Goods balance (credit less debit), Net (credits less debits) in Norway
Norway: Goods balance (credit less debit), Net (credits less debits) was 64.54 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Norway, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Norway is 64.54 billion, measured in 2024.
Compared with earlier readings it is down 20.8% on the previous year and up 22.7% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Norway peaked at 167.41 billion in 2022 and was at its lowest, 2.07 billion, in 2020.
That places Norway 12th out of 198 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 48.64 billion | — |
| 2006 | 58.08 billion | +19.4% |
| 2007 | 57.49 billion | -1.0% |
| 2008 | 84.84 billion | +47.6% |
| 2009 | 48.69 billion | -42.6% |
| 2010 | 54.08 billion | +11.1% |
| 2011 | 73.76 billion | +36.4% |
| 2012 | 72.03 billion | -2.4% |
| 2013 | 63.70 billion | -11.6% |
| 2014 | 52.62 billion | -17.4% |
| 2015 | 27.49 billion | -47.8% |
| 2016 | 12.92 billion | -53.0% |
| 2017 | 23.20 billion | +79.6% |
| 2018 | 33.82 billion | +45.7% |
| 2019 | 15.79 billion | -53.3% |
| 2020 | 2.07 billion | -86.9% |
| 2021 | 75.60 billion | +3560.7% |
| 2022 | 167.41 billion | +121.4% |
| 2023 | 81.53 billion | -51.3% |
| 2024 | 64.54 billion | -20.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 59.55 billion | 48.64 billion | 84.84 billion | 5 |
| 2010s | 42.94 billion | 12.92 billion | 73.76 billion | 10 |
| 2020s | 78.23 billion | 2.07 billion | 167.41 billion | 5 |
Countries ranked near Norway
More financial sector data for Norway
- Net domestic credit (current LCU), per capita 1.08 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 12.01 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 3.18 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 55.94 billion SDR (2025)
- Reserves excluding gold 62.43 billion SDR (2025)
- Total reserves (gold at market value) 62.43 billion SDR (2025)
- Total reserves (gold at national valuation) 62.43 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 11,126 SDR per person (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Norway?
- Goods balance (credit less debit), net (credits less debits) in Norway was 64.54 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Norway?
- The highest recorded value was 167.41 billion in 2022.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Norway?
- The lowest recorded value was 2.07 billion in 2020.
- How does Norway rank for goods balance (credit less debit), net (credits less debits)?
- Norway ranks 12th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Norway?
- Over the last ten years it is up 22.7%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.