Norway M2 Growth

1993 - 2021 | Monthly | % | CEIC Data

Norway Money Supply M2 increased 9.0 % YoY in Apr 2021, compared with a growth of 9.6 % in the previous month. Norway Money Supply M2 growth data is updated monthly, available from Dec 1993 to Apr 2021. The data reached an all-time high of 17.5 % in Oct 2007 and a record low of -4.6 % in Dec 2008. CEIC calculates M2 Growth Rate from monthly M2. Statistics Norway provides M2 in local currency.

In the latest reports, Norway Foreign Exchange Reserves was measured at 76.9 USD bn in Apr 2021. The Foreign Exchange Reserves equaled 9.8 Months of Import in Apr 2021. Norway Domestic Credit reached 773.1 USD bn in Apr 2021, representing an increased of 4.4 % YoY. The country's Non Performing Loans Ratio stood at 0.5 % in Dec 2018, compared with the ratio of 0.7 % in the previous year.

View Norway's M2 Growth from Dec 1993 to Apr 2021 in the chart:

Norway M2 Growth

What was Norway's M2 Growth in Apr 2021?

Last Previous Min Max Unit Frequency Range
9.0 Apr 2021 9.6 Mar 2021 -4.6 Dec 2008 17.5 Oct 2007 % monthly Dec 1993 - Apr 2021

