Norway's general public’s domestic loan debt increased 4.5 percent year-on-year to NOK 6,287 billion at the end of October 2020, after a 4.6 percent rise in the previous month. It was the weakest general public’s domestic loan debt growth since May 2010, as non-financial corporations loan debt advanced 3.2 percent, softer than 3.3 percent in the previous month, while municipal government domestic loan debt went up 7.8 percent, after an 8.6 percent growth in the prior month. Meantime, households domestic loan debt rose 4.8 percent, faster than 4.7 percent in September. source: Norges Bank
Loan Growth in Norway averaged 7.21 percent from 1986 until 2020, 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. Norway Credit Indicator - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Loan Growth in Norway is expected to be 3.20 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 2.10 in 12 months time. In the long-term, the Norway Credit Indicator is projected to trend around 2.40 percent in 2021 and 3.00 percent in 2022, according to our econometric models.