Private credit by deposit money banks and other financial in Norway
Norway: Private credit by deposit money banks and other financial was 143.6% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Norway, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in Norway is 143.6%, measured in 2021.
That represents a change of down 13.5% on the previous year and up 14.2% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Norway peaked at 166.0% in 2020 and was at its lowest, 48.9%, in 1965.
That places Norway 13th out of 187 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently rising across the 62 years of available data.
Private credit by deposit money banks and other financial in Norway, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 49.6% | — |
| 1961 | 50.1% | +1.1% |
| 1962 | 50.4% | +0.5% |
| 1963 | 50.5% | +0.3% |
| 1964 | 49.9% | -1.2% |
| 1965 | 48.9% | -2.1% |
| 1966 | 49.6% | +1.6% |
| 1967 | 49.5% | -0.3% |
| 1968 | 50.8% | +2.7% |
| 1969 | 53.8% | +5.9% |
| 1970 | 52.2% | -3.1% |
| 1971 | 53.3% | +2.1% |
| 1972 | 55.0% | +3.3% |
| 1973 | 55.2% | +0.3% |
| 1974 | 54.1% | -2.0% |
| 1975 | 55.3% | +2.2% |
| 1976 | 53.8% | -2.7% |
| 1977 | 50.8% | -5.6% |
| 1978 | 51.8% | +2.0% |
| 1979 | 52.7% | +1.7% |
| 1980 | 50.5% | -4.1% |
| 1981 | 50.1% | -0.9% |
| 1982 | 50.5% | +0.9% |
| 1983 | 50.6% | +0.2% |
| 1984 | 54.0% | +6.7% |
| 1985 | 59.6% | +10.4% |
| 1986 | 70.3% | +17.9% |
| 1987 | 76.5% | +8.8% |
| 1988 | 78.5% | +2.6% |
| 1989 | 79.7% | +1.4% |
| 1990 | 79.1% | -0.7% |
| 1991 | 73.7% | -6.8% |
| 1992 | 73.4% | -0.4% |
| 1993 | 70.4% | -4.0% |
| 1994 | 69.0% | -2.0% |
| 1995 | 69.2% | +0.2% |
| 1996 | 69.7% | +0.8% |
| 1997 | 73.6% | +5.5% |
| 1998 | 81.0% | +10.1% |
| 1999 | 78.7% | -2.9% |
| 2000 | 74.4% | -5.4% |
| 2001 | 79.1% | +6.3% |
| 2002 | 84.0% | +6.2% |
| 2003 | 86.4% | +2.9% |
| 2004 | 85.3% | -1.3% |
| 2005 | 88.2% | +3.4% |
| 2006 | 92.7% | +5.1% |
| 2007 | 107.5% | +16.0% |
| 2008 | 119.9% | +11.5% |
| 2009 | 128.1% | +6.8% |
| 2010 | 128.3% | +0.2% |
| 2011 | 125.7% | -2.0% |
| 2012 | 123.5% | -1.8% |
| 2013 | 125.0% | +1.2% |
| 2014 | 129.1% | +3.3% |
| 2015 | 138.7% | +7.4% |
| 2016 | 145.8% | +5.1% |
| 2017 | 146.5% | +0.5% |
| 2018 | 143.4% | -2.1% |
| 2019 | 150.8% | +5.2% |
| 2020 | 166.0% | +10.1% |
| 2021 | 143.6% | -13.5% |
Norway compared with similar countries
- Norway's 143.6% is above the median for high income countries, which is 84.9%, 1.7× the median. (62 countries reporting)
- Norway's 143.6% is above the median for Europe & Central Asia, which is 56.3%, 2.6× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 50.3% | 48.9% | 53.8% | 10 |
| 1970s | 53.4% | 50.8% | 55.3% | 10 |
| 1980s | 62.0% | 50.1% | 79.7% | 10 |
| 1990s | 73.8% | 69.0% | 81.0% | 10 |
| 2000s | 94.6% | 74.4% | 128.1% | 10 |
| 2010s | 135.7% | 123.5% | 150.8% | 10 |
| 2020s | 154.8% | 143.6% | 166.0% | 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 private credit by deposit money banks and other financial in Norway?
- Private credit by deposit money banks and other financial in Norway was 143.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Norway?
- The highest recorded value was 166.0% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Norway?
- The lowest recorded value was 48.9% in 1965.
- How does Norway rank for private credit by deposit money banks and other financial?
- Norway ranks 13th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Norway?
- Over the last ten years it is up 14.2%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)