Norway current account to gdp

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Norway current account to gdp: 17.5 (-40.68%)
Last Update: December 31, 2023

Norway current account to gdp closed down 17.5 as of December 31, 2023 from 29.5 from the previous month and 12.4 from last year.


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Norway current account to gdp

Date Values
2023-12-31 17.5
2022-12-31 29.5
2021-12-31 13.6
2020-12-31 1.1
2019-12-31 4.1
2018-12-31 7.1
2017-12-31 4.6
2016-12-31 4.5
2015-12-31 8
2014-12-31 10.8
2013-12-31 10.3
2012-12-31 12.6
2011-12-31 12.4
2010-12-31 10.8
2009-12-31 10.6
2008-12-31 15.6
2007-12-31 12.2
2006-12-31 16.1
2005-12-31 16.2
2004-12-31 12.4
2003-12-31 12.3
2002-12-31 12.7
2001-12-31 15.3
2000-12-31 15.5

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Norway current account to gdp Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account to gdp no.currentaccountgdp 17.5 29.5 -41 41 UP UP 0 2023-12-31

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Norway current account to gdp Historical Data

The MacroVar database offers free access to historical data for the Norway current account to gdp, 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 to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Norway current account to gdp

Norway's current account to GDP ratio is an important economic indicator that measures the country's balance of trade and financial transactions with the rest of the world relative to the size of its economy. A positive current account to GDP ratio indicates that Norway is exporting more goods and services than it is importing, leading to a surplus in its current account. This surplus can be used to invest in foreign assets, pay off foreign debts, or save for future investments. A high current account to GDP ratio is generally seen as a positive sign of economic strength and stability, as it demonstrates that the country is able to generate income from its exports and maintain a healthy balance in its international trade relations.

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