Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Norway
NORB6CATT00NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5,880,000,000.00
Year-over-Year Change
73400.00%
Date Range
1/1/1981 - 10/1/2024
Summary
The Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Norway measures the difference between Norway's capital inflows and outflows, providing insights into the country's international investment position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents Norway's capital account balance, which captures net transactions in financial assets and liabilities between Norway and the rest of the world. It is a key indicator of a country's international investment position and can inform economic policymaking.
Methodology
The data is collected by Norway's central bank and national statistical agency.
Historical Context
Policymakers and analysts use this data to assess Norway's external financial stability and guide decisions on exchange rate, interest rate, and capital controls policies.
Key Facts
- Norway's capital account balance was $5.63 billion in Q4 2022.
- The capital account represents about 10% of Norway's total balance of payments.
- Norway has historically run a surplus in its capital account due to its large sovereign wealth fund.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Norway measures the net transactions in financial assets and liabilities between Norway and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Norway's international investment position and can inform economic policymaking related to exchange rates, interest rates, and capital controls.
Q: How is this data collected or calculated?
A: The data is collected by Norway's central bank and national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Norway's external financial stability and guide decisions on exchange rate, interest rate, and capital controls policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, providing timely information on Norway's capital account balance.
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Citation
U.S. Federal Reserve, Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Norway (NORB6CATT00NCCUQ), retrieved from FRED.