Norway vs Pacific island small states: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Norway
- Pacific island small states
How they compare
Norway currently reports 105.9% against 60.2% in Pacific island small states, a difference of 45.7%.
That makes Norway's figure about 1.8 times Pacific island small states's.
Across all 64 years both countries report, Norway has been ahead every year.
Norway ranks 19th and Pacific island small states ranks 17th of 187 countries.
Norway has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Norway | Pacific island small states | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 32.2% | 10.2% | 22.0% | Norway |
| 1970s | 32.4% | 14.8% | 17.6% | Norway |
| 1980s | 44.2% | 23.4% | 20.8% | Norway |
| 1990s | 59.3% | 31.0% | 28.3% | Norway |
| 2000s | 93.6% | 41.3% | 52.3% | Norway |
| 2010s | 111.6% | 51.5% | 60.1% | Norway |
| 2020s | 109.1% | 62.1% | 47.0% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Norway or Pacific island small states?
- Norway, at 105.9% against 60.2% in Pacific island small states as of 2024.
- What is the difference in domestic credit to private sector by banks between Norway and Pacific island small states?
- 45.7%, with Norway ahead.
- How many years of comparable data are there for Norway and Pacific island small states?
- 64 years are reported by both, from 1961 to 2024.
- How do Norway and Pacific island small states rank globally for domestic credit to private sector by banks?
- Norway ranks 19th and Pacific island small states ranks 17th of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector by banks (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.