Total Credit — Value Standard Local Currency in Norway
Norway: Total Credit — Value Standard Local Currency was 7.18 million million SLC in 2024. ▲ Rising
Total Credit — Value Standard Local Currency in Norway, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, total credit — value standard local currency in Norway stood at 7.18 million million SLC. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 9.9% on the previous year and up 77.1% over ten years.
Over the whole period, total credit — value standard local currency in Norway peaked at 7.18 million million SLC in 2024 and was at its lowest, 1.51 million million SLC, in 2001.
Norway ranks 32nd of 165 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Total Credit — Value Standard Local Currency in Norway, year by year
| Year | million SLC | Change |
|---|---|---|
| 2001 | 1.51 million million SLC | — |
| 2002 | 1.60 million million SLC | +6.2% |
| 2003 | 1.73 million million SLC | +8.2% |
| 2004 | 1.88 million million SLC | +8.5% |
| 2005 | 2.13 million million SLC | +13.3% |
| 2006 | 2.16 million million SLC | +1.6% |
| 2007 | 2.53 million million SLC | +16.9% |
| 2008 | 3.13 million million SLC | +23.7% |
| 2009 | 3.11 million million SLC | -0.5% |
| 2010 | 3.33 million million SLC | +6.9% |
| 2011 | 3.51 million million SLC | +5.6% |
| 2012 | 3.66 million million SLC | +4.2% |
| 2013 | 3.84 million million SLC | +4.9% |
| 2014 | 4.05 million million SLC | +5.6% |
| 2015 | 4.31 million million SLC | +6.4% |
| 2016 | 4.52 million million SLC | +4.7% |
| 2017 | 4.83 million million SLC | +6.9% |
| 2018 | 5.10 million million SLC | +5.6% |
| 2019 | 5.37 million million SLC | +5.4% |
| 2020 | 5.66 million million SLC | +5.4% |
| 2021 | 5.95 million million SLC | +5.1% |
| 2022 | 6.29 million million SLC | +5.8% |
| 2023 | 6.53 million million SLC | +3.8% |
| 2024 | 7.18 million million SLC | +9.9% |
Norway compared with similar countries
- Norway's 7.18 million million SLC is above the median for high income countries, which is 263,838 million SLC, 27.2× the median. (52 countries reporting)
- Norway's 7.18 million million SLC is above the median for Europe & Central Asia, which is 367,788 million SLC, 19.5× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.20 million million SLC | 1.51 million million SLC | 3.13 million million SLC | 9 |
| 2010s | 4.25 million million SLC | 3.33 million million SLC | 5.37 million million SLC | 10 |
| 2020s | 6.32 million million SLC | 5.66 million million SLC | 7.18 million million SLC | 5 |
Countries ranked near Norway
More agriculture & rural data for Norway
- Agriculture, forestry, and fishing, value added (current US$), annual 2.39 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0164 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 1,553 current US$ per person (2025)
- Rural population, annual growth rate -0.7644 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.1643 units per person (2025)
- Share of GDP from agriculture 1.6% (2025)
- Agriculture as a share of GDP vs. GDP per capita 1.6% (2025)
- Agricultural raw materials exports 0.8% (2025)
- Agricultural raw materials imports 1.0% (2025)
Frequently asked questions
- What is total credit — value standard local currency in Norway?
- Total credit — value standard local currency in Norway was 7.18 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency recorded in Norway?
- The highest recorded value was 7.18 million million SLC in 2024.
- What is the lowest total credit — value standard local currency recorded in Norway?
- The lowest recorded value was 1.51 million million SLC in 2001.
- How does Norway rank for total credit — value standard local currency?
- Norway ranks 32nd out of 165 countries with data for 2024.
- Is total credit — value standard local currency rising or falling in Norway?
- Over the last ten years it is up 77.1%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.