Financial Development Index in Norway
Norway: Financial Development Index was 0.6614 in 2020. β² Rising
Financial Development Index in Norway, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Norway stood at 0.6614.
That represents a change of up 1.5% on the previous year and down 11.1% over ten years.
Over the whole period, financial development index in Norway peaked at 0.777 in 2007 and was at its lowest, 0.1361, in 1980.
That places Norway 21st out of 183 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2643 | 0.1361 | 0.4566 | 10 |
| 1990s | 0.4545 | 0.357 | 0.5703 | 10 |
| 2000s | 0.6698 | 0.5646 | 0.777 | 10 |
| 2010s | 0.6827 | 0.646 | 0.7439 | 10 |
| 2020s | 0.6614 | 0.6614 | 0.6614 | 1 |
Countries ranked near Norway
More financial sector data for Norway
- Net domestic credit (current LCU), per capita 1.08 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 12.01 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 3.18 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 55.94 billion SDR (2025)
- Reserves excluding gold 62.43 billion SDR (2025)
- Total reserves (gold at market value) 62.43 billion SDR (2025)
- Total reserves (gold at national valuation) 62.43 billion SDR (2025)
- Domestic credit to private sector by banks 105.9% (2024)
Frequently asked questions
- What is financial development index in Norway?
- Financial development index in Norway was 0.6614 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Norway?
- The highest recorded value was 0.777 in 2007.
- What is the lowest financial development index recorded in Norway?
- The lowest recorded value was 0.1361 in 1980.
- How does Norway rank for financial development index?
- Norway ranks 21st out of 183 countries with data for 2020.
- Is financial development index rising or falling in Norway?
- Over the last ten years it is down 11.1%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.