Broad money growth (annual %) in Norway
Norway: Broad money growth (annual %) was 3.4% in 2024. ◆ Volatile
Broad money growth in Norway, 1961–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2024, broad money growth in Norway stood at 3.4%.
That represents a change of up 696.3% on the previous year and down 43.6% over ten years.
Over the whole period, broad money growth in Norway peaked at 19.2% in 1987 and was at its lowest, -5.3%, in 2015.
That places Norway 145th out of 167 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth (annual %) in Norway, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 5.5% | — |
| 1962 | 6.8% | +24.6% |
| 1963 | 6.9% | +0.8% |
| 1964 | 7.7% | +12.5% |
| 1965 | 10.1% | +31.0% |
| 1966 | 8.4% | -17.1% |
| 1967 | 9.8% | +16.9% |
| 1968 | 12.1% | +23.6% |
| 1969 | 10.4% | -14.2% |
| 1970 | 15.0% | +44.1% |
| 1971 | 13.3% | -11.2% |
| 1972 | 12.5% | -6.1% |
| 1973 | 13.5% | +7.9% |
| 1974 | 11.1% | -18.2% |
| 1975 | 15.3% | +38.5% |
| 1976 | 8.3% | -45.9% |
| 1977 | 17.3% | +108.5% |
| 1978 | 11.1% | -35.8% |
| 1979 | 13.8% | +24.5% |
| 1980 | 10.6% | -23.3% |
| 1981 | 13.4% | +26.6% |
| 1982 | 11.0% | -17.6% |
| 1983 | 10.8% | -2.1% |
| 1984 | 19.2% | +77.1% |
| 1985 | 15.0% | -21.8% |
| 1986 | 2.8% | -81.6% |
| 1987 | 19.2% | +596.5% |
| 1988 | 4.9% | -74.4% |
| 1989 | 8.6% | +75.5% |
| 1990 | 5.5% | -35.6% |
| 1991 | 2.9% | -47.1% |
| 1992 | 8.5% | +189.8% |
| 1993 | -0.7% | -107.9% |
| 1994 | 5.0% | -850.4% |
| 1995 | 3.8% | -24.7% |
| 1996 | 6.9% | +82.7% |
| 1997 | 1.4% | -79.1% |
| 1998 | 15.5% | +972.8% |
| 1999 | 1.7% | -89.0% |
| 2000 | 8.7% | +409.6% |
| 2001 | 16.5% | +90.1% |
| 2002 | 7.4% | -54.9% |
| 2003 | 2.1% | -71.1% |
| 2004 | 6.8% | +219.0% |
| 2005 | 10.5% | +53.6% |
| 2006 | 6.8% | -35.6% |
| 2007 | 18.1% | +167.1% |
| 2008 | 3.1% | -82.9% |
| 2009 | 0.9% | -70.9% |
| 2010 | 6.5% | +619.9% |
| 2011 | 6.4% | -0.7% |
| 2012 | 4.5% | -30.0% |
| 2013 | 6.7% | +50.1% |
| 2014 | 6.1% | -9.4% |
| 2015 | -5.3% | -187.1% |
| 2016 | 11.2% | -311.0% |
| 2017 | 6.1% | -45.9% |
| 2018 | 5.2% | -14.8% |
| 2019 | 4.0% | -23.3% |
| 2020 | 12.2% | +206.0% |
| 2021 | 10.5% | -13.6% |
| 2022 | 5.5% | -47.2% |
| 2023 | 0.4% | -92.2% |
| 2024 | 3.4% | +696.3% |
Norway compared with similar countries
- Norway's 3.4% is below the median for high income countries, which is 5.9%, 58% of the median. (41 countries reporting)
- Norway's 3.4% is below the median for Europe & Central Asia, which is 9.8%, 35% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Broad money growth (annual %) 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 |
|---|---|---|---|
| 1998 | +972.8% | 1.4% | 15.5% |
| 1994 | +850.4% | -0.7% | 5.0% |
| 2024 | +696.3% | 0.4% | 3.4% |
| 2010 | +619.9% | 0.9% | 6.5% |
| 1987 | +596.5% | 2.8% | 19.2% |
| 2000 | +409.6% | 1.7% | 8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.7% | 5.5% | 12.1% | 9 |
| 1970s | 13.1% | 8.3% | 17.3% | 10 |
| 1980s | 11.5% | 2.8% | 19.2% | 10 |
| 1990s | 5.1% | -0.7% | 15.5% | 10 |
| 2000s | 8.1% | 0.9% | 18.1% | 10 |
| 2010s | 5.1% | -5.3% | 11.2% | 10 |
| 2020s | 6.4% | 0.4% | 12.2% | 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 broad money growth in Norway?
- Broad money growth in Norway was 3.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Norway?
- The highest recorded value was 19.2% in 1987.
- What is the lowest broad money growth recorded in Norway?
- The lowest recorded value was -5.3% in 2015.
- How does Norway rank for broad money growth?
- Norway ranks 145th out of 167 countries with data for 2024.
- Is broad money growth rising or falling in Norway?
- Over the last ten years it is down 43.6%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.