Total Credit to Non-Financial Sector, Adjusted for Breaks, for Norway
QNOCAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
287.50
Year-over-Year Change
1.99%
Date Range
10/1/1995 - 10/1/2024
Summary
This economic trend measures the total credit extended to the non-financial sector in Norway, adjusted for statistical breaks. It provides insights into the overall level of financial intermediation and credit availability in 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 total credit to the non-financial sector is a key indicator of the financial system's ability to channel funds from savers to borrowers, supporting economic activity. Analyzing this trend helps economists and policymakers assess the health and stability of the Norwegian financial system.
Methodology
The data is collected and compiled by the Bank for International Settlements (BIS) from national sources.
Historical Context
This trend is used by central banks, governments, and market analysts to monitor credit conditions and financial stability in Norway.
Key Facts
- Norway's total credit to non-financial sector was 206.3% of GDP in 2021.
- Credit growth slowed to 4.9% year-on-year in 2021 compared to 6.3% in 2020.
- Household debt in Norway reached 105.4% of disposable income in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended to the non-financial sector in Norway, including households, non-financial corporations, and the government. It provides insights into the overall level of financial intermediation and credit availability in the Norwegian economy.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the total credit to the non-financial sector is important for assessing the health and stability of the Norwegian financial system. It helps economists and policymakers understand the availability of credit and the level of financial intermediation, which are crucial for supporting economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Bank for International Settlements (BIS) from national sources in Norway.
Q: How is this trend used in economic policy?
A: Central banks, governments, and market analysts use this trend to monitor credit conditions and financial stability in Norway. It informs policy decisions and helps assess the effectiveness of measures aimed at promoting sustainable credit growth and financial system resilience.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the BIS, with a potential delay of several months. The timeliness and accuracy of the data may be subject to revisions and changes in reporting methodologies over time.
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Citation
U.S. Federal Reserve, Total Credit to Non-Financial Sector, Adjusted for Breaks, for Norway (QNOCAM770A), retrieved from FRED.