Norway's general public’s domestic loan debt increased 5.4 percent year-on-year to NOK 5,723.5 billion in December 2018, easing from an upwardly revised 5.6 percent advance in the prior month. It was the smallest gain in domestic loan debt since May 2017, as non-financial corporations' debt rose at a softer 5.1 percent to NOK 1,760.9 billion (vs 5.8 percent in November) while households' domestic debt went up 5.5 percent to NOK 3,449.9 billion, the same as in November. On the other hand, municipal government's debt increased at a faster 6.3 percent to NOK 512.7 billion (vs 5.3 percent in November). Loan Growth in Norway averaged 7.33 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 5.42 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 5.15 in 12 months time. In the long-term, the Norway Credit Indicator is projected to trend around 4.89 percent in 2020, according to our econometric models.

Norway Credit Indicator
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Calendar GMT Actual Previous Consensus TEForecast
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 5.7% 5.5% 5.7% 5.5%
2019-01-04 07:00 AM Loan Growth YoY 5.5% 5.7% 5.8%
2019-01-31 07:00 AM Loan Growth YoY 5.4% 5.6% 5.5%
2019-02-28 07:00 AM Loan Growth YoY 5.4%
2019-03-28 06:00 AM Loan Growth YoY
2019-05-03 06:00 AM Loan Growth YoY


Norway Money Last Previous Highest Lowest Unit
Interest Rate 0.75 0.75 11.00 0.50 percent [+]
Interbank Rate 1.28 1.28 27.21 0.71 percent [+]
Money Supply M0 85015.00 75362.00 167428.00 33111.00 NOK Million [+]
Money Supply M1 2096754.00 2105199.00 2124499.00 66049.00 NOK Million [+]
Money Supply M2 2252569.00 2260566.00 2278427.00 17026.00 NOK Million [+]
Foreign Exchange Reserves 549578.00 507959.00 564659.00 21053.00 NOK Million [+]
Loans to Private Sector 1760937.00 1748316.00 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 5.40 5.60 24.20 -4.40 percent [+]
Private Debt to GDP 284.60 294.59 294.59 195.20 percent [+]
Central Bank Balance Sheet 9149080.00 8820009.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.60 24.20 -4.40 1986 - 2018 percent Monthly
NSA




Country Last Previous
Brazil 1.80 Dec/18
China 13.40 Jan/19
Euro Area 3.30 Dec/18
France 6.54 Dec/18
India 14.50 Feb/19
Indonesia 12.90 Dec/18
Japan 2.40 Jan/19
Saudi Arabia 3.00 Dec/18
Spain 1.60 Nov/18


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