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.