Norway: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 5560.45 billion Norwegian Krone as of June 2024, an increase compared to the previous value of 5533.19 billion Norwegian Krone. Historically, the average for Norway from January 1996 to June 2024 is 2645.06 billion Norwegian Krone. The minimum of 533.62 billion Norwegian Krone was recorded in January 1996, while the maximum of 5560.45 billion Norwegian Krone was reached in June 2024.
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* indicates monthly or quarterly data series
- Measure: billion Norwegian Krone
- Source: Statistics Norway
| Recent values | Norway: Private sector credit, billion currency units |
|---|---|
| 2024 Jun | 5560.45 |
| 2024 May | 5533.19 |
| 2024 Apr | 5520.46 |
| 2024 Mar | 5509.12 |
| 2024 Feb | 5496.14 |
| 2024 Jan | 5480.21 |
| 2023 Dec | 5474.74 |
| 2023 Nov | 5482.31 |
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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 5.5 | 2023 | percent |
| Exchange rate regimes | 7 | 2021 | index points |
| USD exchange rate | 10.6131 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 3,229.35 | 6/2024 | billion |
| Consumer Price Index (CPI) | 134.8000 | 8/2024 | index points |
| Inflation, monthly | -1.10 | 8/2024 | percent |
| Inflation, annual | 2.28 | 8/2024 | percent |
| Private sector credit | 5,560.45 | 6/2024 | billion |
| Business credit | 1,733.89 | 6/2024 | billion |
| Household credit | 3,826.55 | 6/2024 | billion |
| Mortgage credit | 2,890.43 | 6/2024 | billion |
| Consumer credit | 936.12 | 6/2024 | billion |
| Deposit interest rate | 4.84 | 6/2024 | percent |
| Business credit interest rate | 6.88 | 6/2024 | percent |
| Mortgage credit interest rate | 5.72 | 6/2024 | percent |
| Policy rate | 4.50 | 8/2024 | percent |
| Household debt to GDP | 87.50 | 3/2024 | percent |
| Debt service ratios for private non-financial sector | 35.30 | Q1/2024 | percent |