Norway Forecast: Current Account Balance

1980 - 2027 | Yearly | USD bn | International Monetary Fund

Key information about Norway Forecast: Current Account Balance

  • Norway Current Account Balance is forecasted to be 70.757 USD bn in Dec 2023 as reported by International Monetary Fund.
  • It records a decrease from the last reported number of 97.942 USD bn in Dec 2022.
  • Looking ahead, Norway Current Account Balance is projected to stand at 32.931 USD bn in Dec 2027.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: BPM6: Current Account: USD.

View Norway's Forecast: Current Account Balance from 1980 to 2027 in the chart:

Norway Forecast: Current Account Balance

What is Norway's Forecast: Current Account Balance in 2027?

Norway Current Account Balance is forecasted to be 70.757 USD bn in Dec 2023 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
32.931 2027 38.819 2026 -4.704 1986 97.942 2022 USD bn yearly 1980 - 2027

Forecast: Current Account Balance by Country Comparison

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Includes Forecast: Current Account Balance on 194 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (USD bn) 2.247 2020 yearly 2002 - 2020
Albania (USD bn) -1.772 2027 yearly 1980 - 2027
Algeria (USD bn) -8.523 2027 yearly 1980 - 2027
Andorra (USD bn) 0.761 2027 yearly 2019 - 2027
Angola (USD bn) -0.454 2027 yearly 1980 - 2027
Antigua and Barbuda (USD bn) -0.263 2027 yearly 2014 - 2027
Argentina (USD bn) 3.305 2027 yearly 1980 - 2027
Armenia (USD bn) -1.291 2027 yearly 1992 - 2027
Aruba (USD bn) 0.027 2027 yearly 1999 - 2027
Australia (USD bn) -10.345 2027 yearly 1980 - 2027
Austria (USD bn) 9.935 2027 yearly 1980 - 2027
Azerbaijan (USD bn) 8.345 2027 yearly 1992 - 2027
Bahamas (USD bn) -1.252 2027 yearly 1980 - 2027
Bahrain (USD bn) 0.461 2027 yearly 1980 - 2027
Bangladesh (USD bn) -23.953 2027 yearly 1980 - 2027
Barbados (USD bn) -0.326 2027 yearly 1980 - 2027
Belarus (USD bn) -0.164 2027 yearly 1992 - 2027
Belgium (USD bn) 5.033 2027 yearly 1980 - 2027
Belize (USD bn) -0.228 2027 yearly 1980 - 2027
Benin (USD bn) -1.398 2027 yearly 1980 - 2027
Bhutan (USD bn) -0.154 2027 yearly 1980 - 2027
Bolivia (USD bn) -2.137 2027 yearly 1980 - 2027
Bosnia and Herzegovina (USD bn) -1.002 2027 yearly 1998 - 2027
Botswana (USD bn) 1.223 2027 yearly 1980 - 2027
Brazil (USD bn) -50.164 2027 yearly 1980 - 2027
Brunei (USD bn) 2.627 2027 yearly 1981 - 2027
Bulgaria (USD bn) -0.083 2027 yearly 1980 - 2027
Burkina Faso (USD bn) -0.424 2027 yearly 1980 - 2027
Burundi (USD bn) -0.566 2027 yearly 1980 - 2027
Cambodia (USD bn) -3.464 2027 yearly 1992 - 2027
Cameroon (USD bn) -1.883 2027 yearly 1980 - 2027
Canada (USD bn) -51.941 2027 yearly 1980 - 2027
Cape Verde (USD bn) -0.117 2027 yearly 1980 - 2027
Central African Republic (USD bn) -0.195 2027 yearly 1980 - 2027
Chad (USD bn) -1.123 2027 yearly 1980 - 2027
Chile (USD bn) -10.177 2027 yearly 1980 - 2027
China (USD bn) 149.562 2027 yearly 1997 - 2027
Colombia (USD bn) -17.891 2027 yearly 1980 - 2027
