Current Account Balance: Norway
Norway's current account balance is currently 15.9 % of GDP as of 2026. # Norway Current Account Balance Norway's current account balance stands at 15.
Current (2026)
15.9 % of GDP
-1.9% y/y
Peak (2022)
29.6 % of GDP
Low (1986)
-6.2 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Norway
1980 — 2026
Current Account Balance — Norway
Analysis# Norway Current Account Balance
Norway's current account balance stands at 15.9% of GDP in 2026, reflecting a substantial surplus driven by the country's oil and gas exports. This figure remains well below the all-time peak of 29.6% recorded in 2022, yet dramatically exceeds the low of -6.2% from 1986. Since 1980, Norway's current account has improved by 835.3%, demonstrating a fundamental shift in the nation's external financial position over four decades.
The past decade reveals sharp volatility centered on the 2022 surge to 29.6%. Following that peak, the balance contracted to 17.4% in 2023 before stabilizing around 16% annually through 2026. This recent plateau suggests a normalization after the exceptional 2022 spike, likely reflecting moderating commodity prices after the energy crisis. Forward projections indicate the surplus will remain robust, maintaining Norway's position as one of the world's strongest current account performers.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 12.9 % of GDP | -5.15% |
| 2029 | 13.6 % of GDP | -4.90% |
| 2028 | 14.3 % of GDP | -5.30% |
| 2027 | 15.1 % of GDP | -5.03% |
| 2026 | 15.9 % of GDP | -1.85% |
| 2025 | 16.2 % of GDP | -2.99% |
| 2024 | 16.7 % of GDP | -4.02% |
| 2023 | 17.4 % of GDP | -41.22% |
| 2022 | 29.6 % of GDP | +98.66% |
| 2021 | 14.9 % of GDP | +1254.55% |
| 2020 | 1.1 % of GDP | -71.05% |
| 2019 | 3.8 % of GDP | -57.78% |
| 2018 | 9 % of GDP | +42.86% |
| 2017 | 6.3 % of GDP | +21.15% |
| 2016 | 5.2 % of GDP | -42.22% |
| 2015 | 9 % of GDP | -23.73% |
| 2014 | 11.8 % of GDP | +5.36% |
| 2013 | 11.2 % of GDP | -17.04% |
| 2012 | 13.5 % of GDP | +2.27% |
| 2011 | 13.2 % of GDP | +13.79% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 11.6 % of GDP | +2.65% |
| 2009 | 11.3 % of GDP | -29.81% |
| 2008 | 16.1 % of GDP | +27.78% |
| 2007 | 12.6 % of GDP | -24.10% |
| 2006 | 16.6 % of GDP | +1.22% |
| 2005 | 16.4 % of GDP | +30.16% |
| 2004 | 12.6 % of GDP | +3.28% |
| 2003 | 12.2 % of GDP | -1.61% |
| 2002 | 12.4 % of GDP | -21.52% |
| 2001 | 15.8 % of GDP | +8.22% |
| 2000 | 14.6 % of GDP | +175.47% |
| 1999 | 5.3 % of GDP | +1425.00% |
| 1998 | -0.4 % of GDP | -106.78% |
| 1997 | 5.9 % of GDP | -9.23% |
| 1996 | 6.5 % of GDP | +103.12% |
| 1995 | 3.2 % of GDP | +18.52% |
| 1994 | 2.7 % of GDP | +3.85% |
| 1993 | 2.6 % of GDP | -16.13% |
| 1992 | 3.1 % of GDP | -6.06% |
| 1991 | 3.3 % of GDP | +50.00% |
| 1990 | 2.2 % of GDP | +650.00% |
| 1989 | -0.4 % of GDP | +90.48% |
| 1988 | -4.2 % of GDP | +12.50% |
| 1987 | -4.8 % of GDP | +22.58% |
| 1986 | -6.2 % of GDP | -240.91% |
| 1985 | 4.4 % of GDP | -13.73% |
| 1984 | 5.1 % of GDP | +34.21% |
| 1983 | 3.8 % of GDP | +533.33% |
| 1982 | 0.6 % of GDP | -81.25% |
| 1981 | 3.2 % of GDP | +88.24% |
| 1980 | 1.7 % of GDP | — |
Related Data
Other Metrics
For Norway
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