Services balance (credit less debit), Net (credits less debits) in Norway
Norway: Services balance (credit less debit), Net (credits less debits) was -7.93 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Norway, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Norway stood at -7.93 billion.
Compared with earlier readings it is down 17.3% on the previous year and up 3.1% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Norway peaked at 705.87 million in 2005 and was at its lowest, -9.72 billion, in 2019.
That places Norway 176th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 705.87 million | — |
| 2006 | 336.25 million | -52.4% |
| 2007 | -3.44 billion | -1122.0% |
| 2008 | -5.07 billion | +47.5% |
| 2009 | -1.68 billion | -66.9% |
| 2010 | -3.62 billion | +116.0% |
| 2011 | -6.82 billion | +88.3% |
| 2012 | -6.03 billion | -11.6% |
| 2013 | -7.72 billion | +28.1% |
| 2014 | -8.19 billion | +6.1% |
| 2015 | -5.62 billion | -31.3% |
| 2016 | -6.88 billion | +22.5% |
| 2017 | -9.29 billion | +35.0% |
| 2018 | -8.75 billion | -5.8% |
| 2019 | -9.72 billion | +11.1% |
| 2020 | -5.41 billion | -44.3% |
| 2021 | -1.46 billion | -72.9% |
| 2022 | -4.19 billion | +185.7% |
| 2023 | -6.76 billion | +61.5% |
| 2024 | -7.93 billion | +17.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.83 billion | -5.07 billion | 705.87 million | 5 |
| 2010s | -7.26 billion | -9.72 billion | -3.62 billion | 10 |
| 2020s | -5.15 billion | -7.93 billion | -1.46 billion | 5 |
Countries ranked near Norway
More financial sector data for Norway
- Total reserves in months of imports, annual growth rate 0.629 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 0.1443 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1054 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 9,970 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 0.2122 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 11,126 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 0.2122 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 11,126 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Norway?
- Services balance (credit less debit), net (credits less debits) in Norway was -7.93 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Norway?
- The highest recorded value was 705.87 million in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Norway?
- The lowest recorded value was -9.72 billion in 2019.
- How does Norway rank for services balance (credit less debit), net (credits less debits)?
- Norway ranks 176th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Norway?
- Over the last ten years it is up 3.1%. 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 Services 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.