Norway - Current Account Balance





Norway: Current Account Balance

Mnemonic TAB.INOR
Unit Mil. NOK, NSA
Adjustments Not Seasonally Adjusted
Quarterly 67.61 %
Data 2020 Q2 20,482
2020 Q1 63,231

Series Information

Source Statistics Norway
Release Balance of Payments (Q)
Frequency Quarterly
Start Date 3/31/1981
End Date 6/30/2020

Norway: Trade

Reference Last Previous Units Frequency
Balance of Goods Aug 2020 -2,864,739 -2,130,776 Ths. NOK, NSA Monthly
Exports of Goods Aug 2020 57,031,523 58,369,184 Ths. NOK, NSA Monthly
Imports of Goods Aug 2020 59,896,262 60,499,960 Ths. NOK, NSA Monthly
Current Account Balance 2020 Q2 20,482 63,231 Mil. NOK, NSA Quarterly
Exports of Goods and Services 2020 Q2 263,110 320,136 Mil. NOK, CDASA Quarterly
Imports of Goods and Services 2020 Q2 264,303 304,730 Mil. NOK, CDASA Quarterly
Net Exports 2020 Q2 -1,193 15,406 Mil. NOK, CDASA Quarterly
Real Exports of Goods and Services 2019 Q1 278,747 272,745 Mil. Ch. 2016 NOK, CDASA Quarterly
Real Imports of Goods and Services 2019 Q1 279,971 273,356 Mil. Ch. 2016 NOK, CDASA Quarterly
Real Net Exports 2019 Q1 -1,224 -611 Mil. Ch. 2016 NOK, CDASA Quarterly

Release Information

The Balance of Payments statistics describe economic transactions between residents of Norway and non-residents. They are an integrated part of the National Accounts using the same principles and definitions, and give an exact mirror image of the sector "Rest of The World" in the National Accounts.

The Norwegian Balance of Payments is presented in accordance with the latest internationally approved guidelines, as specified in the IMF's "Balance of Payments Manual, 6th edition" (BPM6), which uses principles and definitions as per the UN-IMF manual "System of National Accounts 2008" (SNA 2008), and the EU's manual "European System of Accounts 2010" (ESA 2010).

The Balance of Payments consists of three main parts:

  • Current account - shows current transactions with the rest of the world: exports and imports of goods and services, compensation of employees, investment income and expenditure, current transfers.
  • Capital account - shows capital transactions
  • Financial account - records investment transactions in the form of purchases and sales of financial instruments.

Revised annual data are published about 11 months after the accounting year, and final annual data about 23 months after. Quarterly data are subsequently reconciled with the final annual data.