Financial system deposits to GDP in Norway
Norway: Financial system deposits to GDP was 69.3% in 2021. ▲ Rising
Financial system deposits to GDP in Norway, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, financial system deposits to gdp in Norway stood at 69.3%.
The figure is down 8.8% on the previous year and up 24.9% over ten years.
Over the whole period, financial system deposits to gdp in Norway peaked at 76.0% in 2020 and was at its lowest, 34.5%, in 1964.
That places Norway 72nd out of 185 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Financial system deposits to GDP in Norway, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 37.4% | — |
| 1961 | 36.0% | -3.6% |
| 1962 | 35.5% | -1.5% |
| 1963 | 35.1% | -0.9% |
| 1964 | 34.5% | -1.7% |
| 1965 | 34.6% | +0.1% |
| 1966 | 34.6% | +0.1% |
| 1967 | 34.9% | +0.8% |
| 1968 | 36.9% | +5.8% |
| 1969 | 37.5% | +1.7% |
| 1970 | 37.2% | -0.7% |
| 1971 | 37.6% | +1.0% |
| 1972 | 38.0% | +1.1% |
| 1973 | 38.1% | +0.2% |
| 1974 | 36.8% | -3.4% |
| 1975 | 36.8% | +0.2% |
| 1976 | 40.3% | +9.4% |
| 1977 | 42.3% | +5.0% |
| 1978 | 43.0% | +1.6% |
| 1979 | 45.0% | +4.6% |
| 1980 | 42.3% | -6.0% |
| 1981 | 42.2% | -0.2% |
| 1982 | 42.6% | +1.1% |
| 1983 | 42.7% | +0.1% |
| 1984 | 45.7% | +7.1% |
| 1985 | 47.5% | +4.0% |
| 1986 | 46.8% | -1.5% |
| 1987 | 51.8% | +10.6% |
| 1988 | 52.2% | +0.8% |
| 1989 | 53.3% | +2.0% |
| 1990 | 53.5% | +0.4% |
| 1991 | 52.1% | -2.6% |
| 1992 | 55.2% | +6.0% |
| 1993 | 51.5% | -6.7% |
| 1994 | 51.7% | +0.5% |
| 1995 | 49.9% | -3.5% |
| 1996 | 49.0% | -1.9% |
| 1997 | 45.8% | -6.5% |
| 1998 | 52.5% | +14.7% |
| 1999 | 49.0% | -6.7% |
| 2000 | 45.1% | -7.9% |
| 2001 | 47.6% | +5.4% |
| 2002 | 51.6% | +8.5% |
| 2003 | 51.5% | -0.2% |
| 2004 | 50.4% | -2.1% |
| 2005 | 50.3% | -0.2% |
| 2006 | 52.9% | +5.1% |
| 2007 | 54.0% | +2.1% |
| 2008 | 51.0% | -5.4% |
| 2009 | 56.4% | +10.6% |
| 2010 | 56.4% | -0.0% |
| 2011 | 55.5% | -1.7% |
| 2012 | 55.0% | -0.9% |
| 2013 | 56.9% | +3.5% |
| 2014 | 59.4% | +4.4% |
| 2015 | 56.7% | -4.6% |
| 2016 | 63.6% | +12.2% |
| 2017 | 63.5% | -0.1% |
| 2018 | 62.2% | -2.1% |
| 2019 | 64.7% | +4.1% |
| 2020 | 76.0% | +17.3% |
| 2021 | 69.3% | -8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 35.7% | 34.5% | 37.5% | 10 |
| 1970s | 39.5% | 36.8% | 45.0% | 10 |
| 1980s | 46.7% | 42.2% | 53.3% | 10 |
| 1990s | 51.0% | 45.8% | 55.2% | 10 |
| 2000s | 51.1% | 45.1% | 56.4% | 10 |
| 2010s | 59.4% | 55.0% | 64.7% | 10 |
| 2020s | 72.6% | 69.3% | 76.0% | 2 |
Countries ranked near Norway
- 69 Iceland 70.2% compare
- 70 Namibia 70.1% compare
- 71 Micronesia, Federated States of 69.9% compare
- 73 Saint Vincent and the Grenadines 69.1% compare
- 74 Bosnia and Herzegovina 68.8% compare
- 75 Jamaica 68.7% 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 financial system deposits to gdp in Norway?
- Financial system deposits to gdp in Norway was 69.3% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Norway?
- The highest recorded value was 76.0% in 2020.
- What is the lowest financial system deposits to gdp recorded in Norway?
- The lowest recorded value was 34.5% in 1964.
- How does Norway rank for financial system deposits to gdp?
- Norway ranks 72nd out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Norway?
- Over the last ten years it is up 24.9%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).