Balance of payments

05. March

Q4/2023

The current account deficit measured 28.6 b.kr. in Q4/2023. This represents a deterioration of 107.1 b.kr. relative to the previous quarter and of 0.3 b.kr. relative to the same quarter in 2022. There was a deficit on goods trade in the amount of 77.5 b.kr and a 28.5 b.kr. surplus on services trade. The surplus on primary income amounted to 34 b.kr., whereas there was a 13.5 b.kr. deficit on secondary income. The current account balance for 2023 as a whole showed a surplus of 41.4 b.kr., as compared with a deficit of 65.2 b.kr. in 2022. The deficit on goods trade totalled 290.6 b.kr., while the surplus on services trade totalled 288.3 b.kr. The surplus on primary income amounted to 94.8 b.kr., whereas there was a 51.2 b.kr. deficit on secondary income.

Time series of Balance of Payments were republished on 22nd March due to revisions of balance on goods, balance on primary income and financial account data of 2020. The current account balance for 2020 in total shows a surplus of 30.8 b.kr., compared to 26.2 b.kr. in previously published data.


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