Norway current account

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Norway current account: 225471 (-2.93%)
Last Update: September 30, 2024

Norway current account closed down 225471 as of September 30, 2024 from 232276 from the previous month and 392890 from last year.


Norway current account Analytics & Data




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Norway current account

Date Values
2024-09-30 225471
2024-06-30 232276
2024-03-31 238325
2023-12-31 243370
2023-09-30 193048
2023-06-30 175959
2023-03-31 303428
2023-03-30 279690
2022-12-31 343115
2022-12-30 359259
2022-09-30 587863
2022-06-30 344547
2022-03-31 392890
2022-03-30 341055
2021-12-31 226347
2021-12-30 269482
2021-09-30 153096
2021-06-30 112276
2021-03-31 103688
2021-03-30 94301
2020-12-31 439
2020-12-30 9280
2020-09-30 17328
2020-06-30 20482

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Norway current account Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account no.currentaccount 225471.0 232276 -3 -43 Down Down 26 2024-09-30

Norway current account Quantitative Analysis, Charts & Factors

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Norway current account Historical Data

The MacroVar database offers free access to historical data for the Norway current account, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Norway current account data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Norway current account

The current account of Norway refers to the total balance of trade in goods and services, as well as net income and transfer payments. A positive current account balance indicates that Norway is exporting more goods and services than it is importing, therefore generating a surplus. This surplus can be beneficial for the country as it can help increase foreign exchange reserves and strengthen the economy. On the other hand, a negative current account balance indicates that Norway is importing more than it is exporting, which can lead to a decrease in foreign exchange reserves and potentially weaken the economy. Monitoring the current account balance is important for policymakers to assess the overall health of the economy and make necessary adjustments to maintain stability.

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