Domestic credit provided by financial sector in Norway
Norway: Domestic credit provided by financial sector was 125.4% in 2024. ▲ Rising
Domestic credit provided by financial sector in Norway, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Norway recorded 125.4% for domestic credit provided by financial sector in 2024.
The figure is up 1.7% on the previous year and down 3.8% over ten years.
Over the whole period, domestic credit provided by financial sector in Norway peaked at 157.1% in 2020 and was at its lowest, 93.6%, in 2001.
Norway ranks 10th of 65 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Domestic credit provided by financial sector in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 93.6% | — |
| 2002 | 101.2% | +8.1% |
| 2003 | 105.2% | +4.0% |
| 2004 | 104.9% | -0.3% |
| 2005 | 105.9% | +0.9% |
| 2006 | 102.4% | -3.3% |
| 2007 | 112.4% | +9.8% |
| 2008 | 116.6% | +3.7% |
| 2009 | 123.5% | +5.9% |
| 2010 | 122.8% | -0.5% |
| 2011 | 121.9% | -0.8% |
| 2012 | 119.8% | -1.8% |
| 2013 | 125.0% | +4.4% |
| 2014 | 130.4% | +4.3% |
| 2015 | 139.8% | +7.2% |
| 2016 | 145.5% | +4.1% |
| 2017 | 144.8% | -0.5% |
| 2018 | 141.2% | -2.5% |
| 2019 | 146.0% | +3.4% |
| 2020 | 157.1% | +7.6% |
| 2021 | 131.2% | -16.5% |
| 2022 | 106.6% | -18.8% |
| 2023 | 123.3% | +15.7% |
| 2024 | 125.4% | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 107.3% | 93.6% | 123.5% | 9 |
| 2010s | 133.7% | 119.8% | 146.0% | 10 |
| 2020s | 128.7% | 106.6% | 157.1% | 5 |
Countries ranked near Norway
- 7 Jamaica 152.3% compare
- 8 Morocco 135.0% compare
- 9 Chile 125.7% compare
- 11 South Africa 123.4% compare
- 12 El Salvador 113.3% compare
- 13 Philippines 104.5% compare
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 domestic credit provided by financial sector in Norway?
- Domestic credit provided by financial sector in Norway was 125.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Norway?
- The highest recorded value was 157.1% in 2020.
- What is the lowest domestic credit provided by financial sector recorded in Norway?
- The lowest recorded value was 93.6% in 2001.
- How does Norway rank for domestic credit provided by financial sector?
- Norway ranks 10th out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Norway?
- Over the last ten years it is down 3.8%. 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 Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.