Norway vs Philippines: Domestic credit provided by financial sector
Domestic credit provided by financial sector over time
- Norway
- Philippines
How they compare
Norway currently reports 125.4% against 104.5% in Philippines, a difference of 20.9%.
That makes Norway's figure about 1.2 times Philippines's.
Across all 8 years both countries report, Norway has been ahead every year.
Norway ranks 10th and Philippines ranks 13th of 65 countries.
Norway has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Norway | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 144.0% | 83.9% | 60.1% | Norway |
| 2020s | 128.7% | 99.7% | 29.0% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit provided by financial sector, Norway or Philippines?
- Norway, at 125.4% against 104.5% in Philippines as of 2024.
- What is the difference in domestic credit provided by financial sector between Norway and Philippines?
- 20.9%, with Norway ahead.
- How many years of comparable data are there for Norway and Philippines?
- 8 years are reported by both, from 2017 to 2024.
- How do Norway and Philippines rank globally for domestic credit provided by financial sector?
- Norway ranks 10th and Philippines ranks 13th of 65 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit provided by financial sector (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.