Cash flows between Norway and abroad

Updated: 24 August 2023

Next update: 23 November 2023

Change in ingoing value
Change in ingoing value
1st quarter 2023 - 2nd quarter 2023
External settlements between Norway and abroad for non-financial enterprises and private individuals
External settlements between Norway and abroad for non-financial enterprises and private individuals
NOK millionChange in per cent
2nd quarter 20231st quarter 2023 - 2nd quarter 20232nd quarter 2022 - 2nd quarter 2023
Incoming value1 194 559-6.8-0.8
Outgoing value1 105 231-3.97.2
Explanation of symbols

Selected tables and charts from this statistics

  • External settlements for non-financial enterprises and private individuals, by region
    External settlements for non-financial enterprises and private individuals, by region
    2nd quarter 2023ShareChange in per cent
    NOK millionPer cent1st quarter 2023 - 2nd quarter 20232nd quarter 2022 - 2nd quarter 2023
    Incoming value
    All countries1 194 559100.0-6.8-0.8
    Nordic countries except Norway460 19038.5-16.42.6
    EU countries excl. Nordic countries367 41830.8-3.1-24.1
    Rest of Europe189 12015.8-3.428.1
    Africa2 7780.25.159.3
    Asia38 6683.22.8-3.5
    Northern, Central America and the Caribbean129 69710.917.666.8
    South America, total2 9680.225.133.0
    Oceania3 7210.3-0.528.1
    Outgoing value
    All countries1 105 231100.0-3.97.2
    Nordic countries except Norway429 93738.9-9.614.1
    EU countries excl. Nordic countries351 33631.8-2.98.8
    Rest of Europe191 62217.34.91.7
    Africa5 6680.51.4-4.0
    Asia35 7683.2-7.3-7.1
    Northern, Central America and the Caribbean84 4997.64.1-7.7
    South America, total2 8180.342.1-6.8
    Oceania3 5830.33.63.8
    Explanation of symbols
  • External settlements between Norway and abroad for non-financial enterprises, by industry
    External settlements between Norway and abroad for non-financial enterprises, by industry
    2nd quarter 2023
    Incoming valueOutgoing value
    NOK millionPer centNOK millionPer cent
    Total1 181 231100.01 091 886100.0
    Agriculture, forestry and fishing22 1241.913 7351.3
    Mining and quarrying351 28229.7194 83717.8
    Manufacturing208 78517.7181 33116.6
    Electricity, gas and steam211 52217.9208 60819.1
    Water supply, sewerage, waste2 8580.21 8010.2
    Construction10 6080.915 1061.4
    Wholesale and retail trade: repair of motor vehicles and motorcycles135 99211.5192 69817.6
    Transportation and storage83 5707.163 2435.8
    Accommodation and food service activities8 3830.78 1610.7
    Information and communication56 2354.8107 0109.8
    Real estate activities13 6341.210 2730.9
    Professional, scientific and technical activities33 6932.938 9753.6
    Administrative and support service activities14 9131.318 7471.7
    Public administration and defence9 5330.817 3711.6
    Human health and social work activities4 3790.46 0230.6
    Arts, entertainment and recreation1 3300.12 0130.2
    Other service activities1 0890.11 7370.2
    Activities of extraterritorial organisations and bodies3040.0310.0
    Unknown industry10 0730.99 2010.8
    Explanation of symbols
  • Difference between incoming versus outgoing settlements in the last 5 quarters. Per cent
    Difference between incoming versus outgoing settlements in the last 5 quarters. Per cent
    2nd quarter 20223rd quarter 20224th quarter 20221st quarter 20232nd quarter 2023
    All countries16.919.58.511.48.1
    Nordic countries except Norway18.922.922.115.87.0
    EU countries excl. Nordic countries49.936.
    Rest of Europe-21.6-14.3-24.87.2-1.3
    Northern, Central America and the Caribbean-15.120.958.835.953.5
    South America, total-
    Explanation of symbols

About the statistics

The statistics show Norwegian cross border payments made via Norwegian banks. The source is the tax authority’s currency register. The population includes cross border bank transfers where the Norwegian party is a non-financial enterprise or a private person.

External settlement/cross border settlement

Transfer of money between Norway and abroad.

Financial enterprise

A financial enterprise is an enterprise in one of these three industries in Classification of Standard Industrial Classification

  • Industrial code 64: Financial service activities, except insurance and pension funding
  • Industrial code 65: Insurance, reinsurance and pension funding, except compulsory social activities
  • Industrial code 66: Activities auxiliary to financial services and insurance activities.

Non financial company

Enterprise with a two digit industrial code other than 64, 65 or 66. See Financial enterprise.

Norwegian/domestic resident

  • Legal persons registered as Norwegian, including foreign owned companies registered as Norwegian.
  • Foreign company's affiliates in Norway.
  • Physical persons permanently residing in Norway, regardless of citizenship.


  • Legal persons registered abroad, including Norwegian owned companies that are registered abroad.
  • Norwegian companies' affiliates abroad.
  • Physical persons permanently residing abroad, regardless of citizenship.

From Q1 2008 to Q4 2010, the statistics was classified according to the Standard Industrial Classification 2002 (SIC2002), which is a Norwegian adaptation of NACE Rev.1 (EUROSTAT). As from Q1 2011, the standard has been replaced by the Standard Industrial Classification 2007 (SIC2007), which is a Norwegian adaptation of NACE Rev. 2 (EUROSTAT). SIC2007 forms the basis for coding units according to principal activity in the Central Register of Establishments and Enterprises. The use of common standards is essential in enabling the comparison and analysis of statistical data at national/international level and over time.

