Secondary income balance (credit less debit), Net (credits less) in Norway
Norway: Secondary income balance (credit less debit), Net (credits less) was -7.26 billion in 2024. ▼ Falling
Secondary income balance (credit less debit), Net (credits less) in Norway, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for secondary income balance (credit less debit), net (credits less) in Norway is -7.26 billion, measured in 2024.
That represents a change of up 9.3% on the previous year and up 5.6% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Norway peaked at -2.63 billion in 2005 and was at its lowest, -8.50 billion, in 2021.
That places Norway 181st out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -2.63 billion | — |
| 2006 | -2.98 billion | +13.2% |
| 2007 | -3.61 billion | +21.1% |
| 2008 | -3.58 billion | -0.9% |
| 2009 | -4.58 billion | +28.1% |
| 2010 | -5.06 billion | +10.4% |
| 2011 | -5.73 billion | +13.2% |
| 2012 | -6.76 billion | +17.9% |
| 2013 | -7.92 billion | +17.1% |
| 2014 | -7.69 billion | -2.8% |
| 2015 | -6.86 billion | -10.8% |
| 2016 | -6.98 billion | +1.8% |
| 2017 | -6.79 billion | -2.8% |
| 2018 | -6.67 billion | -1.7% |
| 2019 | -6.70 billion | +0.3% |
| 2020 | -7.78 billion | +16.3% |
| 2021 | -8.50 billion | +9.2% |
| 2022 | -6.72 billion | -21.0% |
| 2023 | -8.00 billion | +19.2% |
| 2024 | -7.26 billion | -9.3% |
Norway compared with similar countries
- Norway's -7.26 billion is below the median for high income countries, which is -347.77 million, 20.9× the median. (72 countries reporting)
- Norway's -7.26 billion is below the median for Europe & Central Asia, which is -31.75 million, 228.8× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.48 billion | -4.58 billion | -2.63 billion | 5 |
| 2010s | -6.72 billion | -7.92 billion | -5.06 billion | 10 |
| 2020s | -7.65 billion | -8.50 billion | -6.72 billion | 5 |
Countries ranked near Norway
More financial sector data for Norway
- Reserve position in the IMF, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 242.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.82 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 176.9 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 242.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.82 % change on previous year (2025)
Frequently asked questions
- What is secondary income balance (credit less debit), net (credits less) in Norway?
- Secondary income balance (credit less debit), net (credits less) in Norway was -7.26 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Norway?
- The highest recorded value was -2.63 billion in 2005.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Norway?
- The lowest recorded value was -8.50 billion in 2021.
- How does Norway rank for secondary income balance (credit less debit), net (credits less)?
- Norway ranks 181st out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Norway?
- Over the last ten years it is up 5.6%. The long-run trend across the full record is falling.
- Where does this Norway data come from?
- The figures come from International Monetary Fund, published as part of Secondary income 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.