Norway current account to gdp

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

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


Norway current account to gdp Analytics & Data




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Norway current account to gdp

Date Values
2023-01-31 17.5
2022-01-31 29.5
2021-01-31 13.3
2020-01-31 1.1
2019-01-31 2.9
2018-01-31 7.9
2017-01-31 5.5
2016-01-31 4.5
2015-01-31 8
2014-01-31 10.8
2013-01-31 10.3
2012-01-31 12.6
2011-01-31 12.4
2010-01-31 10.8
2009-01-31 10.6
2008-01-31 15.6
2007-01-31 12.2
2006-01-31 16.1
2005-01-31 16.2
2004-01-31 12.4


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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 2023-01-31

Norway current account to gdp Factors

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What is the Norway current account to gdp

Norway Current Account to GDP:

The Norway Current Account to GDP is an important economic indicator that measures the country's current account balance as a percentage of its Gross Domestic Product (GDP). It provides valuable insights into the health and sustainability of Norway's international trade and financial position.

Interpreting the Current Account to GDP ratio is crucial in understanding the country's dependence on foreign trade and its ability to maintain a favorable balance of payments. A positive current account to GDP ratio signifies that the value of exports of goods, services, and investments is higher than imports, indicating a trade surplus. This surplus implies that Norway is earning more from foreign transactions than it is spending, which can contribute to economic growth and help strengthen the national currency.

On the other hand, a negative current account to GDP ratio represents a trade deficit. This indicates that Norway is importing more goods, services, and investments than it is exporting, which can put pressure on the domestic economy and potentially weaken the national currency.

The current account to GDP ratio can also provide insights into long-term trends and movements in the economy. For example, a significant increase in the ratio over time may indicate a shift towards an export-oriented economy, while a decreasing ratio may indicate a declining trade competitiveness or a shift towards a more import-driven economy.

To assist users in analyzing the Norway Current Account to GDP ratio, our webpage offers a comprehensive range of current and historical data, trends, signals, and analytics. Users can access charts and visual representations of the data to identify patterns and changes in the ratio over time. These charts can be customized and downloaded for further analysis or presentation purposes.

Additionally, our webpage also offers the option to export historical data for free. This enables users to conduct detailed analysis and combine the current account to GDP ratio with other relevant economic indicators to gain deeper insights into the country's economic performance.

For advanced analysis, users can leverage our MacroVar signals, trends, and analysis. These tools provide a comprehensive overview of the current account to GDP ratio in relation to other macroeconomic factors such as inflation, exchange rates, interest rates, and government policies. MacroVar signals help identify potential economic risks or opportunities and enable users to make more informed decisions.

In summary, our webpage provides a wide array of data and analytics related to the Norway Current Account to GDP ratio. It enables users to track the performance of this indicator, identify trends, and make informed decisions by combining it with other economic data. The availability of historical data, charts, and MacroVar signals further enhance the analytical capabilities, offering a holistic understanding of Norway's international trade and financial position.