Name: Cash flows between Norway and abroad
Topic: External economy

23 November 2023

Division for External Trade Statistics

National level.

Quarterly. Time for publication is around 50 days after the end of the quarter.

Not relevant

Collected and revised data are stored securely by Statistics Norway in compliance with applicable legislation on data processing.

Statistics Norway can grant access to the source data (de-identified or anonymised microdata) on which the statistics are based, for researchers and public authorities for the purposes of preparing statistical result and analyses. Access can be granted upon application and subject to conditions. Refer to the details about this at Access to data from Statistics Norway

The Register of Cross Border Transactions and Currency Exchange (The Currency Register) was established 01.01.2005. The register includes all boundary crossing settlements to and from Norway. The purpose of the register is first of all to be a controlling instrument to reveal cross border economical crime. The Norwegian Tax administration took over as the register owner from The Directorate of Customs and Excise in January 2016.

This statistics is based on information from the Currency Register. The purpose with the statistics is to indicate main features of cross border economical activity between Norway and foreign countries. The first statistical period was 1 quarter 2008.

As from first quarter 2011, this statistics will refer to SIC2007 (see paragraph 4.2) as the Standard Industrial Classification of Economic Activities. In particular, this affected enterprises which were not registered with financial activities in SIC2002, but were not so using SIC2007, and vice versa. Because of this change in standards, there are certain changes in values from previous publications before Q1 2011.

Data series are recalculated according to the 2007 version of SIC, and updated results from 2008 are available in Statbank Norway. Please note that publications prior to Q1 2011 will not be updated by the new Standard Industrial Classification of Economic Activities, and are therefore not directly comparable to articles published Q1 2011 and forward.

This statistics apply to private persons and institutions interested in achieving insight into economic activity between Norway and foreign countries.

No external users have access to the statistics before they are relased at 8 a.m. on after at least three months' advance notice in the Statistics Release Calendar. This is one of the most important principles in Statistics Norway for ensuring the equal treatement of users.

Not relevant

The statistics are developed, produced and disseminated pursuant to Act no. 32 of 21 June 2019 relating to offcial statistics and Statistics Norway (the Statistics Act).

The statistics are part of the national program for official statistics 2021-2023, main area Foreign economy, sub-area economic globalisation, Cash flows between Norway and aboard.

EØS-obligation: No

The settlements which this statistics is based on are reported to the register by Norwegian commercial banks. The population includes cross border bank transfers between Norway and other countries, where the Norwegian enterprises are classified as a non financial company (NACE 64, 65 and 66 are leaved out) or as a private person.

Enterprises that are classified in a different industry code other than 64-66, but mainly sharing characteristics of enterprises in these industries are also excluded.

The Norwegian Tax administration (The currency register).

The statistics are a count of all cross-border bank transfers via Norwegian banks between abroad and non-financial enterprises and private individuals in Norway, a total counting.

The statistics is register based. The respondents are obliged to transmit detailed information about their cross border bank transactions to the currency register. Statistics Norway receives extensions from the register about thirty days after the expiration of the reference month.

There are some minor checks for consistence in the currency register. The data are merged with Statistics Norway's business register for identification and implementation of industrial code, but otherwise we do not edit the data. Editing is defined here as checking, examining and amending data.

Level numbers estimated by summing up. The figures are dispersed on respectively private individuals and non financial enterprises, and also on continents. The figure for Europe are further spread on the North, EU except Nordic countries, and the rest of Europe.

Not relevant

Employees of Statistics Norway have a duty of confidentiality.

Statistics Norway does not publish figures if there is a risk of the respondent’s contribution being identified. This means that, as a general rule, figures are not published if fewer than three units form the basis of a cell in a table or if the contribution of one or two respondents constitutes a very large part of the cell total.

Statistics Norway can make exceptions to the general rule if deemed necessary to meet the requirements of the EEA agreement, if the respondent is a public authority, if the respondent has consented to this, or when the information disclosed is openly accessible to the public.

More information can be found on Statistics Norway’s website under Methods in official statistics, in the ‘Confidentiality’ section.

Due to the UK's withdrawal from the EU was formally completed on the 1 February 2020, there was a change in the statistics “Cash flows between Norway and abroad”. The UK has been moved from the region 'EU countries outside the Nordic countries' to the region 'Rest of Europe'. For the first quarter of 2020, bank transactions between Norway and the UK, which were completed in January, are registered in the region 'EU countries outside the Nordic countries'. Bank transactions between Norway and the UK as of 1 February 2020 are registered to the region 'Rest of Europe'.

The statistics was published for the first time first quarter of 2008. A set of standard tables make it possible to identify tendencies over time.

SIC2007 replaced SIC2002 as standard in Q1 2010. Time series from 2008 has been recalculated based on SIC2007, and are available in StatBank Norway.

Users of the data must ensure they use results based on the same version of SIC when making comparisons over time. Articles written prior to 2011 will not be updated by this new standard, and are therefore not directly comparable to articles from Q1 2011 and onwards.

The reporters may supply the currency register with incorrect information.

Big transactions may by accident be missing.

The statistics is a total count.

Enterprises may be classified with incorrect industrial code in the business register of Statistics Norway.

In the year 2005, several reporting entities did not give full reports to the Currency Register. SSB's data for this year will therefore not be disclosed for research purposes. The data for 2006 and 2007 are also somewhat incomplete, but better than in 2005, data for 2006 and 2007 can therefore be released for research purposes. From year 2008, we consider that the data is complete, se also other reservations.

Not relevant

A revision is a planned change to figures that have already been published, for example when releasing final figures as a follow-up to published preliminary figures. See also Statistics Norway's principles for revisions