Norway's general public’s domestic loan debt increased 5.6 percent year-on-year to NOK 5,906 billion in July 2019, easing from a 5.7 percent growth in the previous month and missing market consensus of 5.8 percent. Households domestic loan rose at a softer pace (5.3 percent vs 5.5 percent in June) while non-financial corporations domestic loan debt growth was unchanged at 5.8 percent. On the other hand, government loan debt advanced 7.0 percent in July, faster than 6.8 percent in June. Loan Growth in Norway averaged 7.30 percent from 1986 until 2019, 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.

Loan Growth in Norway is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Norway to stand at 5.90 in 12 months time. In the long-term, the Norway Credit Indicator is projected to trend around 7.00 percent in 2020, according to our econometric models.

Norway Credit Indicator
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-29 06:00 AM Loan Growth YoY Apr 5.7% 5.8% 5.7% 5.8%
2019-06-28 06:00 AM Loan Growth YoY May 5.6% 5.7% 5.7% 5.6%
2019-08-02 06:00 AM Loan Growth YoY Jun 5.7% 5.7% 5.6%
2019-08-28 06:00 AM Loan Growth YoY Jul 5.6% 5.7% 5.8% 5.6%
2019-09-27 06:00 AM Loan Growth YoY Aug 5.6% 5.5% 5.7%
2019-10-30 07:00 AM Loan Growth YoY Sep
2019-11-29 07:00 AM Loan Growth YoY Oct


Norway Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.25 11.00 0.50 percent [+]
Money Supply M0 135234.00 112844.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2200446.00 2183270.00 2200446.00 66049.00 NOK Million [+]
Interbank Rate 1.76 1.62 27.21 0.71 percent [+]
Money Supply M2 2378491.00 2358949.00 2378491.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 617767.00 587460.00 617767.00 21053.00 NOK Million [+]
Loans to Private Sector 1819187.00 1822177.00 1822177.00 275742.00 NOK Million [+]
Deposit Interest Rate 0.50 0.25 1.25 -0.50 percent [+]
Lending Rate 2.50 2.25 10.00 1.50 percent [+]
Loan Growth 5.60 5.70 24.20 -4.40 percent [+]
Private Debt to GDP 275.30 288.50 298.60 195.20 percent [+]
Central Bank Balance Sheet 10059295.00 9799260.00 10059295.00 6389.00 NOK Million [+]


Norway Credit Indicator

Loan growth in Norway refers to an annual change in the general public’s gross domestic debt. This page provides - Norway Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Credit Indicator - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.70 24.20 -4.40 1986 - 2019 percent Monthly
NSA




Country Last Previous
Brazil -0.20 Jul/19
China 12.40 Aug/19
Euro Area 3.40 Jul/19
France 5.65 Jul/19
India 10.20 Aug/19
Indonesia 9.58 Jul/19
Japan 2.10 Aug/19
Saudi Arabia 3.00 Jul/19
Spain 2.10 Jun/19


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