Norway Lending Rate
Lending interest rate FR.INR.LEND
Norway's lending rate was 6.91% in 2025, ranked 67th globally. This represents a 12.5% increase from 2024. Data from World Bank, covering 2013–2025.
Overview
Norway's lending rate stood at 6.91% in 2025, a rise of +0.77pp from 2024. Based on recent trends, this figure is projected to reach 6.91% by 2025. Norway ranked 67th globally.
Norway’s lending rate has risen sharply from 4.35 % in 2013 to an all‑time peak of 6.91 % in 2025, placing the country 67th globally and matching Panama’s 2025 rate of 6.91 % while remaining below Qatar’s 7.06 % and Cabo Verde’s 7.52 %. The steep ascent follows a pronounced trough of 2.27 % in 2021, suggesting that monetary policy has tightened considerably over the past four years as inflationary pressures intensified across the Nordic region. Over the 13‑year coverage period, the rate’s upward trajectory reflects a broader shift from the ultra‑low‑interest environment that characterized the early 2020s toward a more conventional stance aimed at curbing price growth. Should inflation ease and global financial conditions stabilize, the Norwegian central bank may pause or modestly lower rates, but persistent price pressures could keep the trajectory upward in the near term.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 8.90% | - | - |
| 2026* trend | 7.91% | - | - |
| 2025* trend | 6.91% | - | - |
| 2025 | 6.91% | +0.77pp | #67 |
| 2024 | 6.15% | +0.84pp | #19 |
| 2023 | 5.31% | +2.07pp | #12 |
| 2022 | 3.24% | +0.97pp | #5 |
| 2021 | 2.27% | −0.42pp | #2 |
| 2020 | 2.70% | −0.54pp | #4 |
| 2019 | 3.24% | +0.31pp | #4 |
| 2018 | 2.93% | −0.08pp | #4 |
| 2017 | 3.01% | −0.06pp | #6 |
| 2016 | 3.07% | −0.43pp | #6 |
| 2015 | 3.50% | −0.71pp | #9 |
| 2014 | 4.21% | −0.14pp | #8 |
| 2013 | 4.35% | – | #8 |
Detected Pattern
Analysis
Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Norway's lending rate was 6.91% in 2025. Ranked 67th globally. This represents a 12.5% increase from the previous year.
Norway's lending rate peaked at 6.91% in 2025.
The lowest lending rate in Norway was 2.27% in 2021.
Norway ranks 67th globally in lending rate as of 2025.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
Norway's lending rate is projected to reach 6.91% by 2025 based on trend extrapolation.
The lending rate of Norway in 2025 was 6.91%. This ranks 67th in the world.
Cite this page
@misc{historysaid_norway_lending-rate,
title = {Norway Lending Rate},
url = {https://historysaid.com/norway/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}