Comoros (USD bn) -0.092 2027 yearly 1980 - 2027
Congo (USD bn) 0.246 2027 yearly 1980 - 2027
Costa Rica (USD bn) -2.640 2027 yearly 1980 - 2027
Croatia (USD bn) 2.283 2027 yearly 1992 - 2027
Cyprus (USD bn) -2.309 2027 yearly 1980 - 2027
Czech Republic (USD bn) 3.857 2027 yearly 1995 - 2027
Democratic Republic of Congo (USD bn) 0.687 2027 yearly 1980 - 2027
Denmark (USD bn) 34.267 2027 yearly 1980 - 2027
Djibouti (USD bn) 0.093 2027 yearly 1991 - 2027
Dominica (USD bn) -0.098 2027 yearly 2000 - 2027
Dominican Republic (USD bn) -4.602 2027 yearly 1980 - 2027
Ecuador (USD bn) 2.655 2027 yearly 1980 - 2027
Egypt (USD bn) -10.818 2027 yearly 1980 - 2027
El Salvador (USD bn) -1.833 2027 yearly 1980 - 2027
Equatorial Guinea (USD bn) -0.990 2027 yearly 1987 - 2027
Eritrea (USD bn) 0.339 2027 yearly 1992 - 2027
Estonia (USD bn) 0.307 2027 yearly 1993 - 2027
Swaziland (USD bn) 0.076 2027 yearly 1980 - 2027
Ethiopia (USD bn) -6.358 2027 yearly 1980 - 2027
Fiji (USD bn) -0.762 2027 yearly 1980 - 2027
Finland (USD bn) -1.503 2027 yearly 1980 - 2027
France (USD bn) -9.090 2027 yearly 1980 - 2027
Gabon (USD bn) -0.692 2027 yearly 1980 - 2027
Gambia (USD bn) -0.268 2027 yearly 1980 - 2027
Georgia (USD bn) -2.041 2027 yearly 1995 - 2027
Germany (USD bn) 301.097 2027 yearly 1980 - 2027
Ghana (USD bn) -3.249 2027 yearly 1980 - 2027
Greece (USD bn) -10.272 2027 yearly 1980 - 2027
Grenada (USD bn) -0.184 2027 yearly 2014 - 2027
Guatemala (USD bn) 0.813 2027 yearly 1980 - 2027
Guinea (USD bn) -0.398 2027 yearly 1980 - 2027
Guinea-Bissau (USD bn) -0.094 2027 yearly 1980 - 2027
Guyana (USD bn) 7.555 2027 yearly 1980 - 2027
Haiti (USD bn) -0.311 2027 yearly 1980 - 2027
Honduras (USD bn) -1.395 2027 yearly 1980 - 2027
Hong Kong SAR, China (USD bn) 17.078 2027 yearly 1980 - 2027
Hungary (USD bn) 1.751 2027 yearly 1980 - 2027
Iceland (USD bn) 0.136 2027 yearly 1980 - 2027
India (USD bn) -140.605 2027 yearly 1980 - 2027
Indonesia (USD bn) -35.202 2027 yearly 1980 - 2027
Iran (USD bn) 6.461 2027 yearly 1980 - 2027
Iraq (USD bn) 11.991 2027 yearly 2001 - 2027
Ireland (USD bn) 50.388 2027 yearly 1980 - 2027
Israel (USD bn) 22.520 2027 yearly 1980 - 2027
Italy (USD bn) 57.089 2027 yearly 1980 - 2027
Ivory Coast (USD bn) -3.602 2027 yearly 1980 - 2027
Jamaica (USD bn) -0.419 2027 yearly 1980 - 2027
Japan (USD bn) 165.647 2027 yearly 1980 - 2027
Jordan (USD bn) -2.528 2027 yearly 1980 - 2027
Kazakhstan (USD bn) -5.007 2027 yearly 1992 - 2027
Kenya (USD bn) -7.717 2027 yearly 1980 - 2027
Kiribati (USD bn) 0.027 2027 yearly 1980 - 2027
South Korea (USD bn) 94.420 2027 yearly 1980 - 2027
Kosovo (USD bn) -0.762 2027 yearly 2000 - 2027
Kuwait (USD bn) 29.190 2027 yearly 1980 - 2027
Kyrgyzstan (USD bn) -0.809 2027 yearly 1992 - 2027
Laos (USD bn) -1.366 2027 yearly 1980 - 2027
Latvia (USD bn) -0.551 2027 yearly 1992 - 2027
Lebanon (USD bn) -3.876 2020 yearly 1980 - 2020
Lesotho (USD bn) -0.169 2027 yearly 1980 - 2027
Liberia (USD bn) -0.823 2027 yearly 2000 - 2027
Libya (USD bn) 5.379 2027 yearly 1980 - 2027

