Monetary Sector credit to private sector in Norway
Norway: Monetary Sector credit to private sector was 106.0% in 2024. ▲ Rising
Monetary Sector credit to private sector in Norway, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2024, monetary sector credit to private sector in Norway stood at 106.0%.
That represents a change of up 1.8% on the previous year and down 0.5% over ten years.
Over the whole period, monetary sector credit to private sector in Norway peaked at 133.1% in 2020 and was at its lowest, 30.6%, in 1980.
Norway ranks 21st of 186 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 65 years of available data.
Monetary Sector credit to private sector in Norway, year by year
| Year | % GDP | Change |
|---|---|---|
| 1960 | 32.7% | — |
| 1961 | 33.3% | +1.9% |
| 1962 | 33.5% | +0.7% |
| 1963 | 33.4% | -0.5% |
| 1964 | 33.0% | -1.2% |
| 1965 | 32.0% | -2.9% |
| 1966 | 33.0% | +3.0% |
| 1967 | 32.9% | -0.4% |
| 1968 | 33.5% | +1.8% |
| 1969 | 34.9% | +4.1% |
| 1970 | 33.5% | -3.8% |
| 1971 | 33.8% | +0.9% |
| 1972 | 34.3% | +1.5% |
| 1973 | 34.2% | -0.4% |
| 1974 | 33.6% | -1.7% |
| 1975 | 34.3% | +2.1% |
| 1976 | 30.8% | -10.2% |
| 1977 | 31.9% | +3.5% |
| 1978 | 31.4% | -1.6% |
| 1979 | 31.6% | +0.8% |
| 1980 | 30.6% | -3.3% |
| 1981 | 30.9% | +0.9% |
| 1982 | 31.7% | +2.5% |
| 1983 | 32.6% | +2.8% |
| 1984 | 36.6% | +12.3% |
| 1985 | 43.1% | +17.8% |
| 1986 | 53.3% | +23.7% |
| 1987 | 59.9% | +12.2% |
| 1988 | 61.5% | +2.7% |
| 1989 | 62.6% | +1.9% |
| 1990 | 61.9% | -1.2% |
| 1991 | 56.3% | -9.1% |
| 1992 | 55.5% | -1.5% |
| 1993 | 53.8% | -2.9% |
| 1994 | 53.9% | +0.1% |
| 1995 | 55.2% | +2.4% |
| 1996 | 57.3% | +3.9% |
| 1997 | 62.6% | +9.2% |
| 1998 | 69.5% | +11.0% |
| 1999 | 67.6% | -2.8% |
| 2000 | 64.6% | -4.4% |
| 2001 | 89.9% | +39.1% |
| 2002 | 95.9% | +6.7% |
| 2003 | 98.5% | +2.8% |
| 2004 | 96.5% | -2.1% |
| 2005 | 98.1% | +1.6% |
| 2006 | 88.3% | -9.9% |
| 2007 | 97.8% | +10.6% |
| 2008 | 100.3% | +2.6% |
| 2009 | 106.6% | +6.3% |
| 2010 | 107.3% | +0.7% |
| 2011 | 104.9% | -2.3% |
| 2012 | 102.7% | -2.1% |
| 2013 | 103.6% | +1.0% |
| 2014 | 106.5% | +2.8% |
| 2015 | 113.8% | +6.8% |
| 2016 | 118.9% | +4.5% |
| 2017 | 119.1% | +0.1% |
| 2018 | 117.1% | -1.7% |
| 2019 | 122.0% | +4.2% |
| 2020 | 133.1% | +9.0% |
| 2021 | 112.2% | -15.7% |
| 2022 | 90.3% | -19.5% |
| 2023 | 104.1% | +15.3% |
| 2024 | 106.0% | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 33.2% | 32.0% | 34.9% | 10 |
| 1970s | 32.9% | 30.8% | 34.3% | 10 |
| 1980s | 44.3% | 30.6% | 62.6% | 10 |
| 1990s | 59.3% | 53.8% | 69.5% | 10 |
| 2000s | 93.6% | 64.6% | 106.6% | 10 |
| 2010s | 111.6% | 102.7% | 122.0% | 10 |
| 2020s | 109.1% | 90.3% | 133.1% | 5 |
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 monetary sector credit to private sector in Norway?
- Monetary sector credit to private sector in Norway was 106.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Norway?
- The highest recorded value was 133.1% in 2020.
- What is the lowest monetary sector credit to private sector recorded in Norway?
- The lowest recorded value was 30.6% in 1980.
- How does Norway rank for monetary sector credit to private sector?
- Norway ranks 21st out of 186 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Norway?
- Over the last ten years it is down 0.5%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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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. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.