Most notable about the account balance in the Nordic countries is the rapid increase in Norway since 2020, rising from 1.1 percent in 2020 to over 30 percent in 2022. The account balance of the other four countries was more stable, with Finland and Iceland both having a negative balance in 2022 and 2023.
Current account balance in the Nordic countries from 2013 to 2023, by country
(in percent of GDP)
The source adds the following information:
The current account is the record of all transactions in the balance of payments covering the exports and imports of goods and services, payments of income, and current transfers between residents of a country and nonresidents.
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IMF. (October 10, 2023). Current account balance in the Nordic countries from 2013 to 2023, by country (in percent of GDP) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1275121/current-account-balance-nordic-countries/
IMF. "Current account balance in the Nordic countries from 2013 to 2023, by country (in percent of GDP)." Chart. October 10, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1275121/current-account-balance-nordic-countries/
IMF. (2023). Current account balance in the Nordic countries from 2013 to 2023, by country (in percent of GDP). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1275121/current-account-balance-nordic-countries/
IMF. "Current Account Balance in The Nordic Countries from 2013 to 2023, by Country (in Percent of Gdp)." Statista, Statista Inc., 10 Oct 2023, https://www.statista.com/statistics/1275121/current-account-balance-nordic-countries/
IMF, Current account balance in the Nordic countries from 2013 to 2023, by country (in percent of GDP) Statista, https://www.statista.com/statistics/1275121/current-account-balance-nordic-countries/ (last visited November 21, 2024)
Current account balance in the Nordic countries from 2013 to 2023, by country (in percent of GDP) [Graph], IMF, October 10, 2023. [Online]. Available: https://www.statista.com/statistics/1275121/current-account-balance-nordic-countries/
