Norway's general public’s domestic loan debt increased 4.7 percent year-on-year to NOK 6,218 billion at the end of August 2020, after a 4.5 percent rise in the previous month. It was the strongest growth in domestic loan debt since March, as non-financial corporations loan debt advanced 3.9 percent, faster than 3.4 percent in the previous month. Meantime, households domestic loan debt rose 4.6 percent, the same as in July, while municipal government domestic loan debt went up 8.1 percent, after an 8.4 percent growth in the prior month.

Loan Growth in Norway averaged 7.22 percent from 1986 until 2020, 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 October of 2020. source: Norges Bank

Loan Growth in Norway is expected to be 4.20 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 2.00 in 12 months time. In the long-term, the Norway Credit Indicator is projected to trend around 2.40 percent in 2021 and 3.00 percent in 2022, according to our econometric models.

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Norway Credit Indicator

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.50 24.20 -4.40 1986 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 06:00 AM May 4.6% 4.6% 4.6% 4.9%
2020-08-07 06:00 AM Jun 4.5% 4.6% 4.5%
2020-08-31 06:00 AM Jul 4.6% 4.5% 4.3%
2020-09-30 06:00 AM Aug 4.7% 4.5% 4.4%
2020-10-30 07:00 AM Sep 4.7% 4.2%
2020-11-30 07:00 AM Oct


News Stream
Norway Domestic Loan Debt Growth Strongest in 5 Months
Norway's general public’s domestic loan debt increased 4.7 percent year-on-year to NOK 6,218 billion at the end of August 2020, after a 4.5 percent rise in the previous month. It was the strongest growth in domestic loan debt since March, as non-financial corporations loan debt advanced 3.9 percent, faster than 3.4 percent in the previous month. Meantime, households domestic loan debt rose 4.6 percent, the same as in July, while municipal government domestic loan debt went up 8.1 percent, after an 8.4 percent growth in the prior month.
2020-09-30
Norway Domestic Loan Debt Growth Accelerates to 4.6%
Norway's general public’s domestic loan debt increased 4.6 percent year-on-year to NOK 6,196 billion at the end of July 2020, after a 4.5 percent rise in the previous month. Households domestic loan debt rose 4.6 percent, faster than 4.4 percent in June, while municipal government domestic loan debt went up 8.4 percent, after an 8.1 percent growth in the prior month. Meantime, non-financial corporations loan debt advanced 3.4 percent, softer than 3.5 percent in the previous month.
2020-08-31
Norway Domestic Loan Debt Growth Weakest Since 2010
Norway's general public’s domestic loan debt increased 4.5 percent year-on-year to NOK 6,201 billion at the end of June 2020, after a 4.6 percent rise in the previous month. It was the weakest growth in domestic loan debt since May 2010, as non-financial corporations loan debt advanced 3.5 percent, softer than 4.2 percent in the previous month. Meantime, households domestic loan debt rose 4.4 percent, unchanged from May, while municipal government domestic loan debt went up 8.1 percent, faster than 7.5 percent in the prior month.
2020-08-07
Norway Domestic Loan Debt Growth Weakest in a Decade
Norway's general public’s domestic loan debt increased 4.6 percent year-on-year to NOK 6,171 billion at the end of May 2020, the same as in the previous month and matching market expectations. It was the weakest growth in domestic loan debt since May 2010, as households domestic loan debt increased 4.4 percent from 4.6 percent in April, while municipal government domestic loan debt rose 7.5 percent, softer than 7.7 percent in the prior month. Meantime, non-financial corporations loan debt advanced 4.3 percent, faster than 3.7 percent in the previous month.
2020-06-30

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