Deposit interest rate — all countries

Deposit interest rate — Norway

Deposit interest rate in Norway in 2025 — 3.21%. Ranked 36 in the world out of 70. Since 2013, the indicator has risen by 1.02 pp.

2025 3.21% −0.05 pp vs 2024
World rank 36of 70
Period maximum 3.26%2024
Period minimum 0.3%2021

Trend over time

2013–2025 · % per annum

Deposit interest rate — Norway, 2013–20250123420132015201720192021202320252013: 2.19%2014: 2.07%2015: 1.31%2016: 0.76%2017: 0.72%2018: 0.73%2019: 0.93%2020: 0.6%2021: 0.3%2022: 0.88%2023: 2.39%2024: 3.26%2025: 3.21%
Change over the period: +1.02 pp Annual average: 0.08 pp
Deposit interest rate — Norway, by year Norway All countries CSV XLSX
Year % Change, pp
2025 3.21 −0.05 pp
2024 3.26 +0.87 pp
2023 2.39 +1.51 pp
2022 0.88 +0.58 pp
2021 0.3 −0.3 pp
2020 0.6 −0.33 pp
2019 0.93 +0.2 pp
2018 0.73 +0.01 pp
2017 0.72 −0.04 pp
2016 0.76 −0.55 pp
2015 1.31 −0.76 pp
2014 2.07 −0.12 pp
2013 2.19

About the indicator

The average rate banks pay on time deposits of residents. Set against inflation it shows whether savings keep their purchasing power: if the deposit rate is below inflation, the real return on deposits is negative.

Important: There are no aggregates for country groups: the correct weight is the volume of deposits, and we have no such series. Adding rates without weights is meaningless: the rate of a country with a tiny banking system would weigh as much as that of a large one.

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