Norway's general public’s domestic loan debt increased 5.6 percent year-on-year to NOK 6,022 billion at the end of November 2019, the same pace as in the previous month but above market consensus of 5.5 percent. Households domestic loan debt went up 5.2 percent (vs 5.0 percent in October) and municipal government loan debt advanced 7.8 percent (vs 7.6 percent in October). Meantime, non-financial corporations domestic loan debt rose 5.8 percent, slower than 6.1 percent in the previous month. Loan Growth in Norway averaged 7.28 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. source: Norges Bank

Loan Growth in Norway is expected to be 5.60 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 6.20 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.

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Norway Credit Indicator

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



Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 06:00 AM Aug 5.5% 5.6% 5.5% 5.7%
2019-10-31 07:00 AM Sep 5.8% 5.5% 5.6% 5.5%
2019-11-28 07:00 AM Oct 5.6% 5.8% 5.5% 5.8%
2020-01-07 07:00 AM Nov 5.6% 5.6% 5.5% 5.5%
2020-01-31 07:00 AM Dec 5.6% 5.4%


News Stream
2019-11-28
Norway Domestic Loan Debt Growth Slows
Norway's general public’s domestic loan debt increased 5.6 percent year-on-year to NOK 6,004 billion in October 2019, easing from a 5.8 percent growth in the previous month but above market consensus of 5.5 percent. Non-financial corporations domestic loan debt rose 6.1 percent (vs 7.0 percent in September) and households domestic loan debt went up 5.0 percent (vs 5.1 percent in September). Meantime, municipal government loan debt advanced 7.6 percent, faster than 7.0 percent in the previous month.

2019-10-31
Norway Domestic Loan Debt Growth at 5-Month High
Norway's general public’s domestic loan debt increased 5.8 percent year-on-year to NOK 5,968 billion in September 2019, accelerating from a 5.5 percent growth in the previous month and beating market consensus of 5.6 percent. Non-financial corporations domestic loan debt rose 6.9 percent (vs 5.7 percent in August) and government loan debt advanced 7.0 percent (vs 6.9 percent). Meanwhile, households domestic loan debt went up 5.1 percent, softer than 5.2 percent in August.

2019-09-27
Norway Domestic Loan Debt Growth Weakest in 11 Months
Norway's general public’s domestic loan debt increased 5.5 percent year-on-year to NOK 5,932 billion in August 2019, easing from a 5.6 percent growth in the previous month and matching market consensus. This was the smallest growth in general public’s domestic loan debt since September last year, as households domestic loan went up 5.1 percent (vs 5.3 percent in July) and non-financial corporations domestic loan debt rose 5.7 percent (vs 5.8 percent in July). Also, government loan debt advanced 6.9 percent in August, slower than 7.0 percent in July.

2019-08-28
Norway Domestic Loan Debt Growth Eases
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.

2019-08-02
Norway Domestic Loan Debt Growth Stays at 5-Month Low
Norway's general public’s domestic loan debt increased 5.7 percent year-on-year to NOK 5,903 billion in June 2019, unchanged from an upwardly revised figure in the prior month. This was the weakest growth rate in domestic loan debt since December last year, amid a slowdown in households domestic loan (5.5 percent vs 5.6 percent in May) while municipal government loan debt growth was unchanged at 6.8 percent. Meantime, non-financial corporations domestic loan debt growth accelerated (5.8 percent vs 5.6 percent).

2019-06-28
Norway Domestic Loan Debt Growth Slows
Norway's general public’s domestic loan debt increased 5.6 percent year-on-year to NOK 5,864 billion in May 2019, following a 5.7 percent rise in the prior month and missing market consensus of 5.7 percent. This was the weakest growth rate in domestic loan debt since December, amid a slowdown in both non-financial corporations domestic loan debt (5.4 percent vs 5.5 percent in April) and municipal government loan debt (6.8 percent vs 7.0 percent). Meantime, households domestic loan debt growth was unchanged at 5.6 percent.


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

Norway Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 11.00 0.50 percent [+]
Money Supply M0 75020.00 101313.00 169002.00 33111.00 NOK Million [+]
Money Supply M1 2184994.00 2175376.00 2200446.00 66049.00 NOK Million [+]
Interbank Rate 1.84 1.84 27.21 0.71 percent [+]
Money Supply M2 2369290.00 2357947.00 2378491.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 589969.00 622124.00 622124.00 21053.00 NOK Million [+]
Loans to Private Sector 1858242.00 1855215.00 1858242.00 275742.00 NOK Million [+]
Deposit Interest Rate 0.50 0.50 1.25 -0.50 percent [+]
Lending Rate 2.50 2.50 10.00 1.50 percent [+]
Loan Growth 5.60 5.60 24.20 -4.40 percent [+]
Private Debt to GDP 275.30 288.50 298.60 195.20 percent [+]
Central Bank Balance Sheet 10409189.00 10294970.00 10409189.00 6389.00 NOK Million [+]