Norway Reserve Requirement Ratio

2011 - 2024 | Monthly | % | CEIC Data

Key information about Norway Reserve Requirement Ratio

  • Reserve Requirement Ratio: Local Currency Deposits: Norway was set as 3.5 % in Mar 2024
  • Norway Reserve Requirement Ratio data updated monthly, available from Oct 2011 to Mar 2024
  • The data is reported by CEIC Data
  • In the latest reports, Norway Money Supply M2 increased to 287.4 USD bn YoY in Feb 2024
  • Foreign Exchange Reserves in Norway was measured at 73.5 USD bn in Mar 2024.
  • The Foreign Exchange Reserves equaled 10.2 Months of Import in Mar 2024
  • Norway Domestic Credit reached 689.0 USD bn in Feb 2024, representing an increase of 3.5 % YoY
  • The country's Non Performing Loans Ratio stood at 0.4 % in Dec 2022, compared with the ratio of 0.3 % in the previous year
  • Household Debt of Norway reached 91.5 % in Dec 2023, accounting for 91.5 % of the country's Nominal GDP
CEIC calculates monthly Reserve Requirement Ratio from daily Reserve Requirement Ratio based on the last business day of the month. Norges Bank provides Reserve Requirement Ratio.

View Norway's Reserve Requirement Ratio from Oct 2011 to Mar 2024 in the chart:

Norway Reserve Requirement Ratio

What was Norway's Reserve Requirement Ratio in Mar 2024?

Reserve Requirement Ratio: Local Currency Deposits: Norway was set as 3.5 % in Mar 2024 See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.5 Mar 2024 3.5 Feb 2024 -1.0 Aug 2021 3.5 Mar 2024 % monthly Oct 2011 - Mar 2024

