Total Credit to Households and NPISHs, Adjusted for Breaks, for Norway
QNOHAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.60
Year-over-Year Change
-7.61%
Date Range
1/1/1975 - 10/1/2024
Summary
This economic trend measures the total credit provided to Norwegian households and non-profit institutions serving households (NPISHs), adjusted for statistical breaks in the data series. It is a key indicator of consumer credit conditions and household financial health.
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 households and NPISHs metric provides insight into the overall level of debt and access to financing for Norwegian consumers. It is used by policymakers, economists, and analysts to assess household balance sheets, consumption patterns, and the broader financial stability of the Norwegian economy.
Methodology
The data is collected and calculated by Norway's central bank, Norges Bank, based on reports from financial institutions.
Historical Context
This indicator informs monetary and financial policies aimed at promoting economic growth and financial system resilience.
Key Facts
- Norway's household debt-to-GDP ratio is among the highest in the OECD.
- Credit to Norwegian households has grown rapidly over the past two decades.
- Household debt levels are a key focus for Norges Bank's financial stability mandate.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of credit provided to Norwegian households and non-profit institutions serving households, adjusted for statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: The total household credit metric is a critical barometer of consumer financial health and provides insights into household consumption patterns, lending conditions, and overall financial stability in Norway.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Norges Bank based on reports from financial institutions operating in Norway.
Q: How is this trend used in economic policy?
A: Policymakers at Norges Bank and other institutions monitor this indicator to inform monetary, macroprudential, and financial stability policies aimed at promoting sustainable economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months. There may be revisions to account for statistical breaks or methodological changes over time.
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Citation
U.S. Federal Reserve, Total Credit to Households and NPISHs, Adjusted for Breaks, for Norway (QNOHAM770A), retrieved from FRED.