Norway vs Sweden: Private credit by deposit money banks and other financial

Norway
143.6%
in 2021
Sweden
135.7%
in 2021
Norway rank
13th
Sweden rank
16th

Private credit by deposit money banks and other financial over time

  • Norway
  • Sweden
50100150196019902021

How they compare

Norway currently reports 143.6% against 135.7% in Sweden, a difference of 7.9%.

That makes Norway's figure about 1.1 times Sweden's.

The two have swapped places 6 times across 62 shared years of data; in 1960 it was Norway ahead.

Norway ranks 13th and Sweden ranks 16th of 187 countries.

Across the 7 decades both report, Norway averaged higher in 3 and Sweden in 4.

Head to head by decade

Decade Norway Sweden Difference Ahead
1960s 50.3% 49.6% 0.7% Norway
1970s 53.4% 67.8% 14.4% Sweden
1980s 62.0% 80.1% 18.1% Sweden
1990s 73.8% 101.0% 27.2% Sweden
2000s 94.6% 98.0% 3.5% Sweden
2010s 135.7% 128.4% 7.3% Norway
2020s 154.8% 136.7% 18.1% Norway

Averages of every year both report within each decade.

Frequently asked questions

Which has higher private credit by deposit money banks and other financial, Norway or Sweden?
Norway, at 143.6% against 135.7% in Sweden as of 2021.
What is the difference in private credit by deposit money banks and other financial between Norway and Sweden?
7.9%, with Norway ahead.
How many years of comparable data are there for Norway and Sweden?
62 years are reported by both, from 1960 to 2021.
How do Norway and Sweden rank globally for private credit by deposit money banks and other financial?
Norway ranks 13th and Sweden ranks 16th of 187 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Norway vs Sweden: Private credit by deposit money banks and other financial. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 18 September 2026, from https://financial-sector.statizoid.com/compare/private-credit-by-deposit-money-banks-and-other-financial-institutions-to-gdp-percent/norway/sweden/

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About this data

Indicator
Private credit by deposit money banks and other financial institutions to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
187 places, 8,619 data points, 1960–2021
Last refreshed

Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)