Reserve Requirement Ratio by Country Comparison

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Includes Reserve Requirement Ratio on 94 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Algeria (%) 3.0 Sep 2023 monthly Jun 2006 - Sep 2023
Argentina (%) 42.2 Jan 2024 monthly Apr 1985 - Jan 2024
Armenia (%) 8.0 2023 yearly 2008 - 2023
Austria (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Azerbaijan (%) 5.0 Mar 2024 monthly May 1993 - Mar 2024
Bahrain (%) 5.0 Mar 2024 monthly Jan 2008 - Mar 2024
Bangladesh (%) 4.0 Feb 2024 monthly Oct 1999 - Feb 2024
Belarus (%) 18.0 Mar 2024 monthly Jul 1998 - Mar 2024
Belgium (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Bolivia (%) 8.5 Oct 2023 monthly Jan 2000 - Oct 2023
Bosnia and Herzegovina (%) 10.0 Feb 2024 monthly Aug 1997 - Feb 2024
Botswana (%) 2.5 Feb 2021 monthly Feb 2006 - Feb 2021
Brazil (%) 21.0 Mar 2024 monthly Jul 1994 - Mar 2024
Brunei (%) 6.0 Feb 2024 monthly Jan 2006 - Feb 2024
Bulgaria (%) 10.0 Mar 2024 monthly Dec 2004 - Mar 2024
Cambodia (%) 8.0 Mar 2024 monthly Jan 2008 - Mar 2024
China (%) 7.0 Mar 2024 monthly Jan 1985 - Mar 2024
Colombia (%) 8.0 Mar 2024 monthly Jun 2008 - Mar 2024
Croatia (%) 2.7 Dec 2022 monthly Jan 1993 - Dec 2022
Cyprus (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Czech Republic (%) 2.0 Feb 2024 monthly Aug 1996 - Feb 2024
Ecuador (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022
Egypt (%) 18.0 Mar 2024 monthly Jan 2012 - Mar 2024
Estonia (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
European Union (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Finland (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
France (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Georgia (%) 5.0 Mar 2024 monthly Jan 1992 - Mar 2024
Germany (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Greece (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Hungary (%) 10.0 Mar 2024 monthly Mar 1994 - Mar 2024
Iceland (%) 2.0 Mar 2024 monthly Jun 1979 - Mar 2024
India (%) 4.5 Mar 2024 monthly Sep 1962 - Mar 2024
Indonesia (%) 9.0 Mar 2024 monthly Jan 1997 - Mar 2024
Iran (%) 10.0 Feb 2024 monthly Mar 2008 - Feb 2024
Ireland (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Israel (%) 6.0 Mar 2024 monthly Jan 1995 - Mar 2024
Italy (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Ivory Coast (%) 3.0 Dec 2023 monthly Oct 1993 - Dec 2023
Japan (%) 0.8 Jan 2024 monthly Oct 1980 - Jan 2024
Kazakhstan (%) 2.0 Feb 2024 monthly Jun 2015 - Feb 2024
Kenya (%) 4.3 Mar 2023 monthly Dec 1999 - Mar 2023
South Korea (%) 7.0 Mar 2024 monthly Nov 1979 - Mar 2024
Kosovo (%) 10.0 2022 yearly 2001 - 2022
Kyrgyzstan (%) 9.0 Sep 2015 monthly Jan 2007 - Sep 2015
Laos (%) 8.0 Mar 2024 monthly Jan 2002 - Mar 2024
Latvia (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Lebanon (%) 25.0 Mar 2024 monthly Dec 2002 - Mar 2024
Lithuania (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Luxembourg (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
North Macedonia (%) 5.0 Mar 2024 monthly Jan 2004 - Mar 2024
Malawi (%) 7.8 Mar 2024 monthly Jan 2019 - Mar 2024
Malaysia (%) 2.0 Mar 2024 monthly Jun 1959 - Mar 2024
Malta (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Mauritius (%) 9.0 Mar 2024 monthly Jul 1998 - Mar 2024
Moldova (%) 33.0 Feb 2024 monthly Jan 2004 - Feb 2024
Mongolia (%) 8.0 Mar 2024 monthly Jan 2005 - Mar 2024
Montenegro (%) 5.5 Feb 2024 monthly Jan 2002 - Feb 2024
Morocco (%) 0.0 Feb 2024 monthly Oct 1990 - Feb 2024
Mozambique (%) 39.0 Mar 2024 monthly Aug 2011 - Mar 2024
Myanmar (%) 3.5 Mar 2024 monthly May 2011 - Mar 2024
Nepal (%) 4.0 Mar 2024 monthly Jul 2003 - Mar 2024
Netherlands (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Nigeria (%) 45.0 Mar 2024 monthly Nov 2005 - Mar 2024
Norway (%) 3.5 Mar 2024 monthly Oct 2011 - Mar 2024
Oman (%) 5.0 Dec 2023 monthly Jun 2006 - Dec 2023
Pakistan (%) 5.0 Feb 2024 monthly Jul 2006 - Feb 2024
Peru (%) 6.0 Mar 2024 monthly Apr 1997 - Mar 2024
Philippines (%) 9.5 Mar 2024 monthly May 1986 - Mar 2024
Poland (%) 3.5 Dec 2017 monthly Jan 1993 - Dec 2017
Portugal (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Qatar (%) 4.5 Mar 2024 monthly Jan 2003 - Mar 2024
Romania (%) 8.0 Mar 2024 monthly Jan 2006 - Mar 2024
Russia (%) 4.5 Mar 2024 monthly Jul 2004 - Mar 2024
Saudi Arabia (%) 7.0 Mar 2024 monthly Mar 1980 - Mar 2024
Serbia (%) 7.0 Feb 2024 monthly Jan 2005 - Feb 2024
Slovakia (%) 1.0 Jul 2021 monthly Jan 1999 - Jul 2021
Slovenia (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
South Africa (%) 2.5 Mar 2024 monthly Feb 1994 - Mar 2024
Spain (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Sri Lanka (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023
Sudan (%) 18.0 Mar 2024 monthly Jan 2003 - Mar 2024
Taiwan (%) 4.5 Mar 2024 monthly Dec 1988 - Mar 2024
Tajikistan (%) 3.0 Dec 2023 quarterly Mar 2008 - Dec 2023
Thailand (%) 1.0 Mar 2024 monthly Sep 1997 - Mar 2024
Tunisia (%) 1.0 Mar 2024 monthly Oct 1964 - Mar 2024
Turkey (%) 8.0 Mar 2024 monthly Jan 2011 - Mar 2024
Ukraine (%) 20.0 Mar 2024 monthly Dec 2014 - Mar 2024
United Arab Emirates (%) 1.0 Mar 2024 monthly Jan 2000 - Mar 2024
United States (%) 0.0 Mar 2024 monthly Nov 1980 - Mar 2024
Venezuela (%) 73.0 Mar 2024 monthly Jan 2004 - Mar 2024
Vietnam (%) 3.0 Mar 2024 monthly Feb 2010 - Mar 2024
Yemen (%) 7.0 Aug 2015 monthly Jul 1995 - Aug 2015
Zambia (%) 26.0 Feb 2024 monthly Jan 2004 - Feb 2024

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Norway Key Series

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Includes 242 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 (%) 16.3 Dec 2023 quarterly Dec 2002 - Dec 2023
Consolidated Fiscal Balance (USD mn) 14,604.965 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue (USD mn) 41,251.074 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue: % of GDP (%) 32.6 Dec 2023 quarterly Mar 2002 - Dec 2023
National Government Debt (USD mn) 224,382.7 2023 yearly 1995 - 2023
Government Debt: % of GDP (%) 44.3 2023 yearly 1995 - 2023
Forecast: Government Expenditure (NOK bn) 2,771.660 2028 yearly 1980 - 2028
Forecast: Government Net Debt (NOK bn) 2,191.300 2028 yearly 1980 - 2028
Forecast: Government Revenue (NOK bn) 3,394.140 2028 yearly 1980 - 2028
General Govt Taxes: GS: Value Added Tax (NOK mn) 381,500.000 2023 yearly 1995 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.315 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,906.7 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 12,277.9 Feb 2024 monthly Jan 1975 - Feb 2024
Total Exports Growth (%) -21.3 Feb 2024 monthly Jan 1976 - Feb 2024
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) 7,371.2 Feb 2024 monthly Jan 1976 - Feb 2024
Total Imports Growth (%) -2.4 Feb 2024 monthly Jan 1977 - Feb 2024
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) 449.730 Feb 2024 monthly Jan 1988 - Feb 2024
Total Imports from USA (USD mn) 482.477 Feb 2024 monthly Apr 1963 - Feb 2024
Total Exports to China (USD mn) 220.004 Feb 2024 monthly Mar 1977 - Feb 2024
Total Imports from China (USD mn) 764.485 Feb 2024 monthly Apr 1963 - Feb 2024
Exports: Crude Oil (NOK mn) 37,242.000 Feb 2024 monthly Jan 1974 - Feb 2024
Imports (NOK mn) 77,812.000 Feb 2024 monthly Jan 1976 - Feb 2024
Exports (NOK mn) 129,608.000 Feb 2024 monthly Jan 1975 - Feb 2024
Exports: Netherlands (NOK th) 12,977,337.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: United Kingdom (NOK th) 23,248,251.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: Sweden (NOK th) 10,823,383.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: Germany (NOK th) 22,026,793.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: France (NOK th) 7,495,122.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Chemical and Related Product (NOK th) 6,735,434.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Food and Live Animals (NOK th) 13,532,875.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Manufactured Goods (NOK th) 10,968,711.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 10,976,238.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 80,605,812.000 Feb 2024 monthly Jan 1988 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,229.3 Dec 2023 quarterly Mar 1994 - Dec 2023
Current Account Balance (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Current Account Balance: % of GDP (%) 16.1 Sep 2023 quarterly Mar 1981 - Sep 2023
Foreign Direct Investment (USD mn) -566.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) -0.9 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Portfolio Investment (USD mn) 11,218.004 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 8.9 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,029.3 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 12,247.320 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt (USD mn) 772,516.8 Dec 2023 quarterly Mar 2003 - Dec 2023
External Debt: % of GDP (%) 152.5 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 291,620.9 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt: Short Term: % of GDP (%) 51.9 2022 yearly 2012 - 2022
Total Debt: % of GDP (%) 589.0 Dec 2023 quarterly Dec 1995 - Dec 2023
Forecast: Current Account Balance (USD bn) 105.824 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 1,509,953.566 Dec 2023 quarterly Mar 2012 - Dec 2023
