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.