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Norway Key Series

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Includes 260 key indicators for Norway, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 24.1 Sep 2022 quarterly Dec 2002 - Sep 2022
Consolidated Fiscal Balance (USD mn) 47,194.815 Sep 2022 quarterly Mar 2002 - Sep 2022
Tax Revenue (USD mn) 57,372.619 Sep 2022 quarterly Mar 2002 - Sep 2022
Tax Revenue: % of GDP (%) 37.0 Sep 2022 quarterly Mar 2002 - Sep 2022
National Government Debt (USD mn) 203,080.5 2021 yearly 1995 - 2021
Government Debt: % of GDP (%) 42.5 2021 yearly 1995 - 2021
Forecast: Government Expenditure (NOK bn) 2,613.027 2027 yearly 1980 - 2027
Forecast: Government Net Debt (NOK bn) 1,998.529 2027 yearly 1980 - 2027
Forecast: Government Revenue (NOK bn) 3,258.024 2027 yearly 1980 - 2027
General Govt Taxes: GS: Value Added Tax (NOK mn) 338,000.000 2021 yearly 1995 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.072 2027 yearly 1980 - 2027
Trade Balance (USD mn) 15,058.0 Dec 2022 monthly Jan 1957 - Dec 2022
Total Exports (USD mn) 24,265.8 Dec 2022 monthly Jan 1975 - Dec 2022
Total Exports Growth (%) 28.1 Dec 2022 monthly Jan 1976 - Dec 2022
Aluminum: Exports (USD th) 5,091,821.627 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 443,351.704 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 276,258.280 2021 yearly 1995 - 2021
Total Imports (USD mn) 9,207.8 Dec 2022 monthly Jan 1976 - Dec 2022
Total Imports Growth (%) 14.7 Dec 2022 monthly Jan 1977 - Dec 2022
Imports: Medicament (USD th) 1,827,766.645 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 695,675.854 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 474.406 Dec 2022 monthly Jan 1988 - Dec 2022
Total Imports from USA (USD mn) 576.588 Dec 2022 monthly Apr 1963 - Dec 2022
Total Exports to China (USD mn) 262.266 Dec 2022 monthly Mar 1977 - Dec 2022
Total Imports from China (USD mn) 1,056.862 Dec 2022 monthly Apr 1963 - Dec 2022
Exports (NOK mn) 239,749.000 Dec 2022 monthly Jan 1975 - Dec 2022
Exports: Crude Oil (NOK mn) 39,156.000 Dec 2022 monthly Jan 1974 - Dec 2022
Imports (NOK mn) 90,974.000 Dec 2022 monthly Jan 1976 - Dec 2022
Exports: Netherlands (NOK th) 12,922,799.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: Sweden (NOK th) 13,717,804.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: France (NOK th) 16,192,082.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: United Kingdom (NOK th) 60,268,842.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: Germany (NOK th) 63,907,171.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Chemical and Related Product (NOK th) 7,488,547.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Manufactured Goods (NOK th) 11,311,706.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 191,718,005.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Food and Live Animals (NOK th) 14,317,986.000 Dec 2022 monthly Jan 1988 - Dec 2022
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 8,528,216.000 Dec 2022 monthly Jan 1988 - Dec 2022
Import Volume Index: Animal and Vegetable Oil and Fats (2000=100) 308.300 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index (2000=100) 187.800 Jun 2022 quarterly Mar 1989 - Jun 2022
