Norway's general public’s domestic loan debt increased 4.6 percent year-on-year to NOK 6,171 billion at the end of May 2020, the same as in the previous month and matching market expectations. It was the weakest growth in domestic loan debt since May 2010, as households domestic loan debt increased 4.4 percent from 4.6 percent in April, while municipal government domestic loan debt rose 7.5 percent, softer than 7.7 percent in the prior month. Meantime, non-financial corporations loan debt advanced 4.3 percent, faster than 3.7 percent in the previous month.
Loan Growth in Norway averaged 7.24 percent from 1986 until 2020, 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 August of 2020. source: Norges Bank
Loan Growth in Norway is expected to be 4.20 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 4.40 in 12 months time. In the long-term, the Norway Credit Indicator is projected to trend around 4.30 percent in 2021 and 4.00 percent in 2022, according to our econometric models.