Broad money in Norway
Norway: Broad money was 59.3% in 2024. ▲ Rising
Broad money in Norway, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Norway recorded 59.3% for broad money in 2024.
The figure is up 2.0% on the previous year and up 0.3% over ten years.
Over the whole period, broad money in Norway peaked at 73.2% in 2020 and was at its lowest, 47.7%, in 1965.
That places Norway 87th out of 166 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 65 years of available data.
Broad money in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 51.1% | — |
| 1961 | 49.4% | -3.3% |
| 1962 | 49.0% | -0.8% |
| 1963 | 48.8% | -0.4% |
| 1964 | 47.8% | -2.0% |
| 1965 | 47.7% | -0.2% |
| 1966 | 48.0% | +0.5% |
| 1967 | 48.1% | +0.4% |
| 1968 | 50.6% | +5.0% |
| 1969 | 51.3% | +1.4% |
| 1970 | 51.3% | -0.0% |
| 1971 | 51.7% | +0.8% |
| 1972 | 52.3% | +1.3% |
| 1973 | 52.3% | -0.1% |
| 1974 | 50.1% | -4.1% |
| 1975 | 50.6% | +0.9% |
| 1976 | 48.0% | -5.2% |
| 1977 | 49.9% | +4.1% |
| 1978 | 50.3% | +0.7% |
| 1979 | 51.8% | +3.2% |
| 1980 | 48.5% | -6.5% |
| 1981 | 47.9% | -1.2% |
| 1982 | 48.0% | +0.2% |
| 1983 | 47.9% | -0.3% |
| 1984 | 50.6% | +5.7% |
| 1985 | 52.4% | +3.6% |
| 1986 | 52.1% | -0.7% |
| 1987 | 56.9% | +9.3% |
| 1988 | 57.1% | +0.4% |
| 1989 | 58.1% | +1.8% |
| 1990 | 57.9% | -0.3% |
| 1991 | 56.7% | -2.1% |
| 1992 | 59.8% | +5.5% |
| 1993 | 56.5% | -5.6% |
| 1994 | 56.6% | +0.1% |
| 1995 | 54.7% | -3.3% |
| 1996 | 53.4% | -2.3% |
| 1997 | 50.1% | -6.1% |
| 1998 | 56.8% | +13.2% |
| 1999 | 53.0% | -6.7% |
| 2000 | 48.2% | -9.0% |
| 2001 | 54.0% | +12.1% |
| 2002 | 58.1% | +7.5% |
| 2003 | 57.0% | -1.8% |
| 2004 | 55.2% | -3.2% |
| 2005 | 54.5% | -1.3% |
| 2006 | 52.0% | -4.5% |
| 2007 | 57.7% | +10.8% |
| 2008 | 53.4% | -7.4% |
| 2009 | 57.6% | +8.0% |
| 2010 | 57.4% | -0.4% |
| 2011 | 56.5% | -1.5% |
| 2012 | 55.6% | -1.7% |
| 2013 | 57.1% | +2.8% |
| 2014 | 59.2% | +3.6% |
| 2015 | 56.3% | -4.8% |
| 2016 | 62.9% | +11.6% |
| 2017 | 62.5% | -0.7% |
| 2018 | 61.1% | -2.2% |
| 2019 | 62.9% | +3.0% |
| 2020 | 73.2% | +16.3% |
| 2021 | 65.0% | -11.2% |
| 2022 | 51.8% | -20.3% |
| 2023 | 58.2% | +12.4% |
| 2024 | 59.3% | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 49.2% | 47.7% | 51.3% | 10 |
| 1970s | 50.8% | 48.0% | 52.3% | 10 |
| 1980s | 51.9% | 47.9% | 58.1% | 10 |
| 1990s | 55.5% | 50.1% | 59.8% | 10 |
| 2000s | 54.8% | 48.2% | 58.1% | 10 |
| 2010s | 59.1% | 55.6% | 62.9% | 10 |
| 2020s | 61.5% | 51.8% | 73.2% | 5 |
Countries ranked near Norway
- 84 Kosovo 59.6% compare
- 85 Sri Lanka 59.5% compare
- 86 Mozambique 59.4% compare
- 88 Montenegro 58.4% compare
- 89 Syria 57.8% compare
- 90 Bolivia, Plurinational State of 57.6% compare
More financial sector data for Norway
- Total reserves in months of imports, annual growth rate 0.629 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 0.1443 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1054 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 9,970 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 0.2122 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 11,126 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 0.2122 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 11,126 SDR per person (2025)
Frequently asked questions
- What is broad money in Norway?
- Broad money in Norway was 59.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Norway?
- The highest recorded value was 73.2% in 2020.
- What is the lowest broad money recorded in Norway?
- The lowest recorded value was 47.7% in 1965.
- How does Norway rank for broad money?
- Norway ranks 87th out of 166 countries with data for 2024.
- Is broad money rising or falling in Norway?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.