Norway Domestic Credit Growth

1986 - 2023 | Monthly | % | CEIC Data

Key information about Norway Domestic Credit Growth

  • Norway Domestic Credit increased 4.4 % YoY in Jul 2023, compared with an increase of 4.6 % YoY in the previous month
  • Norway Domestic Credit Growth YoY data is updated monthly
  • It averaged 6.4 %, available from Dec 1986 to Jul 2023
  • The data reached an all-time high of 24.4 % in Feb 1987 and a record low of -4.8 % in Oct 1992

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. Statistics Norway provides Domestic Credit in local currency.


Further information about Norway Domestic Credit Growth

  • In the latest reports, Norway Domestic Credit reached 707.4 USD bn in Jul 2023
  • Money Supply M2 in Norway increased to 285.3 USD bn YoY in Jun 2023
  • Norway Foreign Exchange Reserves was measured at 71.9 USD bn in Jul 2023
  • The Foreign Exchange Reserves equaled 10.1 Months of Import in Jul 2023
  • The country's Non Performing Loans Ratio stood at 0.5 % in Dec 2021, compared with the ratio of 0.5 % in the previous year
  • Household Debt of Norway reached 81.9 % in Mar 2023, accounting for 81.9 % of the country's Nominal GDP

View Norway's Domestic Credit Growth from Dec 1986 to Jul 2023 in the chart:

Norway Domestic Credit Growth

What was Norway's Domestic Credit Growth in Jul 2023?

Norway Domestic Credit increased 4.4 % YoY in Jul 2023, compared with an increase of 4.6 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.4 Jul 2023 4.6 Jun 2023 -4.8 Oct 1992 24.4 Feb 1987 % monthly Dec 1986 - Jul 2023

