Norway's current account services deficit narrowed to -2,161,306,468.98 in the second quarter of 2026, from -3,131,333,561.88 in the first quarter. The latest reading was also less negative than the -2,752,992,559.04 recorded a year earlier. It remains above the all-time low of -3,202,889,539.14 from the fourth quarter of 2019 and below the all-time high of 790,981,432.36 from the first quarter of 2005, according to the International Monetary Fund.

Norway Current Account Services Narrow in Q2

Tourism revenues rose to USD 2,827,688,057.663158 in the second quarter of 2026, from USD 2,079,328,076.791224 in the previous quarter. The quarterly figure remained below the all-time high of USD 4,030,000,000 reached in the third quarter of 2025, though it was up from USD 2,349,530,896.150114 a year earlier. Revenues over the past four quarters ranged from USD 1,665,094,028.373475 in the fourth quarter of 2025 to USD 4,030,000,000 in the third quarter of 2025. The series, which began in the first quarter of 1975, holds an all-time low of USD 51,886,886.59759462 from that period, according to the International Monetary Fund.

Norway Tourism Revenues Rise in Q2 2026

Norway's real GDP growth slowed to 1.60% in the second quarter of 2026, from a revised 1.91% in the previous quarter, according to the International Monetary Fund. This marks the third consecutive quarterly decline, with growth easing from 2.25% in the third quarter of 2025. The latest reading remains well above the year-ago figure of 0.19% but is far from the all-time high of 8.99% recorded in the first quarter of 1980. The current pace is also the lowest since the second quarter of 2025, when growth stood at 0.19%, though it stays above the series low of -3.62% seen in the fourth quarter of 2020, according to the IMF.

Norway Real GDP Growth Slows to 1.6%

Norway's consumer price inflation rose to 3.29% in August 2026, from 2.98% in July, according to the International Monetary Fund. The latest reading marks the second consecutive monthly increase, following a decline in June. Year-over-year inflation remains below the 3.51% recorded in August 2025. The all-time high for the series was 15.24% in January 1981, while the all-time low was -1.85% in January 2004. Producer prices rose 22.70% year-on-year in April 2026, the most recent available period for that series.

Norway Inflation Rate Rises to 3.29% in August

Norway's current account goods surplus rose to $26.92 billion in the second quarter of 2026, from $25.12 billion in the previous quarter. This marks the fourth consecutive quarterly increase, extending the rising streak. The latest figure remains well below the all-time high of $58.11 billion recorded in the third quarter of 2022, and above the year-ago level of $15.50 billion. The surplus has climbed steadily from $15.73 billion in the third quarter of 2025, according to the International Monetary Fund.

Norway Current Account Goods Rises to $26.9B

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