Norway Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Oslo OBX OBX 1537.61 1 1 2.02844 58.2886 0.00666 0.01446 0.03309 0.10131
Norway ETF ENOR 22.3112 0 -0.75 -1.10115 44.253 0.0005 0.02087 0.00501 -0.03665
Norwegian Krone US Dollar (NOK/USD) NOKUSD 11.1556 0.5 1 1.83638 63.3968 -0.00263 -0.00398 0.01863 0.11507
Norway 10-Year Bond Yield NO.10Y 3.878 -1 0.75 0.96196 39.4094 -0.0288 -0.04764 -0.05782 0.21644
Norway 5-Year Bond Yield NO.5Y 3.926 -1 0.75 1.36032 41.9784 -0.00783 -0.02798 -0.05693 0.15132
Norway 2-year bond yield NO.2Y 3.18 0 0 0 0 0 0 0 0
Norway Yield Curve NO.YC -0.268 0.5 1 1.59644 51.8368 0.06773 0.03876 0.24074 -0.51184
Norway Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade no.balanceoftrade 86885 44043 97 -13 UP Down 57 2023-11-30
building permits no.buildingpermits 1925 2008 -4 -7 UP Down 52 2024-02-29
business confidence no.bizconfidence -4.9 -2.5 96 -229 Down Down 25 2023-12-31
capacity utilization no.caputilization 78.5 78.8 -0 3 Down UP 87 2023-06-30
capital flows no.capitalflows 197692 264687 -25 377 Down UP 85 2023-09-30
car registrations no.carregistrations 9336 8657 8 20 Down UP 83 2024-02-29
central bank balance sheet no.cb.assets 17776800 17112200 4 24 UP UP 92 2024-01-31
consumer confidence no.consconfidence -26.6 -29.7 -10 582 Down Down 93 2024-03-31
consumer price index cpi no.cpi 131.8 131.1 1 5 UP UP 72 2023-11-30
core inflation rate no.coreinflationrate 5.3 5.5 -4 -7 Down Down 30 2023-11-30
current account no.currentaccount 235311 193131 22 53502 Down UP 100 2023-12-31
current account to gdp no.currentaccountgdp 17.5 29.5 -41 41 UP UP 0 2023-01-31
deposit interest rate no.depositrate 2.75 2.75 0 1000 UP UP 0 2023-07-31
exports no.exports 174332 1321120 -87 0 Down UP 47 2023-10-31
external debt no.externaldebt 7819420 7519900 4 27 UP UP 68 2023-12-31
fiscal expenditure no.fiscalexp 457634 398217 15 16 UP UP 38 2023-12-31
foreign direct investment no.fdi -40783 -27111 50 -436 Down Down 12 2023-09-30
foreign exchange reserves no.fxreserves 863407 840044 3 1 UP UP 18 2024-04-30
gdp no.gdp 579.27 482.17 20 35 UP UP 0 2022-12-31
Real GDP no.realgdp 1110230 1116060 -1 24 UP UP 98 2023-09-30
gdp growth no.gdpgrowth 1.5 -0.4 -475 150 UP UP 88 2023-12-31
gdp growth annual no.gdpgrowthan 0.7 3.3 -79 -333 Down UP 10 2023-09-30
government budget no.govbudget 26 10.6 145 139 UP UP 0 2022-01-31
Government budget no.govbudgetvalue 179640 50027 259 -362 UP UP 14 2023-12-31
government debt no.govdebt 708529 796757 -11 11 Down UP 54 2023-12-31
government debt to gdp no.govdebtgdp 37.4 42.5 -12 -13 UP Down 0 2022-01-31
government revenues no.govrev 637274 448244 42 95 UP UP 95 2023-12-31
housing index no.housingindex 331 326.34 1 4 UP UP 54 2024-02-29
housing starts no.housingstarts 2022 2095 -3 -11 UP Down 43 2024-02-29
imports no.imports 87447 88076 -1 -5 UP Down 14 2023-10-31
industrial production no.indproduction -1 -6.2 -84 0 UP Down 0 2023-12-31
industrial production mom no.indproductionmm 2.1 1.6 31 -126 UP UP 52 2024-01-31
inflation cpi no.inflationcpi 4.8 4.8 0 -1900 Down Down 0 2024-01-22
interbank rate no.interbankrate 4.67 4.68 0 2 Down Down 8 2023-08-15
interest rate no.interestrate 3.75 3.75 0 200 UP UP 0 2023-07-31
lending rate no.lendingrate 4.75 4.75 0 111 UP UP 79 2023-07-31
loan growth no.loangrowth 3.5 3.7 -5 -34 Down Down 3 2024-01-31
loans to private sector no.loanprivate 2272180 2252040 1 3 UP UP 13 2024-02-29
long term unemployment rate no.ltunemploymentrate 0.4 0.6 -33 -56 Down Down 6 2021-12-31
Manufacturing PMI no.manpmi 51.9 51.1 2 10 UP UP 84 2024-02-29
money supply m0 no.msm0 69307 159193 -56 -2 Down Down 50 2024-02-29
money supply m1 no.msm1 2628090 2680820 -2 -6 Down Down 4 2024-02-29
money supply m2 no.msm2 3049290 3099860 -2 -1 Down Down 8 2024-02-29
new home sales no.newhomesales 6899 6757 2 2 Down UP 59 2024-02-29
Producer Price Index no.producerprices 109.1 111.9 -3 -37 Down Down 3 2024-02-29
PPI Index no.producerpricesch -12.9 -25.6 -50 2050 UP Down 98 2024-01-31
retail sales MoM no.retailsales -0.1 -1.1 -91 -111 UP Down 0 2024-01-31
retail sales no.retailsalesan -1.2 -0.1 1100 -80 UP UP 47 2024-01-31
unemployment rate no.unemploymentrate 3.5 3.6 -3 -27 Down Down 12 2023-08-31
youth unemployment rate no.ytunemploymentrate 10.8 12.4 -13 14 Down UP 80 2024-02-29