Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Norway
NORB6CATT01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,000,000.00
Year-over-Year Change
261.54%
Date Range
1/1/2012 - 4/1/2024
Summary
This economic trend measures Norway's balance of payments related to the acquisition and disposal of nonproduced nonfinancial assets. It is an important indicator of a country's trade and investment activities.
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
The Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Norway tracks the net revenue from transactions involving the purchase and sale of intangible assets such as patents, copyrights, and trademarks. This metric provides insight into Norway's international investment and trade dynamics.
Methodology
The data is collected and calculated by Norway's national statistical agency based on balance of payments reporting.
Historical Context
This trend is used by economists and policymakers to analyze Norway's trade performance and international competitiveness.
Key Facts
- Norway is a major global exporter of oil, gas, and other natural resources.
- The balance of payments measures a country's economic transactions with the rest of the world.
- Nonproduced nonfinancial assets include patents, copyrights, and other intangible property.
FAQs
Q: What does this economic trend measure?
A: This trend measures Norway's balance of payments related to the acquisition and disposal of intangible assets such as patents, copyrights, and trademarks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Norway's international investment and trade dynamics, which is important for understanding the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Norway's national statistical agency based on balance of payments reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze Norway's trade performance and international competitiveness, which can inform economic policies and strategies.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting and publication of this data, and the availability and reliability of the information may be subject to certain limitations.
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Citation
U.S. Federal Reserve, Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Norway (NORB6CATT01NCCUQ), retrieved from FRED.