As of 2016, Norway has a population of 5.21 millions with a GDP(gross domestic product) of €334.98 billions(NOK3,112 billions). This
translates into €64,296(NOK59,731) of GDP per capita, one of the highest in Europe besides Luxembourg.

As at 31st December 2016, there are 15,195,000 payment cards issued in Norway(2.843 cards per capita, one of the highest in Europe besides United Kingdom),
an increase of 491,000 or 3.34% compares to 14,704,000 in 2015. Many cards have more than one payment function, e.g. BankAxept combined with Visa or MasterCard. There were thus almost 24,144,000 payment functions on the
total 15,195,000 cards issued. There are 6,808,000 cards with credit function in Norway as at 31st December 2016, an increase of 623,000 or 10.07% compares to 6,185,000 in 2015.
Cards with debit function increase by 227,000 or 1.37% to 16,779,000 in 2016, compares to 16,552,000 in 2015.

**Total Card Payments in Volume and Value**

For 2016, there are 2,174.60 millions of card payment transactions in Norway(417.39 transactions per capita, one of the highest in Europe and the world, surpassing Finland and United States),
an increase of 153.90 millions or 7.62% compares to 2,020.70 millions in 2015. Out of these transactions, 2,113.90 millions are used for goods purchases, while 60.70 millions are used for cash withdrawals.
Meanwhile, 201.70 millions or 9.28% is paid by cards with a credit function, an increase of 22.50 millions or 12.56% compares to 179.20 millions in 2015.
1,951.90 millions card payment transactions are paid by cards with debit function, an increase of 131.80 millions or 7.24% compares to 1,820.10 millions in 2015.
20.3 millions is used for billings and 0.6 millions for e-money.

The total card payