Norway Forecast: Current Account Balance

1980 - 2028 | Yearly | USD bn | International Monetary Fund

Key information about Norway Forecast: Current Account Balance

  • Norway Current Account Balance is forecasted to be 144.085 USD bn in Dec 2024 as reported by International Monetary Fund.
  • It records a decrease from the last reported number of 143.299 USD bn in Dec 2023.
  • Looking ahead, Norway Current Account Balance is projected to stand at 105.824 USD bn in Dec 2028.
  • 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 2028 in the chart:

Norway Forecast: Current Account Balance

What is Norway's Forecast: Current Account Balance in 2028?

Norway Current Account Balance is forecasted to be 144.085 USD bn in Dec 2024 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
105.824 2028 109.596 2027 -4.888 1986 174.743 2022 USD bn yearly 1980 - 2028

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) -1.790 2028 yearly 1980 - 2028
Algeria (USD bn) -13.583 2028 yearly 1980 - 2028
Andorra (USD bn) 0.842 2028 yearly 2019 - 2028
Angola (USD bn) 2.023 2028 yearly 1980 - 2028
Antigua and Barbuda (USD bn) -0.265 2028 yearly 2014 - 2028
Argentina (USD bn) 7.340 2028 yearly 1980 - 2028
Armenia (USD bn) -1.789 2028 yearly 1992 - 2028
Aruba (USD bn) 0.328 2028 yearly 1999 - 2028
Australia (USD bn) -18.570 2028 yearly 1980 - 2028
Austria (USD bn) 1.670 2028 yearly 1980 - 2028
Azerbaijan (USD bn) 6.695 2028 yearly 1992 - 2028
Bahamas (USD bn) -0.965 2028 yearly 1980 - 2028
Bahrain (USD bn) 1.321 2028 yearly 1980 - 2028
Bangladesh (USD bn) -21.942 2028 yearly 1980 - 2028
Barbados (USD bn) -0.438 2028 yearly 1980 - 2028
Belarus (USD bn) -0.016 2028 yearly 1992 - 2028
Belgium (USD bn) -2.148 2028 yearly 1980 - 2028
Belize (USD bn) -0.215 2028 yearly 1980 - 2028
Benin (USD bn) -1.245 2028 yearly 1980 - 2028
Bhutan (USD bn) -0.416 2028 yearly 1980 - 2028
Bolivia (USD bn) -2.306 2028 yearly 1980 - 2028
Bosnia and Herzegovina (USD bn) -1.298 2028 yearly 1998 - 2028
Botswana (USD bn) 0.165 2028 yearly 1980 - 2028
Brazil (USD bn) -59.994 2028 yearly 1980 - 2028
Brunei (USD bn) 2.542 2028 yearly 1981 - 2028
Bulgaria (USD bn) -0.406 2028 yearly 1980 - 2028
Burkina Faso (USD bn) -1.144 2028 yearly 1980 - 2028
Burundi (USD bn) -0.583 2028 yearly 1980 - 2028
Cambodia (USD bn) -2.954 2028 yearly 1992 - 2028
Cameroon (USD bn) -2.000 2028 yearly 1980 - 2028
Canada (USD bn) -55.335 2028 yearly 1980 - 2028
Cape Verde (USD bn) -0.145 2028 yearly 1980 - 2028
Central African Republic (USD bn) -0.173 2028 yearly 1980 - 2028
Chad (USD bn) -0.981 2028 yearly 1980 - 2028
Chile (USD bn) -12.671 2028 yearly 1980 - 2028
China (USD bn) 160.975 2028 yearly 1997 - 2028
Colombia (USD bn) -17.763 2028 yearly 1980 - 2028
Comoros (USD bn) -0.085 2028 yearly 1980 - 2028
Congo (USD bn) -0.461 2028 yearly 1980 - 2028
Costa Rica (USD bn) -1.864 2028 yearly 1980 - 2028
