Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Norway
QNOPAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
232.80
Year-over-Year Change
-2.96%
Date Range
10/1/1960 - 10/1/2024
Summary
This economic trend measures the total credit to the private non-financial sector in Norway, adjusted for statistical breaks. It provides insight into the overall level of credit and debt 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 Private Non-Financial Sector, Adjusted for Breaks, for Norway is an important indicator of the financial health and lending activity within Norway's private sector. It tracks the total amount of outstanding credit, loans, and debt owed by Norwegian households and businesses, excluding the public sector.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS) based on information provided by the Norwegian central bank.
Historical Context
Economists and policymakers use this metric to assess the flow of credit, leverage, and financial stability in the Norwegian economy.
Key Facts
- Norway's private non-financial sector credit was 167% of GDP in Q4 2021.
- Credit growth slowed to 4.5% year-over-year in Q4 2021 from a peak of 7.3% in 2020.
- Household debt accounts for over 100% of disposable income in Norway.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total outstanding credit, loans, and debt owed by the private non-financial sector in Norway, including households and businesses.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall level of lending, leverage, and financial stability in the Norwegian economy, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the Bank for International Settlements (BIS) based on information provided by the Norwegian central bank.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this metric to assess credit conditions, financial risks, and the potential need for macroprudential policies to maintain financial stability.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Norway (QNOPAM770A), retrieved from FRED.