million current US$ | — |
| 1971 | -387.90 million current US$ | +317.3% |
| 1972 | 111.11 million current US$ | -128.6% |
| 1973 | -118.46 million current US$ | -206.6% |
| 1974 | -773.33 million current US$ | +552.8% |
| 1975 | -1.95 billion current US$ | +152.3% |
| 1976 | -3.05 billion current US$ | +56.4% |
| 1977 | -3.83 billion current US$ | +25.4% |
| 1978 | 16.60 million current US$ | -100.4% |
| 1979 | 1.06 billion current US$ | +6308.7% |
| 1980 | 3.65 billion current US$ | +242.7% |
| 1981 | 4.38 billion current US$ | +20.1% |
| 1982 | 2.99 billion current US$ | -31.6% |
| 1983 | 4.62 billion current US$ | +54.3% |
| 1984 | 5.25 billion current US$ | +13.6% |
| 1985 | 4.51 billion current US$ | -14.0% |
| 1986 | -2.93 billion current US$ | -164.9% |
| 1987 | -2.43 billion current US$ | -17.0% |
| 1988 | -1.03 billion current US$ | -57.7% |
| 1989 | 3.13 billion current US$ | -404.5% |
| 1990 | 7.04 billion current US$ | +125.0% |
| 1991 | 9.04 billion current US$ | +28.3% |
| 1992 | 8.28 billion current US$ | -8.4% |
| 1993 | 7.25 billion current US$ | -12.5% |
| 1994 | 7.23 billion current US$ | -0.3% |
| 1995 | 8.77 billion current US$ | +21.4% |
| 1996 | 13.90 billion current US$ | +58.5% |
| 1997 | 12.62 billion current US$ | -9.2% |
| 1998 | 2.74 billion current US$ | -78.3% |
| 1999 | 11.62 billion current US$ | +324.9% |
| 2000 | 28.82 billion current US$ | +147.9% |
| 2001 | 29.08 billion current US$ | +0.9% |
| 2002 | 26.02 billion current US$ | -10.5% |
| 2003 | 29.57 billion current US$ | +13.6% |
| 2004 | 35.59 billion current US$ | +20.3% |
| 2005 | 50.56 billion current US$ | +42.1% |
| 2006 | 60.08 billion current US$ | +18.8% |
| 2007 | 56.36 billion current US$ | -6.2% |
| 2008 | 82.46 billion current US$ | +46.3% |
| 2009 | 47.92 billion current US$ | -41.9% |
| 2010 | 52.98 billion current US$ | +10.6% |
| 2011 | 70.24 billion current US$ | +32.6% |
| 2012 | 73.27 billion current US$ | +4.3% |
| 2013 | 62.91 billion current US$ | -14.1% |
| 2014 | 52.83 billion current US$ | -16.0% |
| 2015 | 26.94 billion current US$ | -49.0% |
| 2016 | 10.83 billion current US$ | -59.8% |
| 2017 | 18.14 billion current US$ | +67.6% |
| 2018 | 29.22 billion current US$ | +61.1% |
| 2019 | 10.65 billion current US$ | -63.6% |
| 2020 | -2.58 billion current US$ | -124.2% |
| 2021 | 75.44 billion current US$ | -3025.4% |
| 2022 | 168.14 billion current US$ | +122.9% |
| 2023 | 77.38 billion current US$ | -54.0% |
| 2024 | 66.01 billion current US$ | -14.7% |
| 2025 | 62.06 billion current US$ | -6.0% |
Norway compared with similar countries
- Norway's 62.06 billion current US$ is above the median for high income countries, which is 3.43 billion current US$, 18.1× the median. (72 countries reporting)
- Norway's 62.06 billion current US$ is above the median for Europe & Central Asia, which is -50.32 million current US$. (52 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +6308.7% | 16.60 million current US$ | 1.06 billion current US$ |
| 2021 | +3025.4% | -2.58 billion current US$ | 75.44 billion current US$ |
| 1974 | -552.8% | -118.46 million current US$ | -773.33 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -900.99 million current US$ | -3.83 billion current US$ | 1.06 billion current US$ | 10 |
| 1980s | 2.21 billion current US$ | -2.93 billion current US$ | 5.25 billion current US$ | 10 |
| 1990s | 8.85 billion current US$ | 2.74 billion current US$ | 13.90 billion current US$ | 10 |
| 2000s | 44.65 billion current US$ | 26.02 billion current US$ | 82.46 billion current US$ | 10 |
| 2010s | 40.80 billion current US$ | 10.65 billion current US$ | 73.27 billion current US$ | 10 |
| 2020s | 74.41 billion current US$ | -2.58 billion current US$ | 168.14 billion current US$ | 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$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Norway?
- External balance on goods and services in Norway was 62.06 billion current US$ 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 168.14 billion current US$ in 2022.
- What is the lowest external balance on goods and services recorded in Norway?
- The lowest recorded value was -3.83 billion current US$ in 1977.
- How does Norway rank for external balance on goods and services?
- Norway ranks 12th 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 130.4%. 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 US$). 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 indicator is expressed in United States dollars.