Import Volume Index: Machinery and Transport Equipment (2000=100) 197.800 Jun 2022 quarterly Mar 1989 - Jun 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 10,879.7 Sep 2022 quarterly Mar 1994 - Sep 2022
Current Account Balance (USD mn) 57,026.3 Sep 2022 quarterly Mar 1981 - Sep 2022
Current Account Balance: % of GDP (%) 36.8 Sep 2022 quarterly Mar 1981 - Sep 2022
Foreign Direct Investment (USD mn) 4,334.2 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Direct Investment: % of GDP (%) 2.8 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Portfolio Investment (USD mn) 8,203.770 Sep 2022 quarterly Mar 1994 - Sep 2022
Foreign Portfolio Investment: % of GDP (%) 5.3 Sep 2022 quarterly Mar 1994 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 171.2 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 8,032.562 Sep 2022 quarterly Mar 2005 - Sep 2022
External Debt (USD mn) 733,211.0 Sep 2022 quarterly Mar 2003 - Sep 2022
External Debt: % of GDP (%) 152.8 2021 yearly 2003 - 2021
External Debt: Short Term (USD mn) 332,699.6 Sep 2022 quarterly Mar 2012 - Sep 2022
External Debt: Short Term: % of GDP (%) 57.9 2021 yearly 2012 - 2021
Total Debt: % of GDP (%) 548.6 Jun 2022 quarterly Dec 1995 - Jun 2022
Forecast: Current Account Balance (USD bn) 32.931 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 1,060,667.869 Sep 2022 quarterly Mar 2012 - Sep 2022
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) 35,867.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: BI: Net Current Transfers (NOK mn) -14,443.000 Sep 2022 quarterly Mar 1981 - Sep 2022
BoP: Financial Account (FA): Foreign Assets (NOK mn) 1,071,314.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Liabilities (NOK mn) 526,258.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: Current Account Balance (NOK mn) 570,571.000 Sep 2022 quarterly Mar 1981 - Sep 2022
BoP: FA: Foreign Assets: Other Investments (NOK mn) 439,744.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 400,811.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 52,556.000 Sep 2022 quarterly Mar 1981 - Sep 2022
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 108,856.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) 43,365.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 486,847.000 Sep 2022 quarterly Mar 2005 - Sep 2022
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 82,082.000 Sep 2022 quarterly Mar 2005 - Sep 2022
IIP: Foreign Assets (NOK mn) 22,167,929.000 Sep 2022 quarterly Mar 2012 - Sep 2022
IIP: Foreign Liabilities (NOK mn) 10,636,454.000 Sep 2022 quarterly Mar 2012 - Sep 2022
Gross External Debt (NOK mn) 7,971,397.000 Sep 2022 quarterly Mar 2012 - Sep 2022
Gross Debt: External Loan Debt: General Public (NOK mn) 1,222,575.000 Dec 2018 quarterly Dec 2015 - Dec 2018
Foreign Direct Investment: Stock (NOK mn) 1,453,884.000 2021 yearly 2004 - 2021
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 3,813.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 87,288.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 238,425.000 2020 yearly 1998 - 2020
