Terms of Trade in Norway increased to 96.52 points in the first quarter of 2020 from 94.46 points in the fourth quarter of 2019.

Terms of Trade in Norway averaged 93.92 points from 1980 until 2020, reaching an all time high of 115.90 points in the second quarter of 2006 and a record low of 75.84 points in the first quarter of 1983. This page provides - Norway Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Terms of Trade - values, historical data and charts - was last updated on July of 2020. source: Statistics Norway

Terms of Trade in Norway is expected to be 108.87 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Terms of Trade in Norway to stand at 109.05 in 12 months time. In the long-term, the Norway Terms of Trade is projected to trend around 109.05 points in 2021, according to our econometric models.

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Norway Terms of Trade

Actual Previous Highest Lowest Dates Unit Frequency
96.52 94.46 115.90 75.84 1980 - 2020 points Quarterly
NSA, 2000=100

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade -1160.59 3631.35 48677.18 -5680.00 NOK Million [+]
Current Account 66078.00 25059.00 122730.00 -16125.00 NOK Million [+]
Current Account to GDP 7.10 4.60 16.20 -6.10 percent [+]
Imports 57397.30 55431.14 83879.95 696.00 NOK Million [+]
Exports 56236.71 59062.49 98223.26 449.00 NOK Million [+]
External Debt 6638702.00 5733170.00 6638702.00 0.00 NOK Million [+]
Terms of Trade 96.52 94.46 115.90 75.84 points [+]
Capital Flows 98918.00 -98137.00 189108.00 -98137.00 NOK Million [+]
Crude Oil Production 1735.00 1790.00 3417.00 2.00 BBL/D/1K [+]
Oil Exports 16234.00 13649.00 37132.00 0.00 NOK Million [+]
Terrorism Index 0.08 0.15 4.71 0.00 [+]
Weapons Sales 64.00 153.00 278.00 1.00 USD Million [+]
Foreign Direct Investment -62104.00 103965.00 118173.00 -220006.00 NOK Million [+]


Norway Terms of Trade
In Norway, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods.