Current Account Balance in Norway
The current account balance averaged 10.1% of GDP in the decade to 2022. The 2022 reading was USD 30.2% of GDP. For more current account information, visit our dedicated page.
Norway Current Account Chart
Note: This chart displays Current Account Balance (% of GDP) for Norway from 2020 to 2019.
Source: Macrobond.
Norway Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 3.8 | 1.1 | 14.9 | 30.0 | 18.0 |
| Current Account Balance (EUR bn) | 13.8 | 3.6 | 63.3 | 170.3 | 80.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Norwegian current account projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Norwegian current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Norwegian current account projections.
Want to get access to the full dataset of Norwegian current account forecasts? Send an email to info@focus-economics.com.