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Norway – Current Account Balance

Name: Norway Current Account Balance
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Current account balance as a share of GDP. Summarizes net trade in goods, services, income, and transfers with the rest of the world. · World Bank

14.82% −2.60% from 2023 Global rank: 144th · all-time high: 28.63% (2022)

Norway's current account balance was 14.82% in 2024, a decrease of +2.60% from 17.41% in 2023. This ranked 144th globally. The all-time high was 28.63% in 2022.

APA

Norway Current Account Balance. HistorySaid. Retrieved March 12, 2026, from https://historysaid.com/norway/current-account

BibTeX

@misc{historysaid_norway_current-account,
  title = {Norway Current Account Balance},
  url = {https://historysaid.com/norway/current-account},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Norway Current Account Balance – Historical Data
Year	Value	Change	Rank
2030* IMF	12.90%	–	–
2029* IMF	13.56%	–	–
2028* IMF	14.31%	–	–
2027* IMF	15.08%	–	–
2026* IMF	15.86%	–	–
2025* IMF	16.19%	–	–
2024	14.82%	−2.60%	144th
2023	17.41%	−11.21%	167th
2022	28.63%	+13.83%	175th
2021	14.80%	+13.65%	171st
2020	1.15%	−1.77%	123rd
2019	2.92%	−5.03%	141st
2018	7.95%	+2.56%	163rd
2017	5.39%	+1.41%	161st
2016	3.98%	−4.03%	163rd
2015	8.01%	−2.94%	171st
2014	10.95%	+0.79%	171st
2013	10.16%	−2.22%	170th
2012	12.38%	−0.87%	170th
2011	13.25%	+1.60%	172nd
2010	11.66%	+0.02%	170th
2009	11.64%	−4.04%	173rd
2008	15.68%	+3.33%	167th
2007	12.35%	−3.77%	158th
2006	16.12%	−0.00%	161st
2005	16.12%	+3.68%	161st
2004	12.44%	+0.37%	149th
2003	12.07%	−0.31%	147th
2002	12.39%	−3.42%	151st
2001	15.81%	+1.18%	145th
2000	14.63%	+9.17%	141st
1999	5.46%	+5.45%	130th
1998	0.00%	−6.22%	112th
1997	6.22%	−0.49%	139th
1996	6.71%	+3.27%	137th
1995	3.44%	+0.48%	126th
1994	2.96%	+0.04%	123rd
1993	2.92%	−0.50%	123rd
1992	3.42%	−0.71%	119th
1991	4.12%	+0.80%	121st
1990	3.33%	+3.11%	113th
1989	0.22%	+4.03%	98th
1988	-3.82%	+0.53%	49th
1987	-4.35%	+1.39%	45th
1986	-5.75%	−10.38%	32nd
1985	4.63%	−0.01%	119th
1984	4.64%	+1.47%	115th
1983	3.17%	+2.15%	111th
1982	1.02%	−2.34%	107th
1981	3.36%	+1.69%	109th
1980	1.67%	+3.65%	98th
1979	-1.97%	+2.58%	61st
1978	-4.55%	+7.62%	40th
1977	-12.17%	−1.75%	7th
1976	-10.42%	−2.89%	6th
1975	-7.54%	–	11th

Show all years (1975–2024)

* IMF World Economic Outlook projection

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +12.0% GDP growth 3.9% C/A balance 14.8%

This pattern occurred 682 times in history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Norway matched the Export Boom Cycle pattern in 2021. Historically, 67% of countries showing this pattern (460 out of 682) saw current account balance improve within 24 months. View full analysis →