The general public’s domestic loan debt in Norway increased by 5.3 percent year-on-year to NOK 6,510 billion at the end of July 2021, the same pace as in the previous month. It remained the strongest growth in domestic loan debt since November 2019, as non-financial corporations loan debt grew 4.7 percent, accelerating from a 4.6 percent rise in June, while households domestic loan debt rose 5.2 percent, the same pace as in the prior month. Meantime, municipal government loan debt advanced by 7.5 percent, easing from an 8.2 percent gain in June. source: Norges Bank

Loan Growth in Norway averaged 7.17 percent from 1986 until 2021, 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 September of 2021.

Loan Growth in Norway is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Credit Indicator is projected to trend around 4.50 percent in 2022 and 2.80 percent in 2023, according to our econometric models.

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Norway Credit Indicator

Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.30 24.20 -4.40 1986 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-31 06:00 AM Apr 5% 5% 5.1% 5.1%
2021-06-30 06:00 AM May 5.2% 5% 5.1%
2021-08-06 06:00 AM Jun 5.3% 5.2% 5.2%
2021-08-31 06:00 AM Jul 5.3% 5.3% 5.4%
2021-09-30 06:00 AM Aug 5.3% 5.4%
2021-10-29 06:00 AM Sep
2021-11-30 07:00 AM Oct


News Stream
Norway Domestic Loan Debt Growth Stays at 19-Month High
The general public’s domestic loan debt in Norway increased by 5.3 percent year-on-year to NOK 6,510 billion at the end of July 2021, the same pace as in the previous month. It remained the strongest growth in domestic loan debt since November 2019, as non-financial corporations loan debt grew 4.7 percent, accelerating from a 4.6 percent rise in June, while households domestic loan debt rose 5.2 percent, the same pace as in the prior month. Meantime, municipal government loan debt advanced by 7.5 percent, easing from an 8.2 percent gain in June.
2021-08-31
Norway Domestic Loan Debt Growth Highest Since 2019
The general public’s domestic loan debt in Norway increased by 5.3 percent year-on-year to NOK 6,507 billion at the end of June 2021, the most since November 2019.Households domestic loan debt rose 5.2 percent, following a 5.1 percent growth in the previous month, while non-financial corporations loan debt grew 4.6 percent, accelerating from a 4.5 percent rise in May. Meantime, municipal government loan debt advanced by 8.2 percent (vs 8.3 percent in May).
2021-08-06
Norway Domestic Loan Debt Growth Highest in 1-1/2 Years
The general public’s domestic loan debt in Norway increased by 5.2 percent year-on-year to NOK 6,466 billion at the end of May 2021, the most since November 2019. Municipal government loan debt advanced 8.3 percent (vs 7.8 percent in April), while households domestic loan debt rose 5.1 percent, after increasing by 5.0 percent in the previous month. On the other hand, non-financial corporations loan debt grew 4.4 percent, the same pace as in April.
2021-06-30
Norway Domestic Loan Debt Grows Less than Expected
The general public’s domestic loan debt in Norway increased by 5.0 percent year-on-year to NOK 6,419 billion at the end of April 2021, still the most since January 2020, but below market consensus of a 5.1 percent growth. Municipal government loan debt grew 7.8 percent (vs 8.5 percent in March), while households domestic loan debt rose 5.0 percent, after increasing by 4.9 percent in the previous month. On the other hand, non-financial corporations loan debt advanced 4.4 percent, following a 4.3 percent gain in March.
2021-05-31

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