Total Credit to Non-Financial Sector, Adjusted for Breaks, for Norway
Billions of Norwegian Krones
QNOCAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,952.94
Year-over-Year Change
23.75%
Date Range
10/1/1995 - 10/1/2024
Summary
The 'Billions of Norwegian Krones' trend measures the total value of Norway's currency in billions. This metric is crucial for analyzing Norway's economic performance and international trade dynamics.
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
This economic indicator represents the total value of Norway's national currency, the Norwegian Krone, expressed in billions. It is a key metric used by economists, policymakers, and financial analysts to assess Norway's macroeconomic conditions and currency market movements.
Methodology
The data is collected and calculated by Norway's central bank, Norges Bank, based on official exchange rates and currency circulation.
Historical Context
The 'Billions of Norwegian Krones' trend provides important context for understanding Norway's economic policies, trade balances, and financial integration with global markets.
Key Facts
- Norway is the world's 10th largest economy by GDP.
- The Norwegian Krone is one of the most traded currencies globally.
- Norway's currency is closely tied to its oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of Norway's national currency, the Norwegian Krone, expressed in billions.
Q: Why is this trend relevant for users or analysts?
A: The 'Billions of Norwegian Krones' trend is crucial for analyzing Norway's economic performance, trade dynamics, and currency market movements.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Norway's central bank, Norges Bank, based on official exchange rates and currency circulation.
Q: How is this trend used in economic policy?
A: This trend provides important context for understanding Norway's economic policies, trade balances, and financial integration with global markets.
Q: Are there update delays or limitations?
A: The data is published regularly by Norges Bank, with typical update delays of a few weeks.
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Citation
U.S. Federal Reserve, Billions of Norwegian Krones (QNOCAMXDCA), retrieved from FRED.