Net domestic credit in Norway
Norway: Net domestic credit was 6.02 trillion current LCU in 2024. ◆ Volatile
Net domestic credit in Norway, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net domestic credit in Norway stood at 6.02 trillion current LCU. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 57.0% over ten years.
Over the whole period, net domestic credit in Norway peaked at 6.02 trillion current LCU in 2024 and was at its lowest, 18.59 billion current LCU, in 1960.
That places Norway 53rd out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 26.75 billion current LCU | 18.59 billion current LCU | 38.62 billion current LCU | 10 |
| 1970s | 84.33 billion current LCU | 44.28 billion current LCU | 143.37 billion current LCU | 10 |
| 1980s | 303.04 billion current LCU | 161.72 billion current LCU | 475.59 billion current LCU | 10 |
| 1990s | 617.61 billion current LCU | 473.64 billion current LCU | 913.79 billion current LCU | 10 |
| 2000s | 1.90 trillion current LCU | 1.01 trillion current LCU | 2.79 trillion current LCU | 10 |
| 2010s | 3.90 trillion current LCU | 2.92 trillion current LCU | 4.89 trillion current LCU | 10 |
| 2020s | 5.56 trillion current LCU | 5.06 trillion current LCU | 6.02 trillion current LCU | 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)
- Total reserves in months of imports 4.37 (2025)
- Net migration 29,798 (2025)
- Domestic credit to private sector by banks 105.9% (2024)
- Official exchange rate 10.4 LCU per US$, period average (2025)
- Claims on central government -0.9% (2024)
Frequently asked questions
- What is net domestic credit in Norway?
- Net domestic credit in Norway was 6.02 trillion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Norway?
- The highest recorded value was 6.02 trillion current LCU in 2024.
- What is the lowest net domestic credit recorded in Norway?
- The lowest recorded value was 18.59 billion current LCU in 1960.
- How does Norway rank for net domestic credit?
- Norway ranks 53rd out of 186 countries with data for 2024.
- Is net domestic credit rising or falling in Norway?
- Over the last ten years it is up 57.0%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). 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
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.