M2 Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 9.9 May 2021 monthly Dec 1994 - May 2021
Algeria (%) -0.8 Dec 2019 monthly Jan 2002 - Dec 2019
Argentina (%) 37.5 May 2021 monthly Jan 1991 - May 2021
Armenia (%) 13.3 May 2021 monthly Jan 2003 - May 2021
Australia (%) 7.0 May 2021 monthly Mar 1966 - May 2021
Austria (%) 7.3 Apr 2021 monthly Sep 1998 - Apr 2021
Azerbaijan (%) 25.1 Jun 2021 monthly Dec 1996 - Jun 2021
Bahrain (%) 4.3 May 2021 monthly Dec 1975 - May 2021
Bangladesh (%) 12.9 May 2021 monthly Jun 1987 - May 2021
Belarus (%) -0.3 Jun 2021 monthly Dec 1990 - Jun 2021
Belgium (%) 4.6 May 2021 monthly Dec 1997 - May 2021
Bolivia (%) 1.7 May 2021 monthly Dec 1988 - May 2021
Bosnia and Herzegovina (%) 10.6 May 2021 monthly Aug 1998 - May 2021
Botswana (%) 5.3 Feb 2021 monthly Jan 2002 - Feb 2021
Brazil (%) 11.3 May 2021 monthly Jan 1971 - May 2021
Bulgaria (%) 13.0 Jun 2021 monthly Dec 1996 - Jun 2021
Cambodia (%) 20.3 Apr 2021 monthly Jan 1996 - Apr 2021
Canada (%) 13.4 May 2021 monthly Jan 1969 - May 2021
Chile (%) 7.6 Jun 2021 monthly Jan 1987 - Jun 2021
China (%) 8.6 Jun 2021 monthly Mar 1997 - Jun 2021
Colombia (%) 6.5 Jun 2021 monthly Dec 1980 - Jun 2021
Croatia (%) 9.7 May 2021 monthly Dec 2002 - May 2021
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 10.3 Apr 2021 monthly Jan 2003 - Apr 2021
Denmark (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Ecuador (%) 9.4 May 2021 monthly Dec 2007 - May 2021
Egypt (%) 18.1 Jun 2021 monthly Jan 1997 - Jun 2021
Estonia (%) 20.6 May 2021 monthly Jan 2012 - May 2021
European Union (%) 7.5 Jun 2021 monthly Jan 1981 - Jun 2021
Finland (%) 7.4 Apr 2021 monthly Jan 1981 - Apr 2021
France (%) 7.4 May 2021 monthly Dec 1978 - May 2021
Georgia (%) 17.2 Jun 2021 monthly Oct 1996 - Jun 2021
Germany (%) 7.3 Apr 2021 monthly Jan 1970 - Apr 2021
Ghana (%) 35.1 Dec 2020 quarterly Mar 1991 - Dec 2020
Greece (%) 12.0 May 2021 monthly Jan 2002 - May 2021
Hong Kong SAR, China (%) 7.1 May 2021 monthly Dec 1981 - May 2021
Hungary (%) 16.4 May 2021 monthly Jan 1999 - May 2021
Iceland (%) 9.6 Jun 2021 monthly Sep 1987 - Jun 2021
India (%) 14.9 Jun 2021 monthly Mar 1995 - Jun 2021
Indonesia (%) 11.4 Jun 2021 monthly Feb 1969 - Jun 2021
Iran (%) 40.6 Mar 2021 monthly Dec 2000 - Mar 2021
Ireland (%) 16.7 Apr 2021 monthly Jan 2000 - Apr 2021
Israel (%) 18.6 Apr 2021 monthly Apr 1982 - Apr 2021
Italy (%) 8.6 May 2021 monthly Dec 1975 - May 2021
Ivory Coast (%) 22.1 Feb 2021 monthly Jan 2005 - Feb 2021
Japan (%) 5.9 Jun 2021 monthly Jan 1968 - Jun 2021
Jordan (%) 5.5 Apr 2021 monthly Jan 1991 - Apr 2021
Kazakhstan (%) 27.8 Jun 2021 monthly Dec 1994 - Jun 2021
Kenya (%) 6.9 May 2021 monthly Dec 1996 - May 2021
