Assets, Claims on Private sector (OFCS) (Domestic currency) in Norway
Norway: Assets, Claims on Private sector (OFCS) (Domestic currency) was 991.34 billion in 2024. ◆ Volatile
Assets, Claims on Private sector (OFCS) in Norway, 2001–2024
Source: International Monetary Fund.
Analysis
Norway recorded 991.34 billion for assets, claims on private sector (ofcs) in 2024. That is the highest value across all 24 years on record.
That represents a change of up 1.2% on the previous year and up 67.4% over ten years.
Over the whole period, assets, claims on private sector (ofcs) in Norway peaked at 991.34 billion in 2024 and was at its lowest, 103.63 billion, in 2001.
That places Norway 19th out of 66 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Assets, Claims on Private sector (OFCS) (Domestic currency) in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 103.63 billion | — |
| 2002 | 105.19 billion | +1.5% |
| 2003 | 132.10 billion | +25.6% |
| 2004 | 149.64 billion | +13.3% |
| 2005 | 160.74 billion | +7.4% |
| 2006 | 179.70 billion | +11.8% |
| 2007 | 190.08 billion | +5.8% |
| 2008 | 456.94 billion | +140.4% |
| 2009 | 459.34 billion | +0.5% |
| 2010 | 471.06 billion | +2.6% |
| 2011 | 497.93 billion | +5.7% |
| 2012 | 523.94 billion | +5.2% |
| 2013 | 549.81 billion | +4.9% |
| 2014 | 592.11 billion | +7.7% |
| 2015 | 638.41 billion | +7.8% |
| 2016 | 687.74 billion | +7.7% |
| 2017 | 731.54 billion | +6.4% |
| 2018 | 766.53 billion | +4.8% |
| 2019 | 816.94 billion | +6.6% |
| 2020 | 870.75 billion | +6.6% |
| 2021 | 922.12 billion | +5.9% |
| 2022 | 964.98 billion | +4.6% |
| 2023 | 980.05 billion | +1.6% |
| 2024 | 991.34 billion | +1.2% |
Norway compared with similar countries
- Norway's 991.34 billion is above the median for high income countries, which is 129.40 billion, 7.7× the median. (19 countries reporting)
- Norway's 991.34 billion is above the median for Europe & Central Asia, which is 47.05 billion, 21.1× the median. (17 countries reporting)
Biggest year-on-year movements
Years where Assets, Claims on Private sector (OFCS) (Domestic currency) in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +140.4% | 190.08 billion | 456.94 billion |
| 2003 | +25.6% | 105.19 billion | 132.10 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 215.26 billion | 103.63 billion | 459.34 billion | 9 |
| 2010s | 627.60 billion | 471.06 billion | 816.94 billion | 10 |
| 2020s | 945.85 billion | 870.75 billion | 991.34 billion | 5 |
Countries ranked near Norway
More financial sector data for Norway
- Reserve position in the IMF, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 242.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.82 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 176.9 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 242.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.82 % change on previous year (2025)
Frequently asked questions
- What is assets, claims on private sector (ofcs) in Norway?
- Assets, claims on private sector (ofcs) in Norway was 991.34 billion in 2024, according to International Monetary Fund.
- What is the highest assets, claims on private sector (ofcs) recorded in Norway?
- The highest recorded value was 991.34 billion in 2024.
- What is the lowest assets, claims on private sector (ofcs) recorded in Norway?
- The lowest recorded value was 103.63 billion in 2001.
- How does Norway rank for assets, claims on private sector (ofcs)?
- Norway ranks 19th out of 66 countries with data for 2024.
- Is assets, claims on private sector (ofcs) rising or falling in Norway?
- Over the last ten years it is up 67.4%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from International Monetary Fund, published as part of Assets, Claims on Private sector (OFCS) (Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Other Financial Corporations (OFCs) dataset presents the balance sheet of OFCs highlighting their financial linkages with other economic sectors and nonresidents.