Total factoring volume to GDP (%) in Norway
Norway: Total factoring volume to GDP (%) was 8.5% in 2020. ▲ Rising
Total factoring volume to GDP in Norway, 2007–2020
Source: Factors Chain International. Measured in %.
Analysis
Norway recorded 8.5% for total factoring volume to gdp in 2020. That is the highest value across all 14 years on record.
The figure is up 16.6% on the previous year and up 83.6% over ten years.
Over the whole period, total factoring volume to gdp in Norway peaked at 8.5% in 2020 and was at its lowest, 4.2%, in 2014.
That places Norway 18th out of 73 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Total factoring volume to GDP (%) in Norway, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 5.8% | — |
| 2008 | 4.8% | -18.1% |
| 2009 | 5.4% | +14.2% |
| 2010 | 4.7% | -14.2% |
| 2011 | 4.6% | -1.8% |
| 2012 | 4.7% | +2.5% |
| 2013 | 4.3% | -8.2% |
| 2014 | 4.2% | -2.6% |
| 2015 | 5.2% | +24.6% |
| 2016 | 6.2% | +19.9% |
| 2017 | 6.8% | +9.3% |
| 2018 | 6.8% | -0.5% |
| 2019 | 7.3% | +7.8% |
| 2020 | 8.5% | +16.6% |
Norway compared with similar countries
- Norway's 8.5% is above the median for high income countries, which is 5.9%, 1.4× the median. (44 countries reporting)
- Norway's 8.5% is above the median for Europe & Central Asia, which is 5.9%, 1.4× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | 4.8% | 5.8% | 3 |
| 2010s | 5.5% | 4.2% | 7.3% | 10 |
| 2020s | 8.5% | 8.5% | 8.5% | 1 |
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 total factoring volume to gdp in Norway?
- Total factoring volume to gdp in Norway was 8.5% in 2020, according to Factors Chain International.
- What is the highest total factoring volume to gdp recorded in Norway?
- The highest recorded value was 8.5% in 2020.
- What is the lowest total factoring volume to gdp recorded in Norway?
- The lowest recorded value was 4.2% in 2014.
- How does Norway rank for total factoring volume to gdp?
- Norway ranks 18th out of 73 countries with data for 2020.
- Is total factoring volume to gdp rising or falling in Norway?
- Over the last ten years it is up 83.6%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from Factors Chain International, published as part of Total factoring volume to GDP (%). Statizoid updates them automatically from the source API.
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About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.