South Korea (%) 10.4 Feb 2021 monthly Jan 1971 - Feb 2021
Kosovo (%) 12.6 2019 yearly 2002 - 2019
Kuwait (%) -1.6 May 2021 monthly Jan 1995 - May 2021
Kyrgyzstan (%) 13.7 Apr 2021 monthly Jan 1995 - Apr 2021
Laos (%) 15.4 Mar 2021 quarterly Dec 2000 - Mar 2021
Latvia (%) 12.5 Apr 2021 monthly Jan 2015 - Apr 2021
Lebanon (%) 27.1 May 2021 monthly Dec 1980 - May 2021
Lithuania (%) 26.2 Mar 2021 monthly Dec 1994 - Mar 2021
Luxembourg (%) 15.2 Jun 2021 monthly Jan 2000 - Jun 2021
Macau SAR, China (%) 2.4 May 2021 monthly Jun 1985 - May 2021
North Macedonia (%) 10.2 Jun 2021 monthly Jan 2004 - Jun 2021
Malawi (%) 18.7 Dec 2020 monthly Jan 1976 - Dec 2020
Malaysia (%) 3.8 May 2021 monthly Dec 1970 - May 2021
Malta (%) 8.2 Jun 2021 monthly Jan 2009 - Jun 2021
Mauritius (%) 21.2 May 2021 monthly Jul 1977 - May 2021
Mexico (%) 4.0 Apr 2021 monthly Dec 1986 - Apr 2021
Moldova (%) 24.6 Jun 2021 monthly Jan 2001 - Jun 2021
Mongolia (%) 29.8 Jun 2021 monthly Dec 1997 - Jun 2021
Montenegro (%) -1.7 2019 yearly 2003 - 2019
Morocco (%) 6.9 May 2021 monthly Jan 1986 - May 2021
Mozambique (%) 22.8 Jan 2021 monthly Dec 2002 - Jan 2021
Myanmar (%) 18.2 Dec 2020 quarterly Dec 2002 - Dec 2020
Nepal (%) 23.4 May 2021 monthly Jan 2002 - May 2021
Netherlands (%) 5.7 May 2021 monthly Dec 1957 - May 2021
New Zealand (%) 6.0 May 2021 monthly Mar 1989 - May 2021
Nigeria (%) 18.9 Jun 2021 monthly Nov 1993 - Jun 2021
Norway (%) 9.0 Apr 2021 monthly Dec 1993 - Apr 2021
Oman (%) 6.5 May 2021 monthly Jan 2000 - May 2021
Pakistan (%) 12.7 May 2021 monthly Jan 1989 - May 2021
Palestinian Territory (%) 3.2 Jan 2019 monthly Jul 2003 - Jan 2019
Panama (%) 8.7 Mar 2021 monthly Dec 2003 - Mar 2021
Paraguay (%) 11.1 Jun 2021 monthly Dec 1989 - Jun 2021
Peru (%) 27.0 Mar 2021 monthly Jan 1993 - Mar 2021
Philippines (%) 5.7 Apr 2021 monthly Dec 1989 - Apr 2021
Poland (%) 7.5 Jun 2021 monthly Dec 1997 - Jun 2021
Portugal (%) 11.3 Jun 2021 monthly Dec 1980 - Jun 2021
Qatar (%) 2.3 Apr 2021 monthly Jan 1983 - Apr 2021
Romania (%) 17.1 Jun 2021 monthly Dec 2002 - Jun 2021
Russia (%) 11.5 May 2021 monthly Dec 1992 - May 2021
Saudi Arabia (%) 4.9 May 2021 monthly Jan 1994 - May 2021
Serbia (%) 13.1 Jun 2021 monthly Aug 2002 - Jun 2021
Singapore (%) 7.0 May 2021 monthly Jan 1980 - May 2021
Slovakia (%) 8.7 Apr 2021 monthly Dec 2001 - Apr 2021
Slovenia (%) 11.2 May 2021 monthly Jan 2008 - May 2021
South Africa (%) 3.7 May 2021 monthly Mar 1966 - May 2021
Spain (%) 5.8 May 2021 monthly Jan 1963 - May 2021
Sri Lanka (%) 19.8 May 2021 monthly Jan 1995 - May 2021
Sudan (%) 202.4 Mar 2021 monthly Dec 2004 - Mar 2021
Sweden (%) 12.0 Jun 2021 monthly Jan 1999 - Jun 2021
Switzerland (%) 6.0 Mar 2021 monthly Dec 1985 - Mar 2021

