Loans from nonresident banks (net) to GDP in Norway
Norway: Loans from nonresident banks (net) to GDP was 1.6% in 2021. ◆ Volatile
Loans from nonresident banks (net) to GDP in Norway, 1972–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
The most recent figure for loans from nonresident banks (net) to gdp in Norway is 1.6%, measured in 2021.
That represents a change of up 96.8% on the previous year and down 42.4% over ten years.
Over the whole period, loans from nonresident banks (net) to gdp in Norway peaked at 2.7% in 2011 and was at its lowest, -2.7%, in 2016.
Norway ranks 16th of 98 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 (net) to GDP in Norway, year by year
| Year | % | Change |
|---|---|---|
| 1972 | 0.2% | — |
| 1974 | 0.2% | -9.6% |
| 1975 | 1.6% | +949.2% |
| 1976 | 0.8% | -47.2% |
| 1977 | 1.9% | +127.8% |
| 1978 | 1.6% | -17.4% |
| 1979 | 0.3% | -78.0% |
| 1980 | -0.3% | -195.0% |
| 1981 | 0.3% | -192.2% |
| 1982 | -0.2% | -181.0% |
| 1983 | -0.4% | +70.3% |
| 1984 | 0.5% | -221.2% |
| 1985 | -1.1% | -320.1% |
| 1986 | 1.2% | -204.8% |
| 1987 | -0.3% | -124.1% |
| 1988 | 0.1% | -144.2% |
| 1989 | 0.2% | +94.7% |
| 1990 | -0.2% | -197.7% |
| 1991 | -0.0% | -90.7% |
| 1992 | -0.4% | +1914.7% |
| 1993 | -0.6% | +26.3% |
| 1994 | -0.6% | +7.7% |
| 1995 | -0.1% | -78.1% |
| 1996 | 0.2% | -235.3% |
| 1997 | -0.0% | -105.2% |
| 1998 | 0.0% | -225.6% |
| 1999 | -0.4% | -3377.4% |
| 2000 | -0.1% | -64.7% |
| 2001 | 0.3% | -327.1% |
| 2002 | 0.9% | +199.3% |
| 2003 | 1.2% | +35.3% |
| 2004 | 2.1% | +73.0% |
| 2005 | 1.3% | -38.5% |
| 2006 | 2.1% | +61.5% |
| 2007 | 2.5% | +16.5% |
| 2008 | 0.3% | -89.5% |
| 2009 | 0.0% | -81.4% |
| 2010 | -0.6% | -1349.5% |
| 2011 | 2.7% | -553.6% |
| 2012 | -0.2% | -109.1% |
| 2013 | 1.9% | -882.2% |
| 2014 | 0.5% | -75.6% |
| 2015 | -1.6% | -446.9% |
| 2016 | -2.7% | +63.8% |
| 2017 | 0.2% | -108.8% |
| 2018 | 0.2% | -34.3% |
| 2019 | 0.8% | +438.6% |
| 2020 | 0.8% | -3.8% |
| 2021 | 1.6% | +96.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9% | 0.2% | 1.9% | 7 |
| 1980s | -0.0% | -1.1% | 1.2% | 10 |
| 1990s | -0.2% | -0.6% | 0.2% | 10 |
| 2000s | 1.1% | -0.1% | 2.5% | 10 |
| 2010s | 0.1% | -2.7% | 2.7% | 10 |
| 2020s | 1.2% | 0.8% | 1.6% | 2 |
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)
- Total reserves (gold at national valuation) (SDR), per capita 11,126 SDR per person (2025)
Frequently asked questions
- What is loans from nonresident banks (net) to gdp in Norway?
- Loans from nonresident banks (net) to gdp in Norway was 1.6% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (net) to gdp recorded in Norway?
- The highest recorded value was 2.7% in 2011.
- What is the lowest loans from nonresident banks (net) to gdp recorded in Norway?
- The lowest recorded value was -2.7% in 2016.
- How does Norway rank for loans from nonresident banks (net) to gdp?
- Norway ranks 16th out of 98 countries with data for 2021.
- Is loans from nonresident banks (net) to gdp rising or falling in Norway?
- Over the last ten years it is down 42.4%. 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 (net) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of net 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 12A (Net Issues): International debt securities - all issuers.