Norway - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Norway was 140.45 as of 2020. Its highest value over the past 60 years was 140.45 in 2020, while its lowest value was 30.41 in 1980.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 31.70
1961 32.25
1962 32.45
1963 32.31
1964 31.93
1965 31.10
1966 32.00
1967 31.81
1968 32.42
1969 33.90
1970 32.39
1971 32.79
1972 33.39
1973 33.27
1974 32.65
1975 33.20
1976 30.62
1977 31.70
1978 31.16
1979 31.45
1980 30.41
1981 30.72
1982 31.47
1983 32.39
1984 36.40
1985 42.91
1986 53.11
1987 59.61
1988 61.15
1989 62.26
1990 61.57
1991 55.87
1992 55.02
1993 53.44
1994 53.46
1995 54.77
1996 56.87
1997 62.03
1998 68.91
1999 67.13
2000 64.33
2001 89.64
2002 95.75
2003 98.65
2004 96.90
2005 98.85
2006 89.40
2007 99.41
2008 102.37
2009 109.17
2010 110.11
2011 107.89
2012 105.77
2013 107.06
2014 110.22
2015 118.14
2016 123.60
2017 124.28
2018 121.82
2019 127.85
2020 140.45

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets