Current Account in Norway

Norway Current Account (USD bn) | Economic News & Forecasts

Norway - Current Account (billions of U.S. Dollars)

The economy expanded at a solid month-on-month pace in April, matching the expansion in March. Higher fixed investment again supported the expansion, while industrial production increased in April for the first time in six months. Reinforcing this positive picture, Norges Bank released a quarterly survey of businesses in June that indicated stronger economic growth over the next six months than had been expected in March. It also noted strong growth over the past few months, particularly on the back of higher oil investment, purchases of technology-related services and large-scale public investment, while the labor market has remained tight. Also in June, the IMF said that government spending is likely to be “mildly expansionary” this year and called for a “modest consolidation” next year to minimize risks of overheating.

Norway - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)53.7  53.0  31.4  14.8  22.4  

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Norway Current Account (USD bn) Chart

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

Norway Facts

Bond Yield1.47-0.65 %Jul 11
Exchange Rate8.54-0.38 %Jul 11
Stock Market884-0.08 %Jul 11

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