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Record Balance of Payments

Thanks mostly to high oil prices, Norway's current account surplus in August was the highest ever for a single month.

The sum of Norway's international goods and services transactions, not including capital investments, was USD 2.1 billion (NOK 19.9 billion) in August 2000. Between January and August, the current account surplus was measured at a towering USD 11.8 billion (NOK 112.5 billion), as compared with USD 3.2 billion (NOK 30.3 billion) in the same period last year. Norway is the second largest exporter of oil in the world, after Saudi Arabia.