Assets, Claims on State and Local Governments (OFCS) in Norway
Norway: Assets, Claims on State and Local Governments (OFCS) was 255.50 billion in 2024. ◆ Volatile
Assets, Claims on State and Local Governments (OFCS) in Norway, 2001–2024
Source: International Monetary Fund.
Analysis
In 2024, assets, claims on state and local governments (ofcs) in Norway stood at 255.50 billion. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 11.1% on the previous year and up 135.4% over ten years.
Over the whole period, assets, claims on state and local governments (ofcs) in Norway peaked at 255.50 billion in 2024 and was at its lowest, 0, in 2001.
That places Norway 6th out of 66 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Assets, Claims on State and Local Governments (OFCS) in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 0 | — |
| 2002 | 0 | — |
| 2003 | 0 | — |
| 2004 | 0 | — |
| 2005 | 0 | — |
| 2006 | 0 | — |
| 2007 | 0 | — |
| 2008 | 63.43 billion | — |
| 2009 | 70.84 billion | +11.7% |
| 2010 | 79.64 billion | +12.4% |
| 2011 | 87.47 billion | +9.8% |
| 2012 | 95.82 billion | +9.5% |
| 2013 | 114.33 billion | +19.3% |
| 2014 | 108.54 billion | -5.1% |
| 2015 | 120.32 billion | +10.9% |
| 2016 | 134.29 billion | +11.6% |
| 2017 | 136.40 billion | +1.6% |
| 2018 | 150.49 billion | +10.3% |
| 2019 | 165.66 billion | +10.1% |
| 2020 | 173.75 billion | +4.9% |
| 2021 | 186.59 billion | +7.4% |
| 2022 | 205.54 billion | +10.2% |
| 2023 | 229.95 billion | +11.9% |
| 2024 | 255.50 billion | +11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.92 billion | 0 | 70.84 billion | 9 |
| 2010s | 119.29 billion | 79.64 billion | 165.66 billion | 10 |
| 2020s | 210.27 billion | 173.75 billion | 255.50 billion | 5 |
Countries ranked near Norway
- 3 Argentina 1.34 trillion compare
- 4 Kazakhstan 1.24 trillion compare
- 5 Nigeria 370.48 billion compare
- 7 Canada 67.07 billion compare
- 8 South Africa 35.35 billion compare
- 9 New Zealand 6.96 billion compare
More financial sector data for Norway
- Net domestic credit (current LCU), per capita 1.08 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 12.01 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 3.18 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 55.94 billion SDR (2025)
- Reserves excluding gold 62.43 billion SDR (2025)
- Total reserves (gold at market value) 62.43 billion SDR (2025)
- Total reserves (gold at national valuation) 62.43 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 11,126 SDR per person (2025)
Frequently asked questions
- What is assets, claims on state and local governments (ofcs) in Norway?
- Assets, claims on state and local governments (ofcs) in Norway was 255.50 billion in 2024, according to International Monetary Fund.
- What is the highest assets, claims on state and local governments (ofcs) recorded in Norway?
- The highest recorded value was 255.50 billion in 2024.
- What is the lowest assets, claims on state and local governments (ofcs) recorded in Norway?
- The lowest recorded value was 0 in 2001.
- How does Norway rank for assets, claims on state and local governments (ofcs)?
- Norway ranks 6th out of 66 countries with data for 2024.
- Is assets, claims on state and local governments (ofcs) rising or falling in Norway?
- Over the last ten years it is up 135.4%. 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 State and Local Governments (OFCS) (Domestic currency). Statizoid updates them automatically from the source API.
Download this data
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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.