General Public Domestic Loan Debt y/y reflects household debt to Norwegian credit institutions in Norwegian kroner and in foreign currency. The statistics cover debt on all loans issued by domestic banks, state credit institutions, financial and non-life insurance companies, mortgage companies, pension funds and others.
The loan debt indicator directly reflects private sector lending in Norway. The amount of credit loans issued to households and private businesses characterizes the level of the country's banking sector development, consumer well-being and, in part, retail sales In general, Retail Sales growth indicates an increase in consumer activity and can be seen as positive for the Norwegian krone quotes.