Claims on private sector in Norway
Norway: Claims on private sector was 5.9% in 2024. ◆ Volatile
Claims on private sector in Norway, 1961–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
Norway recorded 5.9% for claims on private sector in 2024.
Compared with earlier readings it is up 11.1% on the previous year and down 38.3% over ten years.
Over the whole period, claims on private sector in Norway peaked at 59.7% in 2001 and was at its lowest, -4.7%, in 1991.
That places Norway 73rd out of 167 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on private sector in Norway, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 1961 | 7.2% | — |
| 1962 | 5.7% | -20.3% |
| 1963 | 4.7% | -18.5% |
| 1964 | 5.9% | +27.8% |
| 1965 | 4.9% | -17.3% |
| 1966 | 7.5% | +52.1% |
| 1967 | 6.2% | -17.2% |
| 1968 | 6.0% | -3.5% |
| 1969 | 8.8% | +47.4% |
| 1970 | 7.3% | -17.5% |
| 1971 | 8.8% | +21.1% |
| 1972 | 8.4% | -4.9% |
| 1973 | 8.6% | +2.9% |
| 1974 | 9.0% | +4.7% |
| 1975 | 11.2% | +23.8% |
| 1976 | 1.7% | -84.7% |
| 1977 | 10.7% | +526.7% |
| 1978 | 5.5% | -48.6% |
| 1979 | 7.0% | +27.7% |
| 1980 | 8.8% | +24.9% |
| 1981 | 10.0% | +14.2% |
| 1982 | 8.8% | -12.3% |
| 1983 | 9.5% | +7.9% |
| 1984 | 18.1% | +90.9% |
| 1985 | 22.3% | +23.4% |
| 1986 | 23.0% | +3.4% |
| 1987 | 23.0% | -0.2% |
| 1988 | 7.7% | -66.5% |
| 1989 | 9.4% | +21.7% |
| 1990 | 5.0% | -47.2% |
| 1991 | -4.7% | -194.7% |
| 1992 | 1.3% | -128.7% |
| 1993 | 2.0% | +50.0% |
| 1994 | 4.7% | +132.4% |
| 1995 | 9.5% | +101.9% |
| 1996 | 13.8% | +45.9% |
| 1997 | 19.3% | +40.0% |
| 1998 | 16.5% | -14.7% |
| 1999 | 7.3% | -55.4% |
| 2000 | 18.0% | +144.9% |
| 2001 | 59.7% | +232.0% |
| 2002 | 11.0% | -81.7% |
| 2003 | 11.4% | +4.4% |
| 2004 | 14.0% | +22.0% |
| 2005 | 24.2% | +73.4% |
| 2006 | 1.3% | -94.6% |
| 2007 | 30.4% | +2237.8% |
| 2008 | 24.2% | -20.5% |
| 2009 | -1.3% | -105.2% |
| 2010 | 14.1% | -1228.1% |
| 2011 | 10.5% | -25.9% |
| 2012 | 7.5% | -28.2% |
| 2013 | 9.0% | +20.0% |
| 2014 | 9.6% | +6.6% |
| 2015 | 11.1% | +15.6% |
| 2016 | 8.4% | -24.0% |
| 2017 | 13.1% | +55.8% |
| 2018 | 10.9% | -17.1% |
| 2019 | 10.0% | -7.9% |
| 2020 | 9.9% | -0.8% |
| 2021 | 9.0% | -10.0% |
| 2022 | 11.4% | +26.9% |
| 2023 | 5.3% | -53.1% |
| 2024 | 5.9% | +11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.3% | 4.7% | 8.8% | 9 |
| 1970s | 7.8% | 1.7% | 11.2% | 10 |
| 1980s | 14.0% | 7.7% | 23.0% | 10 |
| 1990s | 7.5% | -4.7% | 19.3% | 10 |
| 2000s | 19.3% | -1.3% | 59.7% | 10 |
| 2010s | 10.4% | 7.5% | 14.1% | 10 |
| 2020s | 8.3% | 5.3% | 11.4% | 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 claims on private sector in Norway?
- Claims on private sector in Norway was 5.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on private sector recorded in Norway?
- The highest recorded value was 59.7% in 2001.
- What is the lowest claims on private sector recorded in Norway?
- The lowest recorded value was -4.7% in 1991.
- How does Norway rank for claims on private sector?
- Norway ranks 73rd out of 167 countries with data for 2024.
- Is claims on private sector rising or falling in Norway?
- Over the last ten years it is down 38.3%. 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 Claims on private sector (annual growth as % of broad money). Statizoid updates them automatically from the source API.
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About this data
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. 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 represents the annual percentage growth in the ratio of claims to broad money.