BoP: Financial Account (FA): Foreign Assets (NOK mn) 735,342.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 24,134.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 537,644.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Other Investments (NOK mn) 200,228.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) -26,664.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities (NOK mn) 466,632.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) -6,135.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 121,442.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 351,325.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: BI: Net Current Transfers (NOK mn) -24,571.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 61,807.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: Current Account Balance (NOK mn) 171,339.000 Jun 2023 quarterly Mar 1981 - Jun 2023
International Investment Position (IIP): Foreign Assets: Net (NOK mn) 15,283,750.000 Dec 2023 quarterly Mar 2012 - Dec 2023
IIP: Foreign Assets (NOK mn) 25,975,856.000 Dec 2023 quarterly Mar 2012 - Dec 2023
IIP: Foreign Liabilities (NOK mn) 10,692,106.000 Dec 2023 quarterly Mar 2012 - Dec 2023
Gross External Debt (NOK mn) 7,819,415.000 Dec 2023 quarterly Mar 2012 - Dec 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) 1,542,388.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 84,769.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 2,508.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 17,239.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 203,949.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 278,938.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
No of Bankruptcies: SIC 2007 (Unit) 1,186.000 Dec 2023 quarterly Mar 2006 - Dec 2023
No of New Registered Enterprises (Unit) 16,192.000 Dec 2023 quarterly Mar 2001 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 2022 yearly 1990 - 2022
Household Debt: % of GDP (%) 91.5 Dec 2023 quarterly Dec 1995 - Dec 2023
Money Supply M1 (USD mn) 247,743.328 Feb 2024 monthly Dec 1992 - Feb 2024
Money Supply M2 (USD mn) 287,449.590 Feb 2024 monthly Dec 1992 - Feb 2024
M2 Growth (%) -0.9 Feb 2024 monthly Dec 1993 - Feb 2024
Reserve Requirement Ratio (%) 3.5 Mar 2024 monthly Oct 2011 - Mar 2024
Foreign Exchange Reserves (USD mn) 73,487.5 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 14.217 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 10.2 Mar 2024 monthly Jan 1999 - Mar 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Dec 1959 - Mar 2024
Total Deposits (USD mn) 468,775.087 Feb 2024 monthly May 2009 - Feb 2024
Total Deposits Growth (%) 1.2 Feb 2024 monthly May 2010 - Feb 2024
Domestic Credit (USD mn) 688,972.4 Feb 2024 monthly Dec 1985 - Feb 2024
Domestic Credit Growth (%) 3.5 Feb 2024 monthly Dec 1986 - Feb 2024
Debt Service Ratio: Households (%) 19.500 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 34.300 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 414.690 Sep 2023 quarterly Mar 1975 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 1,108.913 Sep 2023 quarterly Dec 1953 - Sep 2023
Household Debt (USD mn) 463,793.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Total Loans (USD mn) 776,042.482 Dec 2023 monthly Mar 1996 - Dec 2023
Total Loans Growth (%) 4.57 Dec 2023 monthly Mar 1997 - Dec 2023
Private Debt: % of Nominal GDP (%) 118.20 Dec 2023 quarterly Mar 1996 - Dec 2023
Monetary Aggregates: Base Money (NOK mn) 69,307.000 Feb 2024 monthly Jan 1900 - Feb 2024
Official Reserve Assets (NOK mn) 863,407.000 Feb 2024 monthly Jan 1999 - Feb 2024
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 732,187.000 Mar 2024 monthly Jan 1999 - Mar 2024
Bank Deposits (NOK mn) 4,972,813.000 Feb 2024 monthly May 2009 - Feb 2024
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Loans: Banks (NOK mn) 4,927,383.000 Feb 2024 monthly Jan 1996 - Feb 2024
Non Performing Loans Ratio: Enterprises (%) 0.500 2022 yearly 1990 - 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.0 Mar 2024 monthly Feb 2005 - Mar 2024
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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