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Norway Key Series

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Includes 231 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 (%) -3.4 Dec 2020 quarterly Dec 2002 - Dec 2020
Consolidated Fiscal Balance (USD mn) -6,806.912 Dec 2020 quarterly Mar 2002 - Dec 2020
Tax Revenue (USD mn) 26,908.636 Dec 2020 quarterly Mar 2002 - Dec 2020
Tax Revenue: % of GDP (%) 27.3 Mar 2021 quarterly Mar 2002 - Mar 2021
National Government Debt (USD mn) 183,003.3 2020 yearly 1995 - 2020
Government Debt: % of GDP (%) 46.0 2020 yearly 1995 - 2020
Forecast: Government Expenditure (NOK bn) 2,303.270 2026 yearly 1980 - 2026
Forecast: Government Net Debt (NOK bn) 1,827.950 2026 yearly 1980 - 2026
Forecast: Government Revenue (NOK bn) 2,497.400 2026 yearly 1980 - 2026
General Govt Taxes: GS: Value Added Tax (NOK mn) 311,600.000 2020 yearly 1995 - 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.156 2026 yearly 1980 - 2026
Trade Balance (USD mn) 2,970.8 Jun 2021 monthly Jan 1957 - Jun 2021
Total Exports (USD mn) 11,620.1 Jun 2021 monthly Jan 1975 - Jun 2021
Total Exports Growth (%) 70.7 Jun 2021 monthly Jan 1976 - Jun 2021
Aluminum: Exports (USD th) 3,197,169.054 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 538,047.304 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 241,321.039 2020 yearly 1995 - 2020
Total Imports (USD mn) 8,649.3 Jun 2021 monthly Jan 1976 - Jun 2021
Total Imports Growth (%) 9.5 Jun 2021 monthly Jan 1977 - Jun 2021
Imports: Medicament (USD th) 1,743,317.637 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 670,516.422 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 244.717 Jan 2021 monthly Jan 1988 - Jan 2021
Total Imports from USA (USD mn) 483.470 Mar 2021 monthly Apr 1963 - Mar 2021
Total Exports to China (USD mn) 396.874 Apr 2021 monthly Mar 1977 - Apr 2021
Total Imports from China (USD mn) 862.616 Apr 2021 monthly Apr 1963 - Apr 2021
Exports: Crude Oil (NOK mn) 26,846.000 Jun 2021 monthly Jan 1974 - Jun 2021
Exports (NOK mn) 97,877.000 Jun 2021 monthly Jan 1975 - Jun 2021
Imports (NOK mn) 72,854.000 Jun 2021 monthly Jan 1976 - Jun 2021
Exports: Sweden (NOK th) 7,728,477.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: Germany (NOK th) 16,041,985.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: Netherlands (NOK th) 9,812,240.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: France (NOK th) 5,651,253.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: United Kingdom (NOK th) 18,134,445.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Manufactured Goods (NOK th) 9,715,735.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Food and Live Animals (NOK th) 9,592,022.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 56,231,953.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Chemical and Related Product (NOK th) 6,288,448.000 Jun 2021 monthly Jan 1988 - Jun 2021
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 10,204,124.000 Jun 2021 monthly Jan 1988 - Jun 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3,217.1 Mar 2021 quarterly Mar 1994 - Mar 2021
Current Account Balance (USD mn) 11,080.9 Mar 2021 quarterly Mar 1981 - Mar 2021
Current Account Balance: % of GDP (%) 10.1 Mar 2021 quarterly Mar 1981 - Mar 2021
Foreign Direct Investment (USD mn) 260.5 Mar 2021 quarterly Mar 2005 - Mar 2021
Foreign Direct Investment: % of GDP (%) 0.2 Mar 2021 quarterly Mar 2005 - Mar 2021
Foreign Portfolio Investment (USD mn) 6,099.034 Mar 2021 quarterly Mar 1994 - Mar 2021
Foreign Portfolio Investment: % of GDP (%) 0.8 Dec 2020 quarterly Mar 1994 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 1,884.6 Dec 2020 quarterly Mar 2005 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) -1,069.491 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt (USD mn) 710,685.0 Mar 2021 quarterly Mar 2003 - Mar 2021
External Debt: % of GDP (%) 180.1 2020 yearly 2003 - 2020
External Debt: Short Term (USD mn) 270,537.2 Mar 2021 quarterly Mar 2012 - Mar 2021
External Debt: Short Term: % of GDP (%) 64.7 2020 yearly 2012 - 2020
Total Debt: % of GDP (%) 707.8 Dec 2020 quarterly Dec 1995 - Dec 2020
Forecast: Current Account Balance (USD bn) 15.548 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) 1,138,386.254 Dec 2020 quarterly Mar 2012 - Dec 2020
