Table
| Nominal interest on loans1 | Inflation2 | Real interest rate3 | Interest on deposits1 | Interest rate margin | Bonds | 3 months effective4 | |
|---|---|---|---|---|---|---|---|
| 1From 1975 interest includes commission. Before 1979 the source is Statistics Norways' Historical Statistics. For the period 1979 to 1987, the interest rates on loans (including non-accrual loans) and on deposits overall in banks was calculated by combining the information from the annual interest rate statistics, which provide average interest rates at the end of each year, with data from the quarterly interest rate statistics, which provided the highest and lowest rates on new loans. As from 1987 until 2006, the source is Norges Bank's quarterly interest rate statistics. From 1 January 2007 the interest rate statistics are produced by Statistics Norway. | |||||||
| 2An increase in prices is equal to percentage change in the Consumer Price Index (CPI) from last year. | |||||||
| 3Real interest rate is defined as interest rate on loans minus the increase in prices. | |||||||
| 4Before 1986 quarterly average. | |||||||
| 1953 | - | 1.9 | - | 1.2 | - | - | - |
| 1954 | 3.5 | 4.5 | -1.0 | 1.2 | 2.3 | - | - |
| 1955 | 4.4 | 1.1 | 3.3 | 1.9 | 2.5 | - | - |
| 1956 | 4.5 | 3.6 | 0.9 | 2.1 | 2.4 | 4.3 | - |
| 1957 | 4.6 | 2.8 | 1.8 | 2.2 | 2.4 | 4.5 | - |
| 1958 | 4.7 | 4.7 | 0.0 | 2.2 | 2.6 | 4.8 | - |
| 1959 | 4.8 | 2.6 | 2.2 | 2.2 | 2.7 | 4.6 | - |
| 1960 | 4.8 | 0.0 | 4.8 | 2.2 | 2.6 | 4.6 | - |
| 1961 | 4.9 | 2.5 | 2.4 | 2.3 | 2.6 | 4.6 | - |
| 1962 | 5.0 | 5.5 | -0.5 | 2.4 | 2.6 | 4.7 | - |
| 1963 | 5.1 | 2.6 | 2.5 | 2.4 | 2.7 | 4.6 | - |
| 1964 | 5.2 | 5.6 | -0.4 | 2.5 | 2.7 | 4.6 | - |
| 1965 | 5.3 | 4.3 | 1.0 | 2.6 | 2.7 | 4.7 | - |
| 1966 | 5.4 | 3.1 | 2.3 | 2.6 | 2.8 | 4.5 | - |
| 1967 | 5.5 | 4.5 | 1.0 | 2.8 | 2.8 | 5.0 | - |
| 1968 | 5.6 | 3.3 | 2.3 | 2.8 | 2.8 | 4.9 | - |
| 1969 | 6.5 | 3.2 | 3.3 | 3.5 | 3.0 | 5.1 | - |
| 1970 | 6.6 | 10.7 | -4.1 | 3.8 | 2.8 | 6.3 | - |
| 1971 | 6.6 | 6.0 | 0.6 | 3.8 | 2.8 | 6.4 | - |
| 1972 | 6.7 | 7.2 | -0.5 | 3.8 | 2.9 | 6.3 | - |
| 1973 | 6.8 | 7.6 | -0.8 | 4.0 | 2.8 | 6.2 | - |
| 1974 | 7.6 | 9.4 | -1.8 | 4.4 | 3.2 | 7.1 | - |
