Current Account in Norway

Norway Current Account | Economic News & Forecasts

Norway - Current Account

The economy found its feet again in October as month-on-month growth rebounded, contrasting the decline in September, according to fresh GDP data. The improvement in October was primarily due to greater public and private consumption and fewer imports, although fixed investment and exports decreased. Moreover, separate data showed that industrial production increased in October across all sub-sectors compared to the previous month. However, quarter-on-quarter GDP growth slowed in the August-to-October period compared to July–September. Meanwhile, higher oil production appears to be buffering the public finances this year, with the fiscal surplus rising over a third year-on-year in NOK terms in January–September.

Norway - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)10.7  10.3  7.9  3.8  5.5  

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Norway Current Account Chart

Norway Current Account
Note: Current account balance as % of GDP.
Source: Statistics Norway and FocusEconomics calculations.

Norway Facts

Bond Yield1.79-0.65 %Jan 16
Exchange Rate8.54-0.38 %Jan 16
Stock Market840-0.08 %Jan 16

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