Norway vs United Kingdom: Monetary Sector credit to private sector (% GDP)
Monetary Sector credit to private sector (% GDP) over time
- Norway
- United Kingdom
How they compare
United Kingdom currently reports 112.4% against 108.3% in Norway, a difference of 4.1%.
The two have swapped places 3 times across 65 shared years of data; in 1960 it was Norway ahead.
Norway ranks 19th and United Kingdom ranks 17th of 187 countries.
Across the 7 decades both report, Norway averaged higher in 2 and United Kingdom in 5.
Head to head by decade
| Decade | Norway | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 33.2% | 19.1% | 14.1% | Norway |
| 1970s | 32.9% | 27.1% | 5.8% | Norway |
| 1980s | 44.3% | 56.9% | 12.7% | United Kingdom |
| 1990s | 59.3% | 101.4% | 42.1% | United Kingdom |
| 2000s | 93.6% | 147.1% | 53.5% | United Kingdom |
| 2010s | 111.6% | 145.5% | 33.9% | United Kingdom |
| 2020s | 109.1% | 127.6% | 18.5% | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monetary sector credit to private sector, Norway or United Kingdom?
- United Kingdom, at 112.4% against 108.3% in Norway as of 2024.
- What is the difference in monetary sector credit to private sector between Norway and United Kingdom?
- 4.1%, with United Kingdom ahead.
- How many years of comparable data are there for Norway and United Kingdom?
- 65 years are reported by both, from 1960 to 2024.
- How do Norway and United Kingdom rank globally for monetary sector credit to private sector?
- Norway ranks 19th and United Kingdom ranks 17th of 187 countries.
- 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.