| 19754 | 8.5 | 11.6 | -3.1 | 4.7 | 3.8 | 7.3 | - |
| 1976 | 8.9 | 9.2 | -0.3 | 4.9 | 4.0 | 7.3 | - |
| 1977 | 9.1 | 9.0 | 0.1 | 5.1 | 4.0 | 7.4 | - |
| 1978 | 10.9 | 8.2 | 2.7 | 6.3 | 4.6 | 8.5 | 13.1 |
| 1979 | 11.1 | 4.8 | 6.3 | 6.9 | 4.2 | 9.6 | 11.4 |
| 1980 | 12.4 | 10.9 | 1.5 | 7.3 | 5.1 | 10.2 | 13.0 |
| 1981 | 13.2 | 13.6 | -0.4 | 7.9 | 5.3 | 12.3 | 14.0 |
| 1982 | 13.8 | 11.3 | 2.5 | 8.4 | 5.4 | 13.2 | 16.5 |
| 1983 | 13.8 | 8.4 | 5.4 | 8.5 | 5.3 | 12.9 | 14.2 |
| 1984 | 13.4 | 6.2 | 7.2 | 8.9 | 4.5 | 12.2 | 13.9 |
| 1985 | 13.4 | 5.7 | 7.9 | 9.1 | 4.3 | 13.5 | 13.3 |
| 1986 | 16.0 | 7.2 | 8.9 | 10.4 | 5.6 | 13.5 | 17.2 |
| 1987 | 16.8 | 8.7 | 8.3 | 11.3 | 5.5 | 13.4 | 16.4 |
| 1988 | 16.4 | 6.7 | 10.1 | 10.7 | 5.7 | 11.7 | 12.7 |
| 1989 | 14.4 | 4.6 | 10.3 | 8.8 | 5.6 | 10.9 | 13.2 |
| 1990 | 14.2 | 4.1 | 10.6 | 8.9 | 5.2 | 10.6 | 12.4 |
| 1991 | 13.7 | 3.4 | 10.8 | 8.7 | 5.0 | 9.7 | 11.3 |
| 1992 | 13.8 | 2.3 | 12.0 | 9.1 | 4.7 | 9.2 | 13.2 |
| 1993 | 8.9 | 2.3 | 6.9 | 4.4 | 4.4 | 5.6 | 5.9 |
| 1994 | 8.2 | 1.4 | 7.0 | 4.3 | 3.9 | 8.0 | 6.3 |
| 1995 | 7.5 | 2.4 | 5.2 | 4.0 | 3.5 | 6.4 | 5.5 |
| 1996 | 6.6 | 1.3 | 5.4 | 3.3 | 3.3 | 6.2 | 4.0 |
| 1997 | 6.0 | 2.6 | 3.4 | 2.9 | 3.1 | 5.5 | 3.9 |
| 1998 | 9.7 | 2.3 | 7.5 | 6.3 | 3.4 | 5.3 | 8.6 |
| 1999 | 7.6 | 2.3 | 5.3 | 4.4 | 3.1 | 6.2 | 6.1 |
| 2000 | 8.9 | 3.1 | 5.8 | 5.8 | 3.1 | 6.0 | 7.9 |
| 2001 | 8.6 | 3.0 | 5.7 | 5.7 | 2.9 | 6.3 | 6.6 |
| 2002 | 8.6 | 1.3 | 7.4 | 5.8 | 2.8 | 5.8 | 6.6 |
| 2003 | 4.7 | 2.5 | 2.2 | 1.8 | 2.8 | 4.6 | 2.4 |
| 2004 | 4.0 | 0.4 | 3.6 | 1.3 | 2.7 | 4.0 | 2.0 |
| 2005 | 4.0 | 1.6 | 2.4 | 1.6 | 2.4 | 3.6 | 2.6 |
| 2006 | 4.7 | 2.3 | 2.4 | 2.6 | 2.1 | 4.3 | 4.0 |
| 2007 | 6.7 | 0.8 | 5.9 | 4.4 | 2.3 | 4.7 | 6.1 |
| 2008 | 7.3 | 3.8 | 3.5 | 4.6 | 2.7 | 3.8 | 4.1 |
| 2009 | 4.3 | 2.1 | 2.2 | 1.9 | 2.4 | 4.2 | 2.2 |
| 2010 | 4.6 | 2.5 | 2.1 | 2.2 | 2.4 | 3.7 | 2.7 |
| 2011 | 5.0 | 1.2 | 3.8 | 2.6 | 2.5 | 2.5 | 3.0 |
| 2012 | 4.7 | 0.8 | 3.9 | 2.4 | 2.4 | 2.0 | 1.9 |
| 2013 | 4.7 | 2.1 | 2.6 | 2.2 | 2.5 | 2.9 | 1.7 |
| 2014 | 4.4 | 2.0 | 2.4 | 1.9 | 2.5 | 2.0 | 1.5 |
| 2015 | 3.6 | 2.1 | 1.5 | 0.9 | 2.7 | 1.6 | 1.2 |
| 2016 | 3.5 | 3.6 | -0.1 | 0.8 | 2.7 | 1.7 | 1.2 |