Domestic Credit Growth by Country Comparison

Buy Selected Data

Includes Domestic Credit Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -0.6 Jul 2023 monthly Dec 2003 - Jul 2023
Algeria (%) -2.6 Jun 2023 monthly Dec 2002 - Jun 2023
Argentina (%) 139.9 Jun 2023 monthly Jan 1991 - Jun 2023
Armenia (%) 12.8 Jun 2023 monthly Dec 1994 - Jun 2023
Australia (%) 1.4 Jun 2023 monthly Dec 2002 - Jun 2023
Austria (%) 5.0 Jun 2023 monthly Jan 2000 - Jun 2023
Azerbaijan (%) 21.2 Jun 2023 monthly Dec 2002 - Jun 2023
Bahrain (%) 5.4 Jun 2023 monthly Sep 1992 - Jun 2023
Bangladesh (%) 15.3 Jun 2023 monthly Jul 1988 - Jun 2023
Belarus (%) 7.6 Jul 2023 monthly Dec 2007 - Jul 2023
Belgium (%) 2.5 Jun 2023 monthly Jan 2000 - Jun 2023
Bolivia (%) 8.3 Dec 2022 monthly Dec 2002 - Dec 2022
Bosnia and Herzegovina (%) 8.6 Jun 2023 monthly Aug 1998 - Jun 2023
Botswana (%) -0.6 Dec 2022 quarterly Dec 2005 - Dec 2022
Brazil (%) 11.8 Jul 2023 monthly Dec 2002 - Jul 2023
Brunei (%) -8.3 Mar 2023 monthly Jan 2000 - Mar 2023
Bulgaria (%) 7.8 May 2023 monthly Dec 1994 - May 2023
Cambodia (%) 9.8 Jul 2023 monthly Dec 1995 - Jul 2023
Canada (%) 3.7 Jun 2023 monthly Jan 1970 - Jun 2023
Chile (%) 3.9 Jun 2023 monthly Dec 1979 - Jun 2023
China (%) 10.8 Jun 2023 monthly Jun 2000 - Jun 2023
Colombia (%) 8.0 May 2023 monthly Jan 1994 - May 2023
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) -10.4 Jul 2023 monthly Nov 2006 - Jul 2023
Czech Republic (%) 9.5 Jul 2023 monthly Jan 2003 - Jul 2023
Denmark (%) 18.0 Sep 2022 monthly Dec 2002 - Sep 2022
Ecuador (%) 11.8 Jul 2023 monthly Jan 2007 - Jul 2023
Egypt (%) 34.6 Jul 2023 monthly Jan 1997 - Jul 2023
Estonia (%) 9.5 Jun 2023 monthly Jun 1993 - Jun 2023
European Union (%) 2.4 Jun 2023 monthly Sep 1998 - Jun 2023
Finland (%) -1.9 Jun 2023 monthly Jan 2000 - Jun 2023
France (%) 2.9 Jun 2023 monthly Jan 2000 - Jun 2023
Georgia (%) 10.7 Jul 2023 monthly Oct 1996 - Jul 2023
Germany (%) 5.7 Jun 2023 monthly Jan 2000 - Jun 2023
Ghana (%) 28.6 Jun 2023 monthly Jan 1968 - Jun 2023
Greece (%) 4.6 Jun 2023 monthly Jan 2002 - Jun 2023
Hong Kong SAR, China (%) -0.4 May 2023 monthly Dec 1991 - May 2023
Hungary (%) 7.0 Jul 2023 monthly Jan 1999 - Jul 2023
Iceland (%) 7.3 Jul 2023 monthly Sep 1994 - Jul 2023
India (%) 15.6 Jun 2023 monthly Mar 2000 - Jun 2023
Indonesia (%) 5.7 Jul 2023 monthly Jan 2005 - Jul 2023
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) 1.1 Jun 2023 monthly Jan 2000 - Jun 2023
Israel (%) 3.4 May 2023 monthly Dec 2000 - May 2023
Italy (%) -1.3 Jun 2023 monthly Jan 2000 - Jun 2023
Ivory Coast (%) 18.0 Jun 2023 monthly Jan 1965 - Jun 2023
Japan (%) 2.6 Jun 2023 monthly Apr 2004 - Jun 2023
Jordan (%) 2.6 Jul 2023 monthly Jan 2003 - Jul 2023
Kazakhstan (%) 19.2 Jul 2023 monthly Dec 2002 - Jul 2023
