Loans from nonresident banks (amounts outstanding) to GDP in Norway
Norway: Loans from nonresident banks (amounts outstanding) to GDP was 54.7% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Norway, 1971–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
In 2021, loans from nonresident banks (amounts outstanding) to gdp in Norway stood at 54.7%.
The figure is down 24.9% on the previous year and up 16.9% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Norway peaked at 72.9% in 2020 and was at its lowest, 0.1%, in 1971.
Norway ranks 25th of 136 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Norway, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 0.1% | — |
| 1972 | 0.8% | +712.1% |
| 1973 | 1.2% | +39.7% |
| 1974 | 1.4% | +15.8% |
| 1975 | 4.3% | +220.8% |
| 1976 | 7.9% | +82.2% |
| 1977 | 14.1% | +78.1% |
| 1978 | 20.0% | +41.8% |
| 1979 | 21.2% | +6.1% |
| 1980 | 16.6% | -21.6% |
| 1981 | 15.4% | -7.2% |
| 1982 | 13.8% | -10.1% |
| 1983 | 11.9% | -14.0% |
| 1984 | 11.3% | -5.2% |
| 1985 | 12.5% | +10.4% |
| 1986 | 16.2% | +29.9% |
| 1987 | 19.9% | +23.0% |
| 1988 | 20.7% | +4.1% |
| 1989 | 20.4% | -1.6% |
| 1990 | 16.6% | -18.6% |
| 1991 | 16.1% | -3.1% |
| 1992 | 15.0% | -6.4% |
| 1993 | 15.8% | +5.2% |
| 1994 | 14.9% | -6.2% |
| 1995 | 12.1% | -18.7% |
| 1996 | 11.4% | -6.0% |
| 1997 | 13.2% | +16.0% |
| 1998 | 18.0% | +36.7% |
| 1999 | 18.7% | +3.8% |
| 2000 | 21.7% | +16.0% |
| 2001 | 22.1% | +1.7% |
| 2002 | 23.7% | +7.3% |
| 2003 | 26.6% | +12.4% |
| 2004 | 28.2% | +6.0% |
| 2005 | 25.0% | -11.3% |
| 2006 | 31.6% | +26.3% |
| 2007 | 35.8% | +13.2% |
| 2008 | 35.6% | -0.5% |
| 2009 | 47.0% | +31.9% |
| 2010 | 46.5% | -0.9% |
| 2011 | 46.8% | +0.6% |
| 2012 | 52.0% | +11.1% |
| 2013 | 54.1% | +4.1% |
| 2014 | 51.8% | -4.3% |
| 2015 | 60.9% | +17.5% |
| 2016 | 60.2% | -1.1% |
| 2017 | 58.2% | -3.4% |
| 2018 | 52.5% | -9.8% |
| 2019 | 58.8% | +12.0% |
| 2020 | 72.9% | +24.1% |
| 2021 | 54.7% | -24.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.9% | 0.1% | 21.2% | 9 |
| 1980s | 15.9% | 11.3% | 20.7% | 10 |
| 1990s | 15.2% | 11.4% | 18.7% | 10 |
| 2000s | 29.7% | 21.7% | 47.0% | 10 |
| 2010s | 54.2% | 46.5% | 60.9% | 10 |
| 2020s | 63.8% | 54.7% | 72.9% | 2 |
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 loans from nonresident banks (amounts outstanding) to gdp in Norway?
- Loans from nonresident banks (amounts outstanding) to gdp in Norway was 54.7% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Norway?
- The highest recorded value was 72.9% in 2020.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Norway?
- The lowest recorded value was 0.1% in 1971.
- How does Norway rank for loans from nonresident banks (amounts outstanding) to gdp?
- Norway ranks 25th out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Norway?
- Over the last ten years it is up 16.9%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.