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NOK 17.8 billion in current account surplus
statistikk
2005-03-08T10:00:00.000Z
External economy;National accounts and business cycles;External economy
en
ur, International accounts, current account balance, direct investments, operational and capital accounts, financial accounts, investment abroad, foreign investment, transactions, stocks, financial assets, liabilities, portofolio investment, financial investments, revaluations, current account balance, balance of income and current transfers, reinvested earnings, net assets, BOP geographical breakdown, balance of goods, balance of services, BOP, IIP, balance of payments, international investment positionBalance of payments, National accounts , Foreign assets and liabilities , National accounts and business cycles, External economy
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International accounts, December 2004

Variants of the statistics:

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NOK 17.8 billion in current account surplus

Norway had a current account surplus of NOK 17.8 billion in December 2004, compared with a surplus of NOK 21.7 billion in November 2004. In December 2003 the surplus came to NOK 18 billion.

Current account balance. 2002-2004

Quarterly Balance of payments statistics

From the first quarter of 2005, the Norwegian Balance of payments statistics will be published on a quarterly basis. This is due to a change in the data collection system from a collection model based on bank settlements data to a system of quarterly direct reporting from enterprises.

The surplus in trade of goods and services amounted to NOK 17.3 billion in December 2004. The balance of goods ended at NOK 15.1 billion, while the balance of services ended at NOK 2.3 billion. In December 2003 the goods and services balance had a surplus of NOK 21.1 billion. The balance of goods decreased by NOK 3.3 billion from December 2003 till December 2004, while the balance of services decreased by NOK 0.4 billion.

The total value of exports increased by NOK 4.7 billion from December 2003 till December last year, while the total imports increased by NOK 8.5 billion.

Balance of income and current transfers. 2002-2004

The balance of income and current transfers is estimated at a surplus of NOK 0.4 billion for December 2004. The corresponding month in 2003, came to a deficit of NOK 3.1 billion.

Preliminary figures show that Norway's net external assets increased by NOK 40.7 billion in December 2004, and were estimated at NOK 1 096.4 billion at the end of the year.

Balance of Payments. January-December. 2003 and 2004.
NOK billion
  December January-December
  2003 2004 2003 2004
Balance of goods and services 21.1      17.3      211.8      239.0
Balance of income and current transfers -3.1 0.4 -11.5 -7.7
Current account balance 18.0 17.8  200.3  231.2
Capital transfers to abroad, net 0.2 0.3 -4.7 1.0
Net lending 17.8 17.5  205.1  230.2
Revaluations, net 25.6 23.3 94.1 27.2
Increase in Norway`s net assets 43.4 40.7  299.1  257.4