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 15,219.000 2021 yearly 2004 - 2021
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 184,148.000 2021 yearly 1998 - 2021
No of Bankruptcies: SIC 2007 (Unit) 1,006.000 Dec 2022 quarterly Mar 2006 - Dec 2022
No of New Registered Enterprises (Unit) 17,119.000 Sep 2022 quarterly Mar 2001 - Sep 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 2021 yearly 1990 - 2021
Household Debt: % of GDP (%) 89.2 Jun 2022 quarterly Dec 1995 - Jun 2022
Money Supply M1 (USD mn) 285,737.168 Dec 2022 monthly Dec 1992 - Dec 2022
Money Supply M2 (USD mn) 311,967.883 Dec 2022 monthly Dec 1992 - Dec 2022
M2 Growth (%) 5.6 Dec 2022 monthly Dec 1993 - Dec 2022
Reserve Requirement Ratio (%) 1.8 Dec 2022 monthly Oct 2011 - Dec 2022
Foreign Exchange Reserves (USD mn) 64,070.3 Dec 2022 monthly Jan 1999 - Dec 2022
Foreign Exchange Reserves: % of GDP (%) 13.903 Sep 2022 quarterly Mar 1999 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 6.9 Dec 2022 monthly Jan 1999 - Dec 2022
Gold Reserves (USD mn) 0.000 Dec 2022 monthly Dec 1959 - Dec 2022
Total Deposits (USD mn) 487,021.730 Nov 2022 monthly May 2009 - Nov 2022
Total Deposits Growth (%) 5.7 Nov 2022 monthly May 2010 - Nov 2022
Domestic Credit (USD mn) 710,615.4 Dec 2022 monthly Dec 1985 - Dec 2022
Domestic Credit Growth (%) 5.6 Dec 2022 monthly Dec 1986 - Dec 2022
Debt Service Ratio: Households (%) 12.600 Jun 2022 quarterly Mar 1999 - Jun 2022
Debt Service Ratio: Private Non-Financial Sector (%) 23.600 Jun 2022 quarterly Mar 1999 - Jun 2022
Credit to Households (USD bn) 421.488 Jun 2022 quarterly Mar 1975 - Jun 2022
Credit to Private Non-Financial Sector (USD bn) 1,017.119 Jun 2022 quarterly Dec 1953 - Jun 2022
Household Debt (USD mn) 449,163.7 Jun 2022 quarterly Dec 1995 - Jun 2022
Total Loans (USD mn) 682,319.926 Sep 2022 monthly Mar 1996 - Sep 2022
Total Loans Growth (%) 7.56 Sep 2022 monthly Mar 1997 - Sep 2022
Private Debt: % of Nominal GDP (%) 105.99 Sep 2022 quarterly Mar 1996 - Sep 2022
Monetary Aggregates: M3: sa (NOK mn) 3,109,611.000 Dec 2022 monthly Jan 2008 - Dec 2022
Monetary Aggregates: M3: M2: M1 (NOK mn) 2,811,368.000 Dec 2022 monthly Dec 1992 - Dec 2022
Monetary Aggregates: M3: M2 (NOK mn) 3,069,452.000 Dec 2022 monthly Dec 1992 - Dec 2022
Monetary Aggregates: M3 (NOK mn) 3,073,399.000 Dec 2022 monthly Jan 2008 - Dec 2022
Monetary Aggregates: Base Money (NOK mn) 66,597.000 Dec 2022 monthly Jan 1900 - Dec 2022
Official Reserve Assets (NOK mn) 800,034.000 Nov 2022 monthly Jan 1999 - Nov 2022
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 611,691.000 Dec 2022 monthly Jan 1999 - Dec 2022
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Bank Deposits (NOK mn) 4,840,996.000 Nov 2022 monthly May 2009 - Nov 2022
Loans: Banks (NOK mn) 4,520,636.000 Nov 2022 monthly Jan 1996 - Nov 2022
Domestic Debt C2 (NOK mn) 6,991,745.000 Dec 2022 monthly Dec 1985 - Dec 2022
Non Performing Loans Ratio: Enterprises (%) 0.700 2021 yearly 1990 - 2021
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -16.5 Dec 2022 monthly Feb 2005 - Dec 2022
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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