Private credit by deposit money banks to GDP in Norway
Norway: Private credit by deposit money banks to GDP was 121.3% in 2021. ◆ Volatile
Private credit by deposit money banks to GDP 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 to gdp in Norway is 121.3%, measured in 2021.
That represents a change of down 13.6% on the previous year and up 12.5% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Norway peaked at 140.4% in 2020 and was at its lowest, 30.4%, in 1980.
Norway ranks 19th of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks to GDP in Norway, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 31.7% | — |
| 1961 | 32.3% | +1.7% |
| 1962 | 32.5% | +0.6% |
| 1963 | 32.3% | -0.4% |
| 1964 | 31.9% | -1.2% |
| 1965 | 31.1% | -2.6% |
| 1966 | 32.0% | +2.9% |
| 1967 | 31.8% | -0.6% |
| 1968 | 32.4% | +1.9% |
| 1969 | 33.9% | +4.6% |
| 1970 | 32.4% | -4.4% |
| 1971 | 32.8% | +1.2% |
| 1972 | 33.4% | +1.8% |
| 1973 | 33.3% | -0.3% |
| 1974 | 32.7% | -1.9% |
| 1975 | 33.2% | +1.7% |
| 1976 | 30.6% | -7.8% |
| 1977 | 31.7% | +3.5% |
| 1978 | 31.2% | -1.7% |
| 1979 | 31.4% | +0.9% |
| 1980 | 30.4% | -3.3% |
| 1981 | 30.7% | +1.0% |
| 1982 | 31.5% | +2.5% |
| 1983 | 32.4% | +2.9% |
| 1984 | 36.4% | +12.4% |
| 1985 | 42.9% | +17.9% |
| 1986 | 53.1% | +23.8% |
| 1987 | 59.6% | +12.2% |
| 1988 | 61.2% | +2.6% |
| 1989 | 62.3% | +1.8% |
| 1990 | 61.6% | -1.1% |
| 1991 | 55.9% | -9.3% |
| 1992 | 55.0% | -1.5% |
| 1993 | 53.4% | -2.9% |
| 1994 | 53.5% | +0.0% |
| 1995 | 54.8% | +2.4% |
| 1996 | 56.9% | +3.8% |
| 1997 | 62.0% | +9.1% |
| 1998 | 68.9% | +11.1% |
| 1999 | 67.1% | -2.6% |
| 2000 | 64.3% | -4.2% |
| 2001 | 68.7% | +6.9% |
| 2002 | 73.3% | +6.7% |
| 2003 | 76.1% | +3.7% |
| 2004 | 75.9% | -0.2% |
| 2005 | 79.6% | +4.8% |
| 2006 | 84.8% | +6.6% |
| 2007 | 99.4% | +17.2% |
| 2008 | 102.4% | +3.0% |
| 2009 | 109.2% | +6.6% |
| 2010 | 110.1% | +0.9% |
| 2011 | 107.9% | -2.0% |
| 2012 | 105.8% | -2.0% |
| 2013 | 107.1% | +1.2% |
| 2014 | 110.2% | +3.0% |
| 2015 | 118.1% | +7.2% |
| 2016 | 123.6% | +4.6% |
| 2017 | 124.3% | +0.6% |
| 2018 | 121.8% | -2.0% |
| 2019 | 127.8% | +4.9% |
| 2020 | 140.4% | +9.9% |
| 2021 | 121.3% | -13.6% |
Norway compared with similar countries
- Norway's 121.3% is above the median for high income countries, which is 79.1%, 1.5× the median. (62 countries reporting)
- Norway's 121.3% is above the median for Europe & Central Asia, which is 56.3%, 2.2× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 32.2% | 31.1% | 33.9% | 10 |
| 1970s | 32.3% | 30.6% | 33.4% | 10 |
| 1980s | 44.0% | 30.4% | 62.3% | 10 |
| 1990s | 58.9% | 53.4% | 68.9% | 10 |
| 2000s | 83.4% | 64.3% | 109.2% | 10 |
| 2010s | 115.7% | 105.8% | 127.8% | 10 |
| 2020s | 130.9% | 121.3% | 140.4% | 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 to gdp in Norway?
- Private credit by deposit money banks to gdp in Norway was 121.3% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Norway?
- The highest recorded value was 140.4% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Norway?
- The lowest recorded value was 30.4% in 1980.
- How does Norway rank for private credit by deposit money banks to gdp?
- Norway ranks 19th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Norway?
- Over the last ten years it is up 12.5%. The long-run trend across the full record is volatile.
- 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 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 (IFS line 22d); 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).