Bank credit to bank deposits in Norway
Norway: Bank credit to bank deposits was 175.1% in 2021. ▲ Rising
Bank credit to bank deposits in Norway, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank credit to bank deposits in Norway stood at 175.1%.
Compared with earlier readings it is down 5.3% on the previous year and down 10.0% over ten years.
Over the whole period, bank credit to bank deposits in Norway peaked at 208.4% in 2015 and was at its lowest, 69.9%, in 1979.
Norway ranks 5th of 186 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 62 years of available data.
Bank credit to bank deposits in Norway, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 84.9% | — |
| 1961 | 89.6% | +5.6% |
| 1962 | 91.5% | +2.2% |
| 1963 | 92.0% | +0.5% |
| 1964 | 92.5% | +0.5% |
| 1965 | 90.0% | -2.7% |
| 1966 | 92.5% | +2.8% |
| 1967 | 91.3% | -1.3% |
| 1968 | 87.9% | -3.7% |
| 1969 | 90.4% | +2.8% |
| 1970 | 87.0% | -3.8% |
| 1971 | 87.2% | +0.2% |
| 1972 | 87.8% | +0.7% |
| 1973 | 87.3% | -0.5% |
| 1974 | 88.8% | +1.6% |
| 1975 | 90.1% | +1.5% |
| 1976 | 76.0% | -15.7% |
| 1977 | 74.9% | -1.4% |
| 1978 | 72.5% | -3.3% |
| 1979 | 69.9% | -3.5% |
| 1980 | 71.9% | +2.9% |
| 1981 | 72.8% | +1.3% |
| 1982 | 73.8% | +1.3% |
| 1983 | 75.9% | +2.8% |
| 1984 | 79.7% | +5.0% |
| 1985 | 90.3% | +13.4% |
| 1986 | 113.5% | +25.6% |
| 1987 | 115.2% | +1.5% |
| 1988 | 117.2% | +1.7% |
| 1989 | 116.9% | -0.2% |
| 1990 | 115.2% | -1.5% |
| 1991 | 107.3% | -6.8% |
| 1992 | 99.7% | -7.1% |
| 1993 | 103.8% | +4.1% |
| 1994 | 103.4% | -0.4% |
| 1995 | 109.7% | +6.1% |
| 1996 | 116.2% | +5.9% |
| 1997 | 135.5% | +16.7% |
| 1998 | 131.2% | -3.2% |
| 1999 | 137.0% | +4.4% |
| 2000 | 142.6% | +4.1% |
| 2001 | 144.5% | +1.4% |
| 2002 | 142.1% | -1.7% |
| 2003 | 147.8% | +4.0% |
| 2004 | 150.7% | +2.0% |
| 2005 | 158.2% | +5.0% |
| 2006 | 160.4% | +1.4% |
| 2007 | 184.2% | +14.9% |
| 2008 | 200.6% | +8.9% |
| 2009 | 193.4% | -3.5% |
| 2010 | 195.2% | +0.9% |
| 2011 | 194.5% | -0.3% |
| 2012 | 192.4% | -1.0% |
| 2013 | 188.1% | -2.2% |
| 2014 | 185.6% | -1.4% |
| 2015 | 208.4% | +12.3% |
| 2016 | 194.3% | -6.8% |
| 2017 | 195.6% | +0.7% |
| 2018 | 195.8% | +0.1% |
| 2019 | 197.5% | +0.9% |
| 2020 | 184.9% | -6.4% |
| 2021 | 175.1% | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 90.2% | 84.9% | 92.5% | 10 |
| 1970s | 82.1% | 69.9% | 90.1% | 10 |
| 1980s | 92.7% | 71.9% | 117.2% | 10 |
| 1990s | 115.9% | 99.7% | 137.0% | 10 |
| 2000s | 162.4% | 142.1% | 200.6% | 10 |
| 2010s | 194.7% | 185.6% | 208.4% | 10 |
| 2020s | 180.0% | 175.1% | 184.9% | 2 |
Countries ranked near Norway
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 bank credit to bank deposits in Norway?
- Bank credit to bank deposits in Norway was 175.1% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Norway?
- The highest recorded value was 208.4% in 2015.
- What is the lowest bank credit to bank deposits recorded in Norway?
- The lowest recorded value was 69.9% in 1979.
- How does Norway rank for bank credit to bank deposits?
- Norway ranks 5th out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in Norway?
- Over the last ten years it is down 10.0%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).