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.


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Norway Credit Indicator

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.60 24.20 -4.40 1986 - 2019 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-31 07:00 AM Sep 5.8% 5.5% 5.6% 5.5%
2019-11-28 07:00 AM Oct 5.6% 5.8% 5.5% 5.8%
2020-01-07 07:00 AM Nov 5.6% 5.6% 5.5% 5.5%
2020-01-31 07:00 AM Dec 5.1% 5.6% 5.4% 5.4%
2020-02-28 07:00 AM Jan 5.1% 5%
2020-03-31 06:00 AM Feb
2020-04-30 06:00 AM Mar 4.9%
2020-05-29 06:00 AM Apr


News Stream
Norway Domestic Loan Debt Growth at 2-1/2-Year Low
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.
2020-01-31
Norway Loan Debt Rises More than Forecast
Norway's general public’s domestic loan debt increased 5.6 percent year-on-year to NOK 6,022 billion at the end of November 2019, the same pace as in the previous month but above market consensus of 5.5 percent. Households domestic loan debt went up 5.2 percent (vs 5.0 percent in October) and municipal government loan debt advanced 7.8 percent (vs 7.6 percent in October). Meantime, non-financial corporations domestic loan debt rose 5.8 percent, slower than 6.1 percent in the previous month.
2020-01-07
Norway Domestic Loan Debt Growth Slows
Norway's general public’s domestic loan debt increased 5.6 percent year-on-year to NOK 6,004 billion in October 2019, easing from a 5.8 percent growth in the previous month but above market consensus of 5.5 percent. Non-financial corporations domestic loan debt rose 6.1 percent (vs 7.0 percent in September) and households domestic loan debt went up 5.0 percent (vs 5.1 percent in September). Meantime, municipal government loan debt advanced 7.6 percent, faster than 7.0 percent in the previous month.
2019-11-28
Norway Domestic Loan Debt Growth at 5-Month High
Norway's general public’s domestic loan debt increased 5.8 percent year-on-year to NOK 5,968 billion in September 2019, accelerating from a 5.5 percent growth in the previous month and beating market consensus of 5.6 percent. Non-financial corporations domestic loan debt rose 6.9 percent (vs 5.7 percent in August) and government loan debt advanced 7.0 percent (vs 6.9 percent). Meanwhile, households domestic loan debt went up 5.1 percent, softer than 5.2 percent in August.
2019-10-31

Norway Credit Indicator
Loan growth in Norway refers to an annual change in the general public’s gross domestic debt.