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) 25,233.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: BI: Net Current Transfers (NOK mn) -9,663.000 Mar 2021 quarterly Mar 1981 - Mar 2021
BoP: Financial Account (FA): Foreign Assets (NOK mn) 189,481.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Liabilities (NOK mn) 92,090.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: Current Account Balance (NOK mn) 94,301.000 Mar 2021 quarterly Mar 1981 - Mar 2021
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 27,378.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) 2,217.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Assets: Other Investments (NOK mn) 262,878.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 37,969.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 30,611.000 Mar 2021 quarterly Mar 1981 - Mar 2021
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) -126,008.000 Mar 2021 quarterly Mar 2005 - Mar 2021
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 51,904.000 Mar 2021 quarterly Mar 2005 - Mar 2021
International Investment Position (IIP): Foreign Assets: Net (NOK mn) 10,017,688.000 Mar 2021 quarterly Mar 2012 - Mar 2021
IIP: Foreign Assets (NOK mn) 18,400,148.000 Mar 2021 quarterly Mar 2012 - Mar 2021
IIP: Foreign Liabilities (NOK mn) 8,382,460.000 Mar 2021 quarterly Mar 2012 - Mar 2021
Gross External Debt (NOK mn) 6,063,991.000 Mar 2021 quarterly Mar 2012 - Mar 2021
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) 1,357,695.000 2019 yearly 2004 - 2019
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 4,531.000 2019 yearly 1998 - 2019
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 110,085.000 2019 yearly 1998 - 2019
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 33,115.000 2019 yearly 2004 - 2019
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 217,413.000 2019 yearly 1998 - 2019
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 230,733.000 2019 yearly 1998 - 2019
No of Bankruptcies: SIC 2007 (Unit) 839.000 Mar 2021 quarterly Mar 2006 - Mar 2021
No of New Registered Enterprises (Unit) 20,717.000 Mar 2021 quarterly Mar 2001 - Mar 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 2018 yearly 1990 - 2018
Household Debt: % of GDP (%) 120.1 Dec 2020 quarterly Dec 1995 - Dec 2020
Money Supply M1 (USD mn) 313,146.759 May 2021 monthly Dec 1992 - May 2021
Money Supply M2 (USD mn) 333,612.795 May 2021 monthly Dec 1992 - May 2021
M2 Growth (%) 9.0 Apr 2021 monthly Dec 1993 - Apr 2021
Reserve Requirement Ratio (%) -1.0 Jun 2021 monthly Oct 2011 - Jun 2021
Foreign Exchange Reserves (USD mn) 77,051.4 Jun 2021 monthly Jan 1999 - Jun 2021
Foreign Exchange Reserves: % of GDP (%) 18.021 Mar 2021 quarterly Mar 1999 - Mar 2021
Foreign Exchange Reserves: Months of Import (NA) 9.1 Jun 2021 monthly Jan 1999 - Jun 2021
Gold Reserves (USD mn) 0.000 Jun 2021 monthly Dec 1959 - Jun 2021
Total Deposits (USD mn) 527,508.925 May 2021 monthly May 2009 - May 2021
Total Deposits Growth (%) 9.2 Feb 2021 monthly May 2010 - Feb 2021
Domestic Credit (USD mn) 773,068.4 Apr 2021 monthly Dec 1985 - Apr 2021
Domestic Credit Growth (%) 4.4 Apr 2021 monthly Dec 1986 - Apr 2021
Debt Service Ratio: Households (%) 16.200 Sep 2020 quarterly Mar 1999 - Sep 2020
Debt Service Ratio: Private Non-Financial Sector (%) 27.100 Dec 2020 quarterly Mar 1999 - Dec 2020
Credit to Households (USD bn) 458.564 Dec 2020 quarterly Mar 1975 - Dec 2020
Credit to Private Non-Financial Sector (USD bn) 1,077.729 Dec 2020 quarterly Dec 1953 - Dec 2020
Household Debt (USD mn) 481,553.8 Mar 2021 quarterly Dec 1995 - Mar 2021
Total Loans (USD mn) 778,699.115 Dec 2020 monthly Mar 1996 - Dec 2020
Total Loans Growth (%) 1.81 Mar 2021 monthly Mar 1997 - Mar 2021
Private Debt: % of Nominal GDP (%) 154.38 Dec 2020 quarterly Mar 1996 - Dec 2020
Official Reserve Assets (NOK mn) 695,531.000 Jun 2021 monthly Jan 1999 - Jun 2021
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 632,887.000 Jun 2021 monthly Jan 1999 - Jun 2021
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Non Performing Loans Ratio: Enterprises (%) 0.800 2018 yearly 1990 - 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 21.4 Jun 2021 monthly Feb 2005 - Jun 2021
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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