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% |
Norway compared with similar countries
- Norway's 175.1% is above the median for high income countries, which is 81.6%, 2.1× the median. (61 countries reporting)
- Norway's 175.1% is above the median for Europe & Central Asia, which is 85.7%, 2.0× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Bank credit to bank deposits (%) 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 |
|---|---|---|---|
| 1986 | +25.6% | 90.3% | 113.5% |
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
- 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 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.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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).