The general public’s domestic loan debt in Norway increased by 5.1 percent year-on-year to NOK 6,628 billion at the end of November 2021 from 5.3 percent in the previous month. It was the weakest growth in domestic loan debt since April, as all categories of loan debt grew softer: non-financial corporations (4.9 percent vs 5.1 percent in October), households etc (5.0 percent vs 5.1 percent), and municipal government (6.3 percent vs 7.5 percent). source: Norges Bank

Loan Growth in Norway averaged 7.15 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 January of 2022.

Loan Growth in Norway is expected to be 6.00 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 2.80 percent in 2023, according to our econometric models.

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Norway Credit Indicator


Calendar GMT Actual Previous Consensus TEForecast
2021-11-30 07:00 AM Oct 5.3% 5.3% 5.4%
2022-01-07 07:00 AM Nov 5.1% 5.3% 5.3%
2022-01-31 07:00 AM Dec 5.1%


Related Last Previous Unit Reference
Interest Rate 0.50 0.25 percent Dec/21
Interbank Rate 1.12 1.12 percent Jan/22
Loans to Private Sector 2012963.00 1991171.00 NOK Million Nov/21
Deposit Interest Rate -0.50 -0.75 percent Dec/21
Lending Rate 1.50 1.25 percent Dec/21
Central Bank Balance Sheet 13213237.00 12528589.00 NOK Million Nov/21
Loan Growth 5.10 5.30 percent Nov/21

News Stream
Norway Domestic Loan Debt Growth Weakest in 7 Months
The general public’s domestic loan debt in Norway increased by 5.1 percent year-on-year to NOK 6,628 billion at the end of November 2021 from 5.3 percent in the previous month. It was the weakest growth in domestic loan debt since April, as all categories of loan debt grew softer: non-financial corporations (4.9 percent vs 5.1 percent in October), households etc (5.0 percent vs 5.1 percent), and municipal government (6.3 percent vs 7.5 percent).
2022-01-07
Norway Domestic Loan Debt Growth Stays at 5.3%
The general public’s domestic loan debt in Norway increased by 5.3 percent year-on-year to NOK 6,588 billion at the end of October 2021, the same pace as in the previous month. Non-financial corporations loan debt grew 5.1 percent, unchanged from August. Also, households domestic loan debt rose 5.1 percent, the same pace as in the prior month. Meanwhile, municipal government loan debt advanced by 7.5 percent, accelerating from a 7.0 percent gain in the prior month.
2021-11-30
Norway Domestic Loan Debt Growth Stays at 19-Month High
The general public’s domestic loan debt in Norway increased by 5.3 percent year-on-year to NOK 6,567 billion at the end of September 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 5.1 percent, accelerating from a 4.8 percent rise in July. On the other hand, municipal government loan debt advanced by 7.0 percent, easing from a 8.1 percent gain in the prior month, while households domestic loan debt rose 5.1 percent, following a 5.2 percent gain in the prior month.
2021-10-29

Norway Credit Indicator
Loan growth in Norway refers to an annual change in the general public’s gross domestic debt.