Croatia (USD bn) 0.205 2028 yearly 1992 - 2028
Cyprus (USD bn) -3.179 2028 yearly 1980 - 2028
Czech Republic (USD bn) 9.626 2028 yearly 1995 - 2028
Democratic Republic of Congo (USD bn) -3.273 2028 yearly 1980 - 2028
Denmark (USD bn) 45.017 2028 yearly 1980 - 2028
Djibouti (USD bn) 0.128 2028 yearly 1991 - 2028
Dominica (USD bn) -0.118 2028 yearly 2000 - 2028
Dominican Republic (USD bn) -4.927 2028 yearly 1980 - 2028
Ecuador (USD bn) 2.607 2028 yearly 1980 - 2028
Egypt (USD bn) -15.999 2028 yearly 1980 - 2028
El Salvador (USD bn) -1.957 2028 yearly 1980 - 2028
Equatorial Guinea (USD bn) -0.767 2028 yearly 1987 - 2028
Eritrea (USD bn) 0.257 2019 yearly 1992 - 2019
Estonia (USD bn) 0.619 2028 yearly 1993 - 2028
Swaziland (USD bn) 0.018 2028 yearly 1980 - 2028
Ethiopia (USD bn) -5.546 2028 yearly 1980 - 2028
Fiji (USD bn) -0.592 2028 yearly 1980 - 2028
Finland (USD bn) -1.459 2028 yearly 1980 - 2028
France (USD bn) -13.987 2028 yearly 1980 - 2028
Gabon (USD bn) -1.367 2028 yearly 1980 - 2028
Gambia (USD bn) -0.134 2028 yearly 1980 - 2028
Georgia (USD bn) -2.346 2028 yearly 1995 - 2028
Germany (USD bn) 330.963 2028 yearly 1980 - 2028
Ghana (USD bn) -2.914 2028 yearly 1980 - 2028
Greece (USD bn) -9.215 2028 yearly 1980 - 2028
Grenada (USD bn) -0.196 2028 yearly 2014 - 2028
Guatemala (USD bn) 0.063 2028 yearly 1980 - 2028
Guinea (USD bn) -2.239 2028 yearly 1980 - 2028
Guinea-Bissau (USD bn) -0.118 2028 yearly 1980 - 2028
Guyana (USD bn) 14.259 2028 yearly 1980 - 2028
Haiti (USD bn) -0.130 2028 yearly 1980 - 2028
Honduras (USD bn) -1.736 2028 yearly 1980 - 2028
Hong Kong SAR, China (USD bn) 25.833 2028 yearly 1980 - 2028
Hungary (USD bn) 1.409 2028 yearly 1980 - 2028
Iceland (USD bn) 0.471 2028 yearly 1980 - 2028
India (USD bn) -137.893 2028 yearly 1980 - 2028
Indonesia (USD bn) -30.420 2028 yearly 1980 - 2028
Iran (USD bn) 12.060 2028 yearly 1980 - 2028
Iraq (USD bn) -24.042 2028 yearly 2001 - 2028
Ireland (USD bn) 44.016 2028 yearly 1980 - 2028
Israel (USD bn) 23.348 2028 yearly 1980 - 2028
Italy (USD bn) 53.574 2028 yearly 1980 - 2028
Ivory Coast (USD bn) -3.088 2028 yearly 1980 - 2028
Jamaica (USD bn) -0.511 2028 yearly 1980 - 2028
Japan (USD bn) 167.498 2028 yearly 1980 - 2028
Jordan (USD bn) -2.347 2028 yearly 1980 - 2028
Kazakhstan (USD bn) -10.333 2028 yearly 1992 - 2028
Kenya (USD bn) -7.497 2028 yearly 1980 - 2028
Kiribati (USD bn) 0.027 2028 yearly 1980 - 2028
South Korea (USD bn) 66.020 2028 yearly 1980 - 2028
Kosovo (USD bn) -0.733 2028 yearly 2000 - 2028
Kuwait (USD bn) 29.379 2028 yearly 1980 - 2028
Kyrgyzstan (USD bn) -0.736 2028 yearly 1992 - 2028
Laos (USD bn) -1.018 2028 yearly 1980 - 2028
Latvia (USD bn) -1.280 2028 yearly 1992 - 2028
Lebanon (USD bn) -6.271 2022 yearly 1980 - 2022
Lesotho (USD bn) -0.127 2028 yearly 1980 - 2028
Liberia (USD bn) -1.265 2028 yearly 2000 - 2028
Libya (USD bn) 7.305 2028 yearly 1980 - 2028

