Close window

454 Average interest rate on loans from banks, average interest rate on deposits, price increase, real interest rates and effective yields on domestic bonds (10 year) and nibor (3 month). 31 December. Per cent
  Nominal interest on loans1 Inflation2 Real interest rate3 Interest on deposits1 Interest rate margin Bonds 3 months effective4
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 2.4 2.4 3.0
2012 4.8 0.8 4.0 2.3 2.5 2.0 1.9
1  From 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 quarterly interest rate statistics are produced by Statistics Norway.
2  An increase in prices is equal to percentage change in the Consumer Price Index (CPI) from last year.
3  Real interest rate is defined as interest rate on loans minus the increase in prices.
4  Before 1986 quarterly average.
Source: Statistics Norway and Norges Bank.
More information:  http://www.ssb.no/en/orbofrent 

Explanation of symbols