Kenya (%) 12.2 Jun 2023 monthly Dec 1996 - Jun 2023
South Korea (%) 3.4 Jul 2023 monthly Dec 2002 - Jul 2023
Kosovo (%) 15.5 Jul 2023 monthly Nov 2008 - Jul 2023
Kuwait (%) 0.0 Jul 2023 monthly Jan 1995 - Jul 2023
Kyrgyzstan (%) 17.1 Jul 2023 monthly Dec 2003 - Jul 2023
Laos (%) 22.4 Jun 2023 quarterly Dec 1992 - Jun 2023
Latvia (%) 9.8 Jun 2023 monthly Jul 2004 - Jun 2023
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) 4.9 Jun 2023 monthly Dec 1994 - Jun 2023
Luxembourg (%) -2.6 Jun 2023 monthly Jan 2000 - Jun 2023
Macau SAR, China (%) 15.7 Jul 2023 monthly Jun 1985 - Jul 2023
North Macedonia (%) 7.8 Jul 2023 monthly Jan 2004 - Jul 2023
Malawi (%) 32.7 Jun 2023 monthly Jan 1976 - Jun 2023
Malaysia (%) 5.8 Jul 2023 monthly Jan 1988 - Jul 2023
Malta (%) 4.1 Jul 2023 monthly Jan 2009 - Jul 2023
Mauritius (%) 9.2 Jul 2023 monthly Jun 2006 - Jul 2023
Mexico (%) 9.5 Jun 2023 monthly Dec 2002 - Jun 2023
Moldova (%) 9.6 Jul 2023 monthly Jan 2001 - Jul 2023
Mongolia (%) 1.4 Jul 2023 monthly Dec 1993 - Jul 2023
Montenegro (%) 9.4 Jul 2023 monthly Jan 2006 - Jul 2023
Morocco (%) 4.9 Jul 2023 monthly Dec 2002 - Jul 2023
Mozambique (%) 12.0 Jul 2023 monthly Dec 2002 - Jul 2023
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 8.8 Jul 2023 monthly Jan 2002 - Jul 2023
Netherlands (%) 4.9 Jun 2023 monthly Dec 2002 - Jun 2023
New Zealand (%) 1.4 Jul 2023 monthly Mar 1989 - Jul 2023
Nigeria (%) 44.2 Jul 2023 monthly Nov 1993 - Jul 2023
Norway (%) 4.4 Jul 2023 monthly Dec 1986 - Jul 2023
Oman (%) 0.2 Jun 2023 monthly Dec 2000 - Jun 2023
Pakistan (%) 23.8 Jun 2023 monthly Jun 2009 - Jun 2023
Palestinian Territory (%) 5.4 Jul 2023 monthly Dec 1999 - Jul 2023
Panama (%) 5.2 Jul 2023 monthly Dec 2002 - Jul 2023
Paraguay (%) 13.8 Jun 2023 monthly Dec 2002 - Jun 2023
Peru (%) 11.3 Jan 2023 monthly Jan 1993 - Jan 2023
Philippines (%) 10.1 Jun 2023 monthly Dec 2002 - Jun 2023
Poland (%) 1.5 Jul 2023 monthly Dec 1997 - Jul 2023
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 5.3 Jul 2023 monthly Jan 2008 - Jul 2023
Romania (%) 8.2 Jul 2023 monthly Dec 2005 - Jul 2023
Russia (%) 26.3 Jul 2023 monthly Dec 2001 - Jul 2023
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) -8.9 May 2023 monthly Dec 2004 - May 2023
Singapore (%) -3.3 Jul 2023 monthly Mar 2005 - Jul 2023
Slovakia (%) 1.7 Jun 2023 monthly Jan 2007 - Jun 2023
Slovenia (%) 5.7 Jun 2023 monthly Jan 2005 - Jun 2023
South Africa (%) 8.9 Jul 2023 monthly Mar 1966 - Jul 2023
Spain (%) -2.9 Jun 2023 monthly Jan 2000 - Jun 2023
Sri Lanka (%) 3.0 Jul 2023 monthly Jan 1997 - Jul 2023
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) 28.7 Sep 2022 monthly Dec 2002 - Sep 2022
Switzerland (%) 0.7 Jun 2023 monthly Dec 1988 - Jun 2023