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Norway Key Series

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Includes 242 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 (%) 16.3 Dec 2023 quarterly Dec 2002 - Dec 2023
Consolidated Fiscal Balance (USD mn) 14,604.965 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue (USD mn) 41,251.074 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue: % of GDP (%) 32.6 Dec 2023 quarterly Mar 2002 - Dec 2023
National Government Debt (USD mn) 224,382.7 2023 yearly 1995 - 2023
Government Debt: % of GDP (%) 44.3 2023 yearly 1995 - 2023
Forecast: Government Expenditure (NOK bn) 2,771.660 2028 yearly 1980 - 2028
Forecast: Government Net Debt (NOK bn) 2,191.300 2028 yearly 1980 - 2028
Forecast: Government Revenue (NOK bn) 3,394.140 2028 yearly 1980 - 2028
General Govt Taxes: GS: Value Added Tax (NOK mn) 381,500.000 2023 yearly 1995 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.315 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,906.7 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 12,277.9 Feb 2024 monthly Jan 1975 - Feb 2024
Total Exports Growth (%) -21.3 Feb 2024 monthly Jan 1976 - Feb 2024
Aluminum: Exports (USD th) 6,135,979.913 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 448,682.646 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 277,185.408 2022 yearly 1995 - 2022
Total Imports (USD mn) 7,371.2 Feb 2024 monthly Jan 1976 - Feb 2024
Total Imports Growth (%) -2.4 Feb 2024 monthly Jan 1977 - Feb 2024
Imports: Medicament (USD th) 1,781,332.513 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,061,381.998 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 449.730 Feb 2024 monthly Jan 1988 - Feb 2024
Total Imports from USA (USD mn) 482.477 Feb 2024 monthly Apr 1963 - Feb 2024
Total Exports to China (USD mn) 220.004 Feb 2024 monthly Mar 1977 - Feb 2024
Total Imports from China (USD mn) 764.485 Feb 2024 monthly Apr 1963 - Feb 2024
Exports: Crude Oil (NOK mn) 37,242.000 Feb 2024 monthly Jan 1974 - Feb 2024
Imports (NOK mn) 77,812.000 Feb 2024 monthly Jan 1976 - Feb 2024
Exports (NOK mn) 129,608.000 Feb 2024 monthly Jan 1975 - Feb 2024
Exports: Netherlands (NOK th) 12,977,337.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: United Kingdom (NOK th) 23,248,251.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: Sweden (NOK th) 10,823,383.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: Germany (NOK th) 22,026,793.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: France (NOK th) 7,495,122.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Chemical and Related Product (NOK th) 6,735,434.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Food and Live Animals (NOK th) 13,532,875.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Manufactured Goods (NOK th) 10,968,711.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 80,605,812.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 10,976,238.000 Feb 2024 monthly Jan 1988 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,229.3 Dec 2023 quarterly Mar 1994 - Dec 2023
Current Account Balance (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Current Account Balance: % of GDP (%) 16.1 Sep 2023 quarterly Mar 1981 - Sep 2023
Foreign Direct Investment (USD mn) -566.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) -0.9 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Portfolio Investment (USD mn) 11,218.004 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 8.9 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,029.3 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 12,247.320 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt (USD mn) 772,516.8 Dec 2023 quarterly Mar 2003 - Dec 2023
External Debt: % of GDP (%) 152.5 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 291,620.9 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt: Short Term: % of GDP (%) 51.9 2022 yearly 2012 - 2022
Total Debt: % of GDP (%) 589.0 Dec 2023 quarterly Dec 1995 - Dec 2023
Forecast: Current Account Balance (USD bn) 105.824 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 1,509,953.566 Dec 2023 quarterly Mar 2012 - Dec 2023
