Balance of payments

Statistics

Cash flows between Norway and abroad
Shows Norwegian cross border payments made via Norwegian banks
External trade in goods, indices of volume and price
Measures the development in volume and price for exported and imported goods over time
International accounts - Statistics Norway
Supplies information on residents' economic transactions with non-residents

Analyses, articles and publications

Showing 6 of 6
  1. Substantial strengthening of the trade balance in the third quarter of 2022

    Norway’s current account balance skyrocketed during the third quarter of 2022. The current account balance showed a surplus of NOK 570 billion, an increase of NOK 248 billion compared to the previous quarter. Higher export revenues from crude oil and natural gas is the overriding reason for the large surplus. Particularly, the price of natural gas has been historically high. Additionally, petroleum export values were revised up for the previous two quarters. Norway’s net assets increased by 7 per cent during the third quarter in 2022. Record high net lending and a weaker Norwegian krone explains the increase.

  2. Improved balance of trade in first quarter 2022

    Norway’s current account balance posted a surplus of NOK 341 billion in the first quarter of 2022. Export revenues were primarily driven by higher prices for oil and natural gas.

  3. Oil and natural gas prices resulted in a record high current account surplus

    Norway’s current account balance posted a surplus of NOK 659 billion in 2021. In the fourth quarter alone, the surplus reached NOK 275 billion. This is the highest level of the current account balance ever measured. Norway’s net International investment position increased by almost NOK 2000 billion during the year 2021, resulting in net foreign assets of NOK 11 718 billion

  4. Record high current account balance in the third quarter of 2021

    In the third quarter of 2021, the Norwegian current account balance ended at NOK 158 billion, which is the highest level of the current account balance measured. This was mainly thanks to a large rise in the price of natural gas. The surplus on the goods and service balance was almost NOK 130 billion, while there was a surplus of NOK 28 billion on the balance of income and current transfers in the third quarter of 2021.

  5. High prices on crude oil and natural gas led to a large trade surplus

    In the second quarter of 2021, the Norwegian trade balance of goods and services ended at NOK 60 billion. This was mainly due to a large rise in the prices of crude oil and natural gas. There was a surplus of NOK 33 billion on the balance of income and current transfers in the second quarter of 2021. Net dividends from abroad were record high.

  6. High prices on crude oil and natural gas led to a large trade surplus

    In the first quarter of 2021, the Norwegian trade balance of goods and services ended at NOK 73 billion. This was mainly due to a large rise in the prices of crude oil and natural gas. There was also a surplus of NOK 21 billion on the balance of income and current transfers in first quarter of 2021. Dividends payed on direct investments in Norway were small at the same time as we received high dividends from abroad, especially through the Government Pension Fund Global.

Older analyses, articles and publications for subtopic Balance of payments.