Domestic credit to private sector in Norway
Norway: Domestic credit to private sector was 166.0% in 2020. ▲ Rising
Domestic credit to private sector in Norway, 2001–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Norway recorded 166.0% for domestic credit to private sector in 2020. That is the highest value across all 20 years on record.
The figure is up 10.1% on the previous year and up 29.4% over ten years.
Over the whole period, domestic credit to private sector in Norway peaked at 166.0% in 2020 and was at its lowest, 96.3%, in 2001.
Norway ranks 6th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Domestic credit to private sector in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 96.3% | — |
| 2002 | 102.5% | +6.5% |
| 2003 | 106.8% | +4.2% |
| 2004 | 105.3% | -1.4% |
| 2005 | 107.0% | +1.6% |
| 2006 | 97.5% | -8.8% |
| 2007 | 107.5% | +10.2% |
| 2008 | 119.9% | +11.5% |
| 2009 | 128.1% | +6.8% |
| 2010 | 128.3% | +0.2% |
| 2011 | 125.8% | -2.0% |
| 2012 | 123.5% | -1.8% |
| 2013 | 125.0% | +1.2% |
| 2014 | 129.1% | +3.3% |
| 2015 | 138.7% | +7.4% |
| 2016 | 145.8% | +5.1% |
| 2017 | 146.5% | +0.5% |
| 2018 | 143.4% | -2.1% |
| 2019 | 150.8% | +5.2% |
| 2020 | 166.0% | +10.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 107.9% | 96.3% | 128.1% | 9 |
| 2010s | 135.7% | 123.5% | 150.8% | 10 |
| 2020s | 166.0% | 166.0% | 166.0% | 1 |
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 domestic credit to private sector in Norway?
- Domestic credit to private sector in Norway was 166.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Norway?
- The highest recorded value was 166.0% in 2020.
- What is the lowest domestic credit to private sector recorded in Norway?
- The lowest recorded value was 96.3% in 2001.
- How does Norway rank for domestic credit to private sector?
- Norway ranks 6th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Norway?
- Over the last ten years it is up 29.4%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.