Latin America & Caribbean vs Norway: Monetary Sector credit to private sector
Monetary Sector credit to private sector over time
- Latin America & Caribbean
- Norway
How they compare
Norway currently reports 106.0% against 48.2% in Latin America & Caribbean, a difference of 57.8%.
That makes Norway's figure about 2.2 times Latin America & Caribbean's.
The two have swapped places 6 times across 63 shared years of data; in 1960 it was Norway ahead.
Latin America & Caribbean ranks 23rd and Norway ranks 21st of 47 groups.
Norway has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 16.4% | 33.2% | 16.8% | Norway |
| 1970s | 29.9% | 32.9% | 3.0% | Norway |
| 1980s | 38.2% | 41.2% | 3.0% | Norway |
| 1990s | 33.0% | 59.3% | 26.4% | Norway |
| 2000s | 26.0% | 93.6% | 67.6% | Norway |
| 2010s | 43.5% | 111.6% | 68.1% | Norway |
| 2020s | 47.5% | 109.1% | 61.7% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monetary sector credit to private sector, Latin America & Caribbean or Norway?
- Norway, at 106.0% against 48.2% in Latin America & Caribbean as of 2024.
- What is the difference in monetary sector credit to private sector between Latin America & Caribbean and Norway?
- 57.8%, with Norway ahead.
- How many years of comparable data are there for Latin America & Caribbean and Norway?
- 63 years are reported by both, from 1960 to 2024.
- How do Latin America & Caribbean and Norway rank globally for monetary sector credit to private sector?
- Latin America & Caribbean ranks 23rd and Norway ranks 21st of 47 groups.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Monetary Sector credit to private sector (% 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 refers to financial resources provided to the private sector, 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.