Mongolia vs Norway: Loans from nonresident banks (amounts outstanding) to GDP
Mongolia
54.5%
in 2021
Norway
54.7%
in 2021
Mongolia rank
27th
Norway rank
25th
Loans from nonresident banks (amounts outstanding) to GDP over time
- Mongolia
- Norway
How they compare
Norway currently reports 54.7% against 54.5% in Mongolia, a difference of 0.2%.
The two have swapped places 4 times across 20 shared years of data; in 2002 it was Norway ahead.
Mongolia ranks 27th and Norway ranks 25th of 136 countries.
Norway has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Mongolia | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 4.6% | 31.7% | 27.1% | Norway |
| 2010s | 34.3% | 54.2% | 19.9% | Norway |
| 2020s | 59.2% | 63.8% | 4.6% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Mongolia or Norway?
- Norway, at 54.7% against 54.5% in Mongolia as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Mongolia and Norway?
- 0.2%, with Norway ahead.
- How many years of comparable data are there for Mongolia and Norway?
- 20 years are reported by both, from 2002 to 2021.
- How do Mongolia and Norway rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Mongolia ranks 27th and Norway ranks 25th of 136 countries.
- Where does this data come from?
- Bank for International Settlements (BIS), published as Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.