Norway’s general public domestic loan debt rose by 4.5% year-on-year to NOK 7.96 billion at the end of May 2026, following a 4.4% increase a month earlier. Lending to non-financial corporations increased further, rising to 4.3% from 3.8% in April, while household debt growth remained unchanged at 4.7%. Meanwhile, loan debt growth for municipal government eased slightly to 4.6% from 4.7%. On a seasonally adjusted annualised one-month basis, total loan debt for the general public grew by 4.6% in May, matching the pace recorded in April. source: Statistics Norway

The value of loans in Norway increased 4.50 percent in May of 2026 over the same month in the previous year. Loan Growth in Norway averaged 6.83 percent from 1986 until 2026, 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 June of 2026.

The value of loans in Norway increased 4.50 percent in May of 2026 over the same month in the previous year. Loan Growth in Norway is expected to be 4.50 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 4.30 percent in 2027 and 4.60 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-26 06:00 AM
Loan Growth YoY
Apr 4.4% 4.5% 4.5%
2026-06-22 06:00 AM
Loan Growth YoY
May 4.5% 4.4% 4.3%
2026-07-31 06:00 AM
Loan Growth YoY
Jun 4.5% 4.5%


Related Last Previous Unit Reference
Central Bank Balance Sheet 22166671.00 21522203.00 NOK Million May 2026
Deposit Interest Rate 3.25 3.25 percent Jun 2026
Foreign Exchange Reserves 858714.00 862514.00 NOK Million May 2026
Interbank Rate 4.25 4.25 percent Jun 2026
Norges Bank Interest Rate 4.25 4.25 percent Jun 2026
Lending Rate 5.25 5.25 percent Jun 2026
Loan Growth YoY 4.50 4.40 percent May 2026
Loans to Private Sector 2162138.00 2151548.00 NOK Million May 2026
Money Supply M0 153128.00 196736.00 NOK Million May 2026
Money Supply M1 3133448.00 3107631.00 NOK Million May 2026
Money Supply M2 3596614.00 3565999.00 NOK Million May 2026


Norway Credit Indicator
Loan growth in Norway refers to an annual change in the general public’s gross domestic debt.
Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.40 24.20 -4.40 1986 - 2026 percent Monthly
NSA

News Stream
Norway Loan Debt Rises 4.5% in May
Norway’s general public domestic loan debt rose by 4.5% year-on-year to NOK 7.96 billion at the end of May 2026, following a 4.4% increase a month earlier. Lending to non-financial corporations increased further, rising to 4.3% from 3.8% in April, while household debt growth remained unchanged at 4.7%. Meanwhile, loan debt growth for municipal government eased slightly to 4.6% from 4.7%. On a seasonally adjusted annualised one-month basis, total loan debt for the general public grew by 4.6% in May, matching the pace recorded in April.
2026-06-22
Norway Loan Debt Growth at 5-Month Low
Norway’s general public domestic loan debt increased by 4.4% year-on-year to NOK 7.92 billion at the end of April 2026, easing slightly after an upwardly revised 4.5% rise in the previous month. This marked the weakest growth in general public domestic loan debt since November 2025, as loan growth mainly slowed for municipal governments (4.7% vs 5.2% in March). Meanwhile, credit activity strengthened slightly for non-financial corporations, rising to 3.8% from 3.7% previously. At the same time, household loan debt growth remained steady at 4.7% for a fourth consecutive month. On a seasonally adjusted annualized one-month basis, total lending growth in April increased by 4.5%, picking up from an upwardly revised 4.0% in the previous period.
2026-05-26
Norway Loan Debt Growth Slows in March
Norway’s general public domestic loan debt increased by 4.4% year-on-year to NOK 7.90 billion at the end of March 2026 following a 4.6% rise in the previous month.Loan growth to non-financial corporations eased to 3.7%, reaching NOK 2.45 billion, compared with 4.1% and NOK 2.39 billion previously. At the same time, household loan debt remained steady at 4.7% for a third consecutive month. In contrast, credit activity strengthened for municipal governments (5.1% vs 4.9%). On a seasonally adjusted annualised one-month basis, total lending growth in March increased by 3.7%, slowing from an upwardly revised 4.2% in the previous period.
2026-04-27