Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Norway
DDDI12NOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.58
Year-over-Year Change
12.10%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic indicator tracks the private credit provided by deposit money banks and other financial institutions as a percentage of Norway's GDP. It serves as a measure of financial depth and intermediation within the Norwegian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The private credit to GDP ratio is a widely used metric for assessing the level of financial development and the role of the banking sector in channeling funds to the private sector. It provides insights into the degree of financial intermediation and the overall size of the financial system relative to the broader economy.
Methodology
The data is collected and calculated by the World Bank based on national accounts and financial sector data.
Historical Context
Policymakers and economists use this indicator to evaluate the financial system's contribution to economic growth and development.
Key Facts
- Norway's private credit to GDP ratio was 161.7% in 2020.
- The ratio has increased from 105.1% in 2000, indicating growing financial depth.
- Norway has one of the highest private credit to GDP ratios among advanced economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the size of private credit provided by deposit money banks and other financial institutions as a percentage of Norway's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a widely used metric for assessing the level of financial development and the role of the banking sector in channeling funds to the private sector, providing insights into the degree of financial intermediation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the financial system's contribution to economic growth and development, and to inform policy decisions related to financial regulation and stability.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and financial sector data reported by Norway, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Norway (DDDI12NOA156NWDB), retrieved from FRED.