Private Credit-to-GDP Gap (Quarterly): Norway
The latest reading SOTW holds for Norway is -11.70 percentage points of GDP for 2026-Q1, from Bank for International Settlements.
Reviewed series · Credit & Debt · Quarterly · percentage points of GDP · BIS.CREDIT.GAP.Q · NOR
Published private credit-to-GDP ratio minus its one-sided Hodrick-Prescott-filtered long-run trend. Displayed in percentage points of GDP, not a percentage growth rate. BIS gaps can differ from national authorities' countercyclical-buffer gaps. This statistical measure alone is not a crisis prediction or investment recommendation. BIS statistics are freely sourced and their inclusion must not result in any additional charge to users. BIS attribution is required; resale is not permitted by SOTW's rights policy. Collection time is not the original publication timestamp. Source dimensions, unit multipliers, confidentiality and observation flags are retained. Terms: https://data.bis.org/help/legal
This is a reviewed series. Open it in the interactive economic data explorer to choose dates, compare countries and see its source evidence and recorded history.
- Latest
- -11.70
- percentage points of GDP · 2026-Q1
- Previous
- -13.19
- percentage points of GDP · 2025-Q4
- Earliest held
- -1.89
- percentage points of GDP · 2000-Q1
- Readings shown
- 105
- Every reading SOTW holds
Norway · history
percentage points of GDP · Quarterly
Readings, newest first
| Period | Value (percentage points of GDP) |
|---|---|
| 2026-Q1 | -11.70 |
| 2025-Q4 | -13.19 |
| 2025-Q3 | -16.33 |
| 2025-Q2 | -17.12 |
| 2025-Q1 | -19.02 |
| 2024-Q4 | -15.32 |
| 2024-Q3 | -17.82 |
| 2024-Q2 | -17.93 |
| 2024-Q1 | -18.29 |
| 2023-Q4 | -22.59 |
| 2023-Q3 | -25.60 |
| 2023-Q2 | -39.45 |
| 2023-Q1 | -47.05 |
| 2022-Q4 | -52.73 |
| 2022-Q3 | -54.46 |
| 2022-Q2 | -43.67 |
| 2022-Q1 | -35.96 |
| 2021-Q4 | -22.11 |
| 2021-Q3 | -4.85 |
| 2021-Q2 | 6.82 |
| 2021-Q1 | 15.03 |
| 2020-Q4 | 17.06 |
| 2020-Q3 | 14.38 |
| 2020-Q2 | 10.22 |
| 2020-Q1 | 1.12 |
| 2019-Q4 | -6.59 |
| 2019-Q3 | -9.01 |
| 2019-Q2 | -13.25 |
| 2019-Q1 | -16.95 |
| 2018-Q4 | -17.98 |
| 2018-Q3 | -16.90 |
| 2018-Q2 | -11.62 |
| 2018-Q1 | -9.81 |
| 2017-Q4 | -5.41 |
| 2017-Q3 | -2.67 |
| 2017-Q2 | 3.63 |
| 2017-Q1 | 6.13 |
| 2016-Q4 | 11.55 |
| 2016-Q3 | 17.58 |
| 2016-Q2 | 18.34 |
| 2016-Q1 | 15.20 |
| 2015-Q4 | 12.23 |
| 2015-Q3 | 10.61 |
| 2015-Q2 | 7.51 |
| 2015-Q1 | 3.94 |
| 2014-Q4 | -1.06 |
| 2014-Q3 | -4.79 |
| 2014-Q2 | -4.65 |
| 2014-Q1 | -4.97 |
| 2013-Q4 | -3.38 |
| 2013-Q3 | 0.50 |
| 2013-Q2 | 3.15 |
| 2013-Q1 | 2.22 |
| 2012-Q4 | 3.45 |
| 2012-Q3 | 3.81 |
| 2012-Q2 | 6.65 |
| 2012-Q1 | 10.16 |
| 2011-Q4 | 1.91 |
| 2011-Q3 | 5.01 |
| 2011-Q2 | 9.39 |
| 2011-Q1 | 12.85 |
| 2010-Q4 | 14.66 |
| 2010-Q3 | 17.58 |
| 2010-Q2 | 19.35 |
| 2010-Q1 | 18.21 |
| 2009-Q4 | 22.04 |
| 2009-Q3 | 25.48 |
| 2009-Q2 | 27.30 |
| 2009-Q1 | 24.12 |
| 2008-Q4 | 22.05 |
| 2008-Q3 | 17.65 |
| 2008-Q2 | 17.65 |
| 2008-Q1 | 18.05 |
| 2007-Q4 | 15.23 |
| 2007-Q3 | 12.32 |
| 2007-Q2 | 12.89 |
| 2007-Q1 | 7.57 |
| 2006-Q4 | 2.57 |
| 2006-Q3 | 2.95 |
| 2006-Q2 | 2.25 |
| 2006-Q1 | 2.60 |
| 2005-Q4 | 3.88 |
| 2005-Q3 | 3.62 |
| 2005-Q2 | 5.99 |
| 2005-Q1 | 6.55 |
| 2004-Q4 | 7.77 |
| 2004-Q3 | 10.47 |
| 2004-Q2 | 10.98 |
| 2004-Q1 | 9.63 |
| 2003-Q4 | 6.54 |
| 2003-Q3 | 9.77 |
| 2003-Q2 | 12.54 |
| 2003-Q1 | 9.22 |
| 2002-Q4 | 7.39 |
| 2002-Q3 | 7.80 |
| 2002-Q2 | 6.28 |
| 2002-Q1 | 5.04 |
| 2001-Q4 | 0.25 |
| 2001-Q3 | -5.06 |
| 2001-Q2 | -4.24 |
| 2001-Q1 | -7.05 |
| 2000-Q4 | -7.39 |
| 2000-Q3 | -1.01 |
| 2000-Q2 | -3.65 |
| 2000-Q1 | -1.89 |
Source: Bank for International Settlements. All 105 readings held, 2000-Q1 to 2026-Q1. n/a means the source value is missing or withheld.