Norway’s general public domestic loan debt increased by 4.4% year-on-year to NOK 7.84 billion at the end of January 2026, following an upwardly revised 4.5% rise in the previous month, which had marked the biggest increase since May 2023. Loan growth in households (4.7% vs 4.8% in December) and municipal government (6.5% vs 6.7%) eased, while that for non-financial corporations remained unchanged (at 3.1%).
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Norway Loan Debt Growth Slows
Norway’s general public domestic loan debt increased by 4.4% year-on-year to NOK 7.84 billion at the end of January 2026, following an upwardly revised 4.5% rise in the previous month, which had marked the biggest increase since May 2023. Loan growth in households (4.7% vs 4.8% in December) and municipal government (6.5% vs 6.7%) eased, while that for non-financial corporations remained unchanged (at 3.1%).