Norway's general public’s domestic loan debt rose 5.6 percent year-on-year to NOK 5,634 billion in September 2018, easing from an upwardly revised 5.9 percent advance in the prior month and below market expectations of 5.7 percent. It was the smallest increase in domestic loan debt since August 2017, as non-financial corporations' debt rose at a softer 5.2 percent to NOK 1,720 billion (vs 6.6 percent in August). Meanwhile, households' domestic debt went up 5.9 percent to NOK 3,416 billion (vs 5.8 percent in August) and municipal government's debt increased 4.6 percent to NOK 498 billion (vs 4.5 percent in August). Loan Growth in Norway averaged 7.35 percent from 1986 until 2018, 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 5.36 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 4.78 in 12 months time. In the long-term, the Norway Credit Indicator is projected to trend around 4.19 percent in 2020, according to our econometric models.


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Norway Credit Indicator
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-31 06:00 AM Loan Growth YoY 5.7% 5.9% 5.9% 5.9%
2018-09-27 06:00 AM Loan Growth YoY 5.8% 5.7%
2018-10-30 07:00 AM Loan Growth YoY 5.6% 5.9% 5.7% 5.9%
2018-11-29 07:00 AM Loan Growth YoY 5.6% 5.7% 5.5%
2019-01-04 07:00 AM Loan Growth YoY


Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.75 0.75 11.00 0.50 percent [+]
Interbank Rate 1.20 1.20 27.21 0.71 percent [+]
Money Supply M0 74807.00 81641.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2098775.00 2088213.00 2124499.00 66049.00 NOK Million [+]
Money Supply M2 2252391.00 2242304.00 2278427.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 534609.00 530664.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1720326.00 1775225.00 1775225.00 275742.00 NOK Million [+]
Deposit Interest Rate -0.25 -0.25 1.25 -0.50 percent [+]
Lending Rate 1.75 1.75 10.00 1.50 percent [+]
Loan Growth 5.60 5.90 24.20 -4.40 percent [+]
Private Debt to GDP 284.60 294.59 294.59 195.20 percent [+]
Central Bank Balance Sheet 8820009.00 9080227.00 9319711.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.90 24.20 -4.40 1986 - 2018 percent Monthly
NSA




Country Last
Brazil 0.40 Sep/18
China 13.10 Oct/18
Euro Area 3.10 Sep/18
France 5.78 Sep/18
India 14.60 Oct/18
Indonesia 12.75 Sep/18
Japan 2.20 Oct/18
Saudi Arabia 1.90 Sep/18
Spain 1.60 Sep/18


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