Norway—Domestic Credit by Financial Sector (% of GDP)
Norway's domestic credit by financial sector (% of GDP) was 125.4% in 2024, ranking #10 out of 58 countries. This represents a +1.7% change from 2023. Over the past 24 years, the highest recorded value was 157.1% (2020) and the lowest was 93.6% (2001). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 125.4% | +1.7% |
| 2023 | 123.3% | +15.7% |
| 2022 | 106.6% | -18.8% |
| 2021 | 131.2% | -16.5% |
| 2020 | 157.1% | +7.6% |
| 2019 | 146.0% | +3.4% |
| 2018 | 141.2% | -2.5% |
| 2017 | 144.8% | -0.5% |
| 2016 | 145.5% | +4.1% |
| 2015 | 139.8% | +7.2% |
| 2014 | 130.4% | +4.3% |
| 2013 | 125.0% | +4.4% |
| 2012 | 119.8% | -1.8% |
| 2011 | 121.9% | -0.8% |
| 2010 | 122.8% | -0.5% |
| 2009 | 123.5% | +5.9% |
| 2008 | 116.6% | +3.7% |
| 2007 | 112.4% | +9.8% |
| 2006 | 102.4% | -3.3% |
| 2005 | 105.9% | +0.9% |
| 2004 | 104.9% | -0.3% |
| 2003 | 105.2% | +4.0% |
| 2002 | 101.2% | +8.1% |
| 2001 | 93.6% |
Top Countries — Domestic Credit by Financial Sector (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Japan | 338.1% | 2025 |
| 2 | United States | 262.3% | 2025 |
| 3 | Thailand | 196.5% | 2025 |
| 4 | Fiji | 170.1% | 2025 |
| 5 | New Zealand | 158.8% | 2025 |
| 6 | Jamaica | 152.3% | 2021 |
| 7 | Mauritius | 144.1% | 2025 |
| 8 | Morocco | 135.0% | 2024 |
| 9 | Chile | 125.7% | 2025 |
| 10 | Norway | 125.4% | 2024 |
About This Indicator
Definition
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD).
Unit
% of GDP