Flag of no

Norway Private Credit (% GDP)

Norway's private credit (% GDP) rose to 128.83% in 2024, up from 127.43% in 2023, according to World Bank. This represents an increase of 1.4% from the previous year. Norway has the 11th highest private credit (% GDP). Within Europe, it ranks 2nd out of 41 countries.

Yearly Historical Data (2001-2024)

(in %)
Year Private Credit (% GDP)
2024 128.83%
2023 127.43%
2022 110.28%
2021 137.57%
2020 163.54%
2019 149.39%
2018 142.49%
2017 145.26%
2016 144.97%
2015 137.84%
2014 128.24%
2013 124.21%
2012 122.68%
2011 124.98%
2010 127.64%
2009 127.53%
2008 119.25%
2007 107.06%
2006 97.15%
2005 106.58%
2004 105.02%
2003 106.59%
2002 102.33%
2001 96.16%
Norway Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Norway.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 16.7% 17.4% Dec'24
Debt to GDP Ratio 55.1% 44.5% Dec'24
Interest Rate 4% 4.25% Sep'25