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Norway - Current account balance as a share of GDP

5.5 (%) in 2017

Current account balance as a share of GDP of Norway soared by 45.33% from 3.8 % in 2016 to 5.5 % in 2017. Since the 24.84% drop in 2015, current account balance as a share of GDP sank by 30.20% in 2017.

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What is current account balance as a share of GDP?

Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

What is Norway current account balance as a share of GDP?

Date Value Change, %
2017 5.5 45.33%
2016 3.8 -51.97%
2015 7.9 -24.84%
2014 10.5 2.50%
2013 10.3 -17.85%
2012 12.5 0.95%
2011 12.4 13.03%
2010 10.9 2.01%
2009 10.7 -31.44%
2008 15.7 28.01%
2007 12.2 -24.29%
2006 16.1

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