Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Norway
Norway: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans was 618.25 billion in 2024. ▲ Rising
Latest (2024)
618.25 billion
Change on year
down 22.4%
World rank
48th
of 134 countries
All-time high
809.08 billion
in 2007
All-time low
512.65 billion
in 2012
Years of data
21
2004–2024
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Norway, 2004–2024
Source: International Monetary Fund.
Analysis
Norway recorded 618.25 billion for outstanding loans, commercial banks, of which: household sector loans in 2024.
The figure is down 22.4% on the previous year and up 1.6% over ten years.
Over the whole period, outstanding loans, commercial banks, of which: household sector loans in Norway peaked at 809.08 billion in 2007 and was at its lowest, 512.65 billion, in 2012.
Norway ranks 48th of 134 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 565.42 billion | — |
| 2005 | 673.88 billion | +19.2% |
| 2006 | 776.37 billion | +15.2% |
| 2007 | 809.08 billion | +4.2% |
| 2008 | 711.75 billion | -12.0% |
| 2009 | 634.94 billion | -10.8% |
| 2010 | 570.08 billion | -10.2% |
| 2011 | 567.68 billion | -0.4% |
| 2012 | 512.65 billion | -9.7% |
| 2013 | 557.52 billion | +8.8% |
| 2014 | 608.51 billion | +9.1% |
| 2015 | 671.22 billion | +10.3% |
| 2016 | 708.78 billion | +5.6% |
| 2017 | 715.33 billion | +0.9% |
| 2018 | 796.48 billion | +11.3% |
| 2019 | 727.14 billion | -8.7% |
| 2020 | 734.43 billion | +1.0% |
| 2021 | 760.32 billion | +3.5% |
| 2022 | 795.43 billion | +4.6% |
| 2023 | 796.65 billion | +0.2% |
| 2024 | 618.25 billion | -22.4% |
Norway compared with similar countries
- Norway's 618.25 billion is above the median for high income countries, which is 248.79 billion, 2.5× the median. (52 countries reporting)
- Norway's 618.25 billion is above the median for Europe & Central Asia, which is 271.67 billion, 2.3× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 695.24 billion | 565.42 billion | 809.08 billion | 6 |
| 2010s | 643.54 billion | 512.65 billion | 796.48 billion | 10 |
| 2020s | 741.02 billion | 618.25 billion | 796.65 billion | 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 outstanding loans, commercial banks, of which: household sector loans in Norway?
- Outstanding loans, commercial banks, of which: household sector loans in Norway was 618.25 billion in 2024, according to International Monetary Fund.
- What is the highest outstanding loans, commercial banks, of which: household sector loans recorded in Norway?
- The highest recorded value was 809.08 billion in 2007.
- What is the lowest outstanding loans, commercial banks, of which: household sector loans recorded in Norway?
- The lowest recorded value was 512.65 billion in 2012.
- How does Norway rank for outstanding loans, commercial banks, of which: household sector loans?
- Norway ranks 48th out of 134 countries with data for 2024.
- Is outstanding loans, commercial banks, of which: household sector loans rising or falling in Norway?
- Over the last ten years it is up 1.6%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from International Monetary Fund, published as part of Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid updates them automatically from the source API.
Download this data
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About this data
Gender-disaggregated data on access to and use of financial services.