Norway Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Norway's domestic credit was 111.02% in 2025, ranked 8th globally. This represents a 14.4% decrease from 2024. Data from World Bank, covering 2001–2025.
Overview
Norway's domestic credit stood at 111.02% in 2025, a decline of +18.73% from 2024. Based on recent trends, this figure is projected to reach 111.02% by 2025. Norway ranked 8th globally.
Norway's domestic credit has experienced significant fluctuations over the past quarter-century, with a notable peak in 2020 reaching 163.36. This represents a substantial increase from the all-time trough of 93.26 in 2001, demonstrating a rising trend in the country's credit dynamics. As of 2025, domestic credit in Norway stands at 111.02, ranking eighth globally. Compared to its peer countries, such as Morocco, which holds the highest domestic credit at 144.49, Norway's credit levels are relatively moderate. Chile, a country with a similar ranking, has a domestic credit of 121.21, indicating a comparable level of credit in both nations. The trend in Norway's domestic credit has been steadily increasing since the early 2000s, with a notable surge in 2020. However, if Norway's economic growth slows down or if there are significant changes in monetary policy, this trend may be disrupted, potentially altering the trajectory of domestic credit in the country.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 96.02% | - | - |
| 2026* trend | 103.52% | - | - |
| 2025* trend | 111.02% | - | - |
| 2025 | 111.02% | −18.73% | #8 |
| 2024 | 129.75% | +1.57% | #35 |
| 2023 | 128.18% | +17.85% | #41 |
| 2022 | 110.33% | −25.60% | #43 |
| 2021 | 135.93% | −27.43% | #45 |
| 2020 | 163.36% | +11.86% | #47 |
| 2019 | 151.50% | +5.54% | #49 |
| 2018 | 145.96% | −3.88% | #47 |
| 2017 | 149.84% | −0.54% | #48 |
| 2016 | 150.38% | +6.10% | #46 |
| 2015 | 144.28% | +10.22% | #43 |
| 2014 | 134.05% | +5.72% | #41 |
| 2013 | 128.34% | +5.71% | #40 |
| 2012 | 122.63% | −2.07% | #40 |
| 2011 | 124.69% | −0.71% | #39 |
Detected Pattern
Analysis
Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Norway's domestic credit was 111.02% in 2025. Ranked 8th globally. This represents a 14.4% decrease from the previous year.
Norway's domestic credit peaked at 163.36% in 2020.
The lowest domestic credit in Norway was 93.26% in 2001.
Norway ranks 8th globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Norway's domestic credit is projected to reach 111.02% by 2025 based on trend extrapolation.
The domestic credit of Norway in 2025 was 111.02%. This ranks 8th in the world.
Cite this page
@misc{historysaid_norway_domestic-credit,
title = {Norway Domestic Credit},
url = {https://historysaid.com/norway/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}