The government’s reprioritisation plans, from the development assistance budget to managing a potential Ukrainian refugee crisis, are expected to stimulate growth in education gross lending in the forecast period. As such steps may see cuts to state education aid, so people will need help with financing their education needs.
The government’s policy on traffic and petrol and diesel car reduction is predicted to dampen the growth potential on auto gross lending. There is already a large share of electric car sales in Norway, with the shift from traditional to electric cars set to continue.
Norway is expected to be a relatively stable market in post-COVID-19 pandemic forecast period, as the economy reopens quickly, unemployment decreases and consumers return to pre-pandemic lifestyles. However, in light of the War in Ukraine and inflationary pressure, with anticipated rises food and energy prices and potential interest rate hikes, there is growing economic uncertainty.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Norway with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Norway, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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