BoP: Financial Account (FA): Foreign Assets (NOK mn) 735,342.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 24,134.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 537,644.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Other Investments (NOK mn) 200,228.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) -26,664.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) -6,135.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities (NOK mn) 466,632.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 121,442.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 351,325.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: BI: Net Current Transfers (NOK mn) -24,571.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 61,807.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: Current Account Balance (NOK mn) 171,339.000 Jun 2023 quarterly Mar 1981 - Jun 2023
International Investment Position (IIP): Foreign Assets: Net (NOK mn) 15,283,750.000 Dec 2023 quarterly Mar 2012 - Dec 2023
IIP: Foreign Assets (NOK mn) 25,975,856.000 Dec 2023 quarterly Mar 2012 - Dec 2023
IIP: Foreign Liabilities (NOK mn) 10,692,106.000 Dec 2023 quarterly Mar 2012 - Dec 2023
Gross External Debt (NOK mn) 7,819,415.000 Dec 2023 quarterly Mar 2012 - Dec 2023
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) 1,542,388.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 2,508.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 84,769.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 17,239.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 203,949.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 278,938.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
No of Bankruptcies: SIC 2007 (Unit) 1,186.000 Dec 2023 quarterly Mar 2006 - Dec 2023
No of New Registered Enterprises (Unit) 16,192.000 Dec 2023 quarterly Mar 2001 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 2022 yearly 1990 - 2022
Household Debt: % of GDP (%) 91.5 Dec 2023 quarterly Dec 1995 - Dec 2023
Money Supply M1 (USD mn) 247,743.328 Feb 2024 monthly Dec 1992 - Feb 2024
Money Supply M2 (USD mn) 287,449.590 Feb 2024 monthly Dec 1992 - Feb 2024
M2 Growth (%) -0.9 Feb 2024 monthly Dec 1993 - Feb 2024
Reserve Requirement Ratio (%) 3.5 Mar 2024 monthly Oct 2011 - Mar 2024
Foreign Exchange Reserves (USD mn) 73,487.5 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 14.217 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 10.2 Mar 2024 monthly Jan 1999 - Mar 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Dec 1959 - Mar 2024
Total Deposits (USD mn) 468,775.087 Feb 2024 monthly May 2009 - Feb 2024
Total Deposits Growth (%) 1.2 Feb 2024 monthly May 2010 - Feb 2024
Domestic Credit (USD mn) 688,972.4 Feb 2024 monthly Dec 1985 - Feb 2024
Domestic Credit Growth (%) 3.5 Feb 2024 monthly Dec 1986 - Feb 2024
Debt Service Ratio: Households (%) 19.500 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 34.300 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 414.690 Sep 2023 quarterly Mar 1975 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 1,108.913 Sep 2023 quarterly Dec 1953 - Sep 2023
Household Debt (USD mn) 463,793.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Total Loans (USD mn) 776,042.482 Dec 2023 monthly Mar 1996 - Dec 2023
Total Loans Growth (%) 4.57 Dec 2023 monthly Mar 1997 - Dec 2023
Private Debt: % of Nominal GDP (%) 118.20 Dec 2023 quarterly Mar 1996 - Dec 2023
Monetary Aggregates: Base Money (NOK mn) 69,307.000 Feb 2024 monthly Jan 1900 - Feb 2024
Official Reserve Assets (NOK mn) 863,407.000 Feb 2024 monthly Jan 1999 - Feb 2024
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 732,187.000 Mar 2024 monthly Jan 1999 - Mar 2024
Bank Deposits (NOK mn) 4,972,813.000 Feb 2024 monthly May 2009 - Feb 2024
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Loans: Banks (NOK mn) 4,927,383.000 Feb 2024 monthly Jan 1996 - Feb 2024
Non Performing Loans Ratio: Enterprises (%) 0.500 2022 yearly 1990 - 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.0 Mar 2024 monthly Feb 2005 - Mar 2024
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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