Net domestic credit (current LCU) in Norway
Norway: Net domestic credit (current LCU) was 6.02 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
6.02 trillion current LCU
Change on year
up 3.2%
World rank
53rd
of 187 countries
All-time high
6.02 trillion current LCU
in 2024
All-time low
18.59 billion current LCU
in 1960
Years of data
65
1960–2024
Net domestic credit in Norway, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net domestic credit in Norway stood at 6.02 trillion current LCU. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 57.0% over ten years.
Over the whole period, net domestic credit in Norway peaked at 6.02 trillion current LCU in 2024 and was at its lowest, 18.59 billion current LCU, in 1960.
That places Norway 53rd out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU) in Norway, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 18.59 billion current LCU | — |
| 1961 | 20.21 billion current LCU | +8.7% |
| 1962 | 21.81 billion current LCU | +7.9% |
| 1963 | 23.11 billion current LCU | +6.0% |
| 1964 | 24.76 billion current LCU | +7.1% |
| 1965 | 26.36 billion current LCU | +6.5% |
| 1966 | 29.09 billion current LCU | +10.4% |
| 1967 | 30.81 billion current LCU | +5.9% |
| 1968 | 34.09 billion current LCU | +10.6% |
| 1969 | 38.62 billion current LCU | +13.3% |
| 1970 | 44.28 billion current LCU | +14.7% |
| 1971 | 49.94 billion current LCU | +12.8% |
| 1972 | 56.31 billion current LCU | +12.8% |
| 1973 | 63.50 billion current LCU | +12.8% |
| 1974 | 70.33 billion current LCU | +10.8% |
| 1975 | 81.22 billion current LCU | +15.5% |
| 1976 | 94.18 billion current LCU | +16.0% |
| 1977 | 114.31 billion current LCU | +21.4% |
| 1978 | 125.84 billion current LCU | +10.1% |
| 1979 | 143.37 billion current LCU | +13.9% |
| 1980 | 161.72 billion current LCU | +12.8% |
| 1981 | 182.48 billion current LCU | +12.8% |
| 1982 | 204.01 billion current LCU | +11.8% |
| 1983 | 225.76 billion current LCU | +10.7% |
| 1984 | 263.29 billion current LCU | +16.6% |
| 1985 | 295.87 billion current LCU | +12.4% |
| 1986 | 341.53 billion current LCU | +15.4% |
| 1987 | 433.82 billion current LCU | +27.0% |
| 1988 | 446.30 billion current LCU | +2.9% |
| 1989 | 475.59 billion current LCU | +6.6% |
| 1990 | 487.34 billion current LCU | +2.5% |
| 1991 | 473.64 billion current LCU | -2.8% |
| 1992 | 499.07 billion current LCU | +5.4% |
| 1993 | 486.63 billion current LCU | -2.5% |
| 1994 | 505.25 billion current LCU | +3.8% |
| 1995 | 536.90 billion current LCU | +6.3% |
| 1996 | 634.08 billion current LCU | +18.1% |
| 1997 | 735.46 billion current LCU | +16.0% |
| 1998 | 903.90 billion current LCU | +22.9% |
| 1999 | 913.79 billion current LCU | +1.1% |
| 2000 | 1.01 trillion current LCU | +10.5% |
| 2001 | 1.30 trillion current LCU | +28.4% |
| 2002 | 1.42 trillion current LCU | +9.3% |
| 2003 | 1.50 trillion current LCU | +5.7% |
| 2004 | 1.67 trillion current LCU | +11.4% |
| 2005 | 1.91 trillion current LCU | +14.5% |
| 2006 | 2.09 trillion current LCU | +9.4% |
| 2007 | 2.51 trillion current LCU | +19.9% |
| 2008 | 2.79 trillion current LCU | +11.5% |
| 2009 | 2.76 trillion current LCU | -1.1% |
| 2010 | 2.92 trillion current LCU | +5.6% |
| 2011 | 3.14 trillion current LCU | +7.5% |
| 2012 | 3.28 trillion current LCU | +4.5% |
| 2013 | 3.56 trillion current LCU | +8.6% |
| 2014 | 3.83 trillion current LCU | +7.6% |
| 2015 | 4.08 trillion current LCU | +6.5% |
| 2016 | 4.19 trillion current LCU | +2.6% |
| 2017 | 4.45 trillion current LCU | +6.3% |
| 2018 | 4.67 trillion current LCU | +5.0% |
| 2019 | 4.89 trillion current LCU | +4.5% |
| 2020 | 5.06 trillion current LCU | +3.6% |
| 2021 | 5.25 trillion current LCU | +3.7% |
| 2022 | 5.65 trillion current LCU | +7.7% |
| 2023 | 5.83 trillion current LCU | +3.2% |
| 2024 | 6.02 trillion current LCU | +3.2% |
Norway compared with similar countries
- Norway's 6.02 trillion current LCU is above the median for high income countries, which is 701.01 billion current LCU, 8.6× the median. (61 countries reporting)
- Norway's 6.02 trillion current LCU is above the median for Europe & Central Asia, which is 629.86 billion current LCU, 9.6× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 26.75 billion current LCU | 18.59 billion current LCU | 38.62 billion current LCU | 10 |
| 1970s | 84.33 billion current LCU | 44.28 billion current LCU | 143.37 billion current LCU | 10 |
| 1980s | 303.04 billion current LCU | 161.72 billion current LCU | 475.59 billion current LCU | 10 |
| 1990s | 617.61 billion current LCU | 473.64 billion current LCU | 913.79 billion current LCU | 10 |
| 2000s | 1.90 trillion current LCU | 1.01 trillion current LCU | 2.79 trillion current LCU | 10 |
| 2010s | 3.90 trillion current LCU | 2.92 trillion current LCU | 4.89 trillion current LCU | 10 |
| 2020s | 5.56 trillion current LCU | 5.06 trillion current LCU | 6.02 trillion current LCU | 5 |
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 net domestic credit in Norway?
- Net domestic credit in Norway was 6.02 trillion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Norway?
- The highest recorded value was 6.02 trillion current LCU in 2024.
- What is the lowest net domestic credit recorded in Norway?
- The lowest recorded value was 18.59 billion current LCU in 1960.
- How does Norway rank for net domestic credit?
- Norway ranks 53rd out of 187 countries with data for 2024.
- Is net domestic credit rising or falling in Norway?
- Over the last ten years it is up 57.0%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.