Broad money to total reserves ratio in Norway
Norway: Broad money to total reserves ratio was 3.66 in 2024. ▼ Falling
Broad money to total reserves ratio in Norway, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
In 2024, broad money to total reserves ratio in Norway stood at 3.66.
Compared with earlier readings it is up 0.7% on the previous year and down 22.3% over ten years.
Over the whole period, broad money to total reserves ratio in Norway peaked at 9.8 in 1962 and was at its lowest, 2.39, in 1985.
Norway ranks 57th of 158 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 65 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.35 | 6.78 | 9.8 | 10 |
| 1970s | 7.13 | 5.69 | 8.7 | 10 |
| 1980s | 3.81 | 2.39 | 4.61 | 10 |
| 1990s | 4.1 | 3.22 | 6.31 | 10 |
| 2000s | 3.75 | 2.95 | 4.94 | 10 |
| 2010s | 4.65 | 3.93 | 5.87 | 10 |
| 2020s | 3.89 | 3.63 | 4.43 | 5 |
Countries ranked near Norway
More financial sector data for Norway
- Domestic credit to private sector 124.4% (2024)
- Claims on central government, etc. -15.0% (2024)
- Broad money 59.3% (2024)
- Monetary Sector credit to private sector 106.0% (2024)
- Net foreign assets -717.63 billion current LCU (2024)
- Net domestic credit 6.02 trillion current LCU (2024)
- Net migration 29,798 (2025)
- Total reserves in months of imports 4.37 (2025)
- Domestic credit to private sector by banks 105.9% (2024)
- Official exchange rate 10.4 LCU per US$, period average (2025)
Frequently asked questions
- What is broad money to total reserves ratio in Norway?
- Broad money to total reserves ratio in Norway was 3.66 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Norway?
- The highest recorded value was 9.8 in 1962.
- What is the lowest broad money to total reserves ratio recorded in Norway?
- The lowest recorded value was 2.39 in 1985.
- How does Norway rank for broad money to total reserves ratio?
- Norway ranks 57th out of 158 countries with data for 2024.
- Is broad money to total reserves ratio rising or falling in Norway?
- Over the last ten years it is down 22.3%. The long-run trend across the full record is falling.
- Where does this Norway data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money to total reserves ratio. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).