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Norway Key Series

Buy Selected Data

Includes 228 key indicators for Norway, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 25.5 Mar 2023 quarterly Dec 2002 - Mar 2023
Consolidated Fiscal Balance (USD mn) 26,969.603 Mar 2023 quarterly Mar 2002 - Mar 2023
Tax Revenue (USD mn) 39,706.155 Mar 2023 quarterly Mar 2002 - Mar 2023
Tax Revenue: % of GDP (%) 31.7 Mar 2023 quarterly Mar 2002 - Mar 2023
National Government Debt (USD mn) 203,080.5 2021 yearly 1995 - 2021
Government Debt: % of GDP (%) 42.5 2021 yearly 1995 - 2021
Forecast: Government Expenditure (NOK bn) 2,769.251 2028 yearly 1980 - 2028
Forecast: Government Net Debt (NOK bn) 2,244.310 2028 yearly 1980 - 2028
Forecast: Government Revenue (NOK bn) 3,832.391 2028 yearly 1980 - 2028
General Govt Taxes: GS: Value Added Tax (NOK mn) 338,000.000 2021 yearly 1995 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.276 2028 yearly 1980 - 2028
Trade Balance (USD mn) 5,991.8 Jul 2023 monthly Jan 1957 - Jul 2023
Total Exports (USD mn) 13,022.8 Jul 2023 monthly Jan 1975 - Jul 2023
Total Exports Growth (%) -48.2 Jul 2023 monthly Jan 1976 - Jul 2023
Aluminum: Exports (USD th) 6,135,979.913 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 448,682.646 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 277,185.408 2022 yearly 1995 - 2022
Total Imports (USD mn) 7,030.9 Jul 2023 monthly Jan 1976 - Jul 2023
Total Imports Growth (%) -4.5 Jul 2023 monthly Jan 1977 - Jul 2023
Imports: Medicament (USD th) 1,781,332.513 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,061,381.998 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 576.342 Jul 2023 monthly Jan 1988 - Jul 2023
Total Imports from USA (USD mn) 444.626 Jul 2023 monthly Apr 1963 - Jul 2023
Total Exports to China (USD mn) 243.281 Jul 2023 monthly Mar 1977 - Jul 2023
Total Imports from China (USD mn) 825.839 Jul 2023 monthly Apr 1963 - Jul 2023
Exports: Crude Oil (NOK mn) 45,544.000 Jul 2023 monthly Jan 1974 - Jul 2023
Imports (NOK mn) 71,953.000 Jul 2023 monthly Jan 1976 - Jul 2023
Exports (NOK mn) 133,273.000 Jul 2023 monthly Jan 1975 - Jul 2023
Exports: Netherlands (NOK th) 11,162,734.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: United Kingdom (NOK th) 26,746,312.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: Sweden (NOK th) 9,336,493.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: Germany (NOK th) 23,995,255.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: France (NOK th) 6,866,775.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Chemical and Related Product (NOK th) 6,022,668.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Food and Live Animals (NOK th) 12,748,941.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Manufactured Goods (NOK th) 9,748,837.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 90,896,159.000 Jul 2023 monthly Jan 1988 - Jul 2023
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 8,418,997.000 Jul 2023 monthly Jan 1988 - Jul 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,148.7 Jun 2023 quarterly Mar 1994 - Jun 2023
Current Account Balance (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Current Account Balance: % of GDP (%) 14.4 Jun 2023 quarterly Mar 1981 - Jun 2023
Foreign Direct Investment (USD mn) -1,763.3 Jun 2023 quarterly Mar 2005 - Jun 2023
Foreign Direct Investment: % of GDP (%) -0.9 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Portfolio Investment (USD mn) -4,157.095 Jun 2023 quarterly Mar 1994 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) -3.7 Jun 2023 quarterly Mar 1994 - Jun 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,416.9 Jun 2023 quarterly Mar 2005 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -2,740.158 Jun 2023 quarterly Mar 2005 - Jun 2023
External Debt (USD mn) 737,752.2 Jun 2023 quarterly Mar 2003 - Jun 2023
External Debt: % of GDP (%) 135.8 2022 yearly 2003 - 2022
External Debt: Short Term (USD mn) 332,971.2 Dec 2022 quarterly Mar 2012 - Dec 2022
External Debt: Short Term: % of GDP (%) 58.8 2022 yearly 2012 - 2022
Total Debt: % of GDP (%) 535.6 Jun 2023 quarterly Dec 1995 - Jun 2023
Forecast: Current Account Balance (USD bn) 86.845 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 1,383,663.405 Jun 2023 quarterly Mar 2012 - Jun 2023
BoP: Financial Account (FA): Foreign Assets (NOK mn) 102,490.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 12,294.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 258,647.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Assets: Other Investments (NOK mn) -171,135.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) 2,684.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Liabilities (NOK mn) -160,624.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) -18,872.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) -44,492.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) -97,260.000 Jun 2023 quarterly Mar 2005 - Jun 2023
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 61,807.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: BI: Net Current Transfers (NOK mn) -24,571.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: Current Account Balance (NOK mn) 171,339.000 Jun 2023 quarterly Mar 1981 - Jun 2023
IIP: Foreign Assets (NOK mn) 25,416,092.000 Jun 2023 quarterly Mar 2012 - Jun 2023
IIP: Foreign Liabilities (NOK mn) 10,595,950.000 Jun 2023 quarterly Mar 2012 - Jun 2023
Gross External Debt (NOK mn) 7,901,916.000 Jun 2023 quarterly Mar 2012 - Jun 2023
Gross Debt: External Loan Debt: General Public (NOK mn) 1,222,575.000 Dec 2018 quarterly Dec 2015 - Dec 2018
Foreign Direct Investment: Stock (NOK mn) 1,453,884.000 2021 yearly 2004 - 2021
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 3,813.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 87,288.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 15,219.000 2021 yearly 2004 - 2021
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 184,148.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 265,470.000 2021 yearly 1998 - 2021
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
No of Bankruptcies: SIC 2007 (Unit) 1,068.000 Jun 2023 quarterly Mar 2006 - Jun 2023
No of New Registered Enterprises (Unit) 15,277.000 Jun 2023 quarterly Mar 2001 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 2021 yearly 1990 - 2021
Household Debt: % of GDP (%) 85.1 Jun 2023 quarterly Dec 1995 - Jun 2023
Money Supply M1 (USD mn) 276,494.714 Jul 2023 monthly Dec 1992 - Jul 2023
Money Supply M2 (USD mn) 307,978.598 Jul 2023 monthly Dec 1992 - Jul 2023
M2 Growth (%) -0.7 Jul 2023 monthly Dec 1993 - Jul 2023
Reserve Requirement Ratio (%) 3.0 Aug 2023 monthly Oct 2011 - Aug 2023
Foreign Exchange Reserves (USD mn) 70,200.5 Aug 2023 monthly Jan 1999 - Aug 2023
Foreign Exchange Reserves: % of GDP (%) 14.070 Jun 2023 quarterly Mar 1999 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 10.1 Jul 2023 monthly Jan 1999 - Jul 2023
Gold Reserves (USD mn) 0.000 Aug 2023 monthly Dec 1959 - Aug 2023
Total Deposits (USD mn) 492,567.425 Jul 2023 monthly May 2009 - Jul 2023
Total Deposits Growth (%) 1.4 Jul 2023 monthly May 2010 - Jul 2023
Domestic Credit (USD mn) 707,377.8 Jul 2023 monthly Dec 1985 - Jul 2023
Domestic Credit Growth (%) 4.4 Jul 2023 monthly Dec 1986 - Jul 2023
Debt Service Ratio: Households (%) 12.900 Dec 2022 quarterly Mar 1999 - Dec 2022
Debt Service Ratio: Private Non-Financial Sector (%) 24.200 Dec 2022 quarterly Mar 1999 - Dec 2022
Credit to Households (USD bn) 435.051 Dec 2022 quarterly Mar 1975 - Dec 2022
Credit to Private Non-Financial Sector (USD bn) 1,080.217 Dec 2022 quarterly Dec 1953 - Dec 2022
Household Debt (USD mn) 430,059.9 Jun 2023 quarterly Dec 1995 - Jun 2023
Total Loans (USD mn) 726,685.962 Jun 2023 monthly Mar 1996 - Jun 2023
Total Loans Growth (%) 6.05 Jun 2023 monthly Mar 1997 - Jun 2023
Private Debt: % of Nominal GDP (%) 111.09 Jun 2023 quarterly Mar 1996 - Jun 2023
Official Reserve Assets (NOK mn) 840,861.000 Aug 2023 monthly Jan 1999 - Aug 2023
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 680,197.000 Aug 2023 monthly Jan 1999 - Aug 2023
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.8 Aug 2023 monthly Feb 2005 - Aug 2023
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

More Indicators for Norway

Check out our pricing options.

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

View pricing options

CEIC Flex

from $49

Entry level access to the CEIC platform for individual users. Download limits apply. Payable monthly by credit card.

View this option

CEIC Unlimited

Request a Demo

Full and unlimited access to CEIC data for multiple users. Suitable for enterprise usage. Available via annual subscription to one or more of CEIC’s global and premium databases.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data