Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Norway
QNOPBM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.20
Year-over-Year Change
-6.45%
Date Range
10/1/1960 - 10/1/2024
Summary
This economic indicator tracks the amount of credit extended by banks to the private non-financial sector in Norway, adjusted for statistical breaks. It provides insights into the level of financial intermediation and economic activity.
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 Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Norway metric represents the total value of loans and other credit instruments provided by the banking system to private businesses and households, excluding the public sector. This trend is a key measure of financial deepening and can signal changes in economic conditions and credit market dynamics.
Methodology
The data is collected and compiled by the Bank for International Settlements (BIS) based on information provided by the Norwegian central bank.
Historical Context
This indicator is widely used by economists, policymakers, and financial analysts to assess the state of Norway's credit markets and private sector activity.
Key Facts
- Norway's private sector credit-to-GDP ratio was 193.4% as of the latest data.
- Bank credit to the private non-financial sector accounts for over 90% of Norway's total credit.
- Credit growth has slowed in recent years as the Norwegian economy has moderated.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of credit extended by banks to the private non-financial sector in Norway, adjusted for statistical breaks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and private sector activity, which are important for assessing the health of Norway's economy.
Q: How is this data collected or calculated?
A: The data is collected and 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: Economists and policymakers use this indicator to monitor credit market conditions and private sector dynamics, which can inform monetary and financial stability policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures due to changes in statistical methodologies or reporting.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Norway (QNOPBM770A), retrieved from FRED.