Norway's general public’s domestic loan debt increased 5.1 percent year-on-year to NOK 6,021 billion at the end of December 2019, easing from a 5.6 percent rise in the previous month and missing market consensus of 5.4 percent. It was the weakest growth rate since April 2017, as households domestic loan debt went up 5.0 percent (vs 5.2 percent in November) and non-financial corporations loan debt advanced 4.9 percent (vs 5.7 percent in November). Also, municipal government domestic loan debt rose 7 percent, slower than 7.8 percent in the previous month.
Loan Growth in Norway averaged 7.28 percent from 1986 until 2019, reaching an all time high of 24.20 percent in February of 1987 and a record low of -4.40 percent in October of 1992. This page provides - Norway Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Norges Bank
Loan Growth in Norway is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Norway to stand at 6.20 in 12 months time. In the long-term, the Norway Credit Indicator is projected to trend around 7.00 percent in 2021, according to our econometric models.