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External economy: Balance of payments

All content for subtopic balance of payments

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  • Still a surplus in the balance of goods and services

    The surplus in the balance of goods and services amounted to NOK 2 billion in the third quarter, as a result of a positive balance of goods of NOK 26 billion and a negative balance of services of NOK 24 billion.

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  • Decrease in inward and outward settlement flows

    Incoming bank settlement flows was almost unchanged from the second quarter of 2017 to the third quarter of 2017. Outgoing settlement decreased from the previous quarter; slightly down by 16 billion¹.

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  • Trade deficit

    For the third time in the last five quarters, Norway had a negative balance of goods and services. This is the third time since the start of the 21st century that Norway experience a trade deficit.

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  • Decrease in inward settlement flows

    Incoming bank settlement flows decreased by NOK 10 billion from the first quarter of 2017 to the second quarter of 2017. Outgoing settlement were steady from the previous quarter with an increase of 3 billion.

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  • Increase in current account surplus

    A higher balance of goods and services’ surplus and a somewhat stable investment income from abroad gave a strong current account balance for Norway in the 1st quarter of 2017.

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  • Decrease in settlement flows

    Both incoming and outgoing bank settlement flows decreased from the fourth quarter of 2016 to the first quarter of 2017.

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