Norway Private Credit to GDP
124.4%▲ +1.84 pt
Dec 2024 · Annual
Norway's private credit to GDP ratio rose to 124.39% in 2024, up from 122.55% in 2023. The ratio remains well below the all-time high of 157.28% recorded in 2020. The series dates back to 2001.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 124.4% | 122.5% | 157.3%Dec 2020 | 96.4%Dec 2006 | 2001 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Interest Rate | 4.3% | 4.3% | 17.0% | 0.0% | Aug 2026 | Monthly |
| GDP | $530.8B | $500.9B | $617.3B | $5.2B | Dec 2025 | Annual |
About this series
Private Credit to GDP in Norway averaged 121.4% from 2001 until 2024, reaching an all-time high of 157.3% in Dec 2020 and a record low of 96.4% in Dec 2006. The series is reported yearly with history from 2001.
Private credit to GDP measures the total value of credit provided by financial institutions to the private sector as a percentage of gross domestic product. It is reported annually for Norway, with observations available from 2001 onward. The indicator reflects the depth of financial intermediation in the economy.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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