Norway NO: Exports: All Services: Financial Services

Norway NO: Exports: All Services: Financial Services data was reported at 23,123.800 NOK mn in 2022. This records a decrease from the previous number of 25,505.800 NOK mn for 2021. Norway NO: Exports: All Services: Financial Services data is updated yearly, averaging 25,505.800 NOK mn from Dec 2018 (Median) to 2022, with 5 observations. The data reached an all-time high of 32,712.500 NOK mn in 2019 and a record low of 23,123.800 NOK mn in 2022. Norway NO: Exports: All Services: Financial Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Norway – Table NO.OECD.TISP: Trade in Services: Exports: by Services: OECD Member: Annual. Financial services covers financial intermediation and auxiliary services, except those of insurance enterprises and pension schemes. These services include those usually provided by banks and other financial intermediaries and auxiliaries. Included are services provided in connection with transactions in financial instruments, as well as other services related to financial activity, encompassing, inter alia, deposit taking and lending, letters of credit, credit card services, commissions and charges related to financial leasing, factoring, underwriting and clearing of payments. Also included are financial advisory services, custody of financial assets or bullion, financial asset management, monitoring services, convenience services, liquidity provision services, risk assumption services other than insurance, merger and acquisition services, credit rating services, stock exchange services and trust services. Financial services may be charged for by: explicit charges; margins on buying and selling transactions; asset management costs deducted from property income receivable, in the case of asset-holding entities; or margins between the interest rate and the reference rate on loans and deposits (referred to as financial intermediation services indirectly measured (FISIM)). EBOPS 2010 identifies FISIM separately from all other financial services.For financial intermediaries, the balance between explicit and implicit charges may vary over time and from institution to institution; thus, data on both are needed to obtain a complete picture of their supply of services.

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