Credit to the private sector — all countries

Credit to the private sector — Norway

Credit to the private sector in Norway in 2024 — 124.39%. Ranked 13 in the world out of 143. Since 2001, the indicator has risen by 27.87 pp.

2024 124.39% +1.84 pp vs 2023
World rank 13of 143
Period maximum 157.28%2020
Period minimum 96.36%2006

Trend over time

2001–2024 · % of GDP

Credit to the private sector — Norway, 2001–2024801001201401602001200420072010201320162019202220242001: 96.52%2002: 102.62%2003: 106.68%2004: 104.86%2005: 106.08%2006: 96.36%2007: 105.71%2008: 117.44%2009: 125.06%2010: 125%2011: 122.17%2012: 119.81%2013: 120.96%2014: 124.74%2015: 133.53%2016: 140.31%2017: 140.4%2018: 137.85%2019: 143.93%2020: 157.28%2021: 132.76%2022: 106.52%2023: 122.55%2024: 124.39%
Change over the period: +27.87 pp Annual average: 1.21 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Norway

Norway 124.39%
World 140.32%
Northern Europe computed 105.13%
Credit to the private sector — Norway, by year Norway All countries CSV XLSX
Year % Change, pp
2024 124.39 +1.84 pp
2023 122.55 +16.03 pp
2022 106.52 −26.24 pp
2021 132.76 −24.52 pp
2020 157.28 +13.35 pp
2019 143.93 +6.08 pp
2018 137.85 −2.55 pp
2017 140.4 +0.09 pp
2016 140.31 +6.78 pp
2015 133.53 +8.79 pp
2014 124.74 +3.78 pp
2013 120.96 +1.15 pp
2012 119.81 −2.37 pp
2011 122.17 −2.83 pp
2010 125 −0.05 pp
2009 125.06 +7.61 pp
2008 117.44 +11.74 pp
2007 105.71 +9.35 pp
2006 96.36 −9.72 pp
2005 106.08 +1.22 pp
2004 104.86 −1.82 pp
2003 106.68 +4.06 pp
2002 102.62 +6.1 pp
2001 96.52

About the indicator

Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.

Source: World Economic Outlook (IMF), license IMF open data.