The general public’s domestic loan debt in Norway increased by 5.3 percent year-on-year to NOK 6,510 billion at the end of July 2021, the same pace as in the previous month. It remained the strongest growth in domestic loan debt since November 2019, as non-financial corporations loan debt grew 4.7 percent, accelerating from a 4.6 percent rise in June, while households domestic loan debt rose 5.2 percent, the same pace as in the prior month. Meantime, municipal government loan debt advanced by 7.5 percent, easing from an 8.2 percent gain in June. source: Norges Bank
Loan Growth in Norway averaged 7.17 percent from 1986 until 2021, reaching an all time high of 24.20 percent in February of 1987 and a record low of -4.40 percent in October of 1992. This page provides - Norway Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Credit Indicator - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Loan Growth in Norway is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Credit Indicator is projected to trend around 4.50 percent in 2022 and 2.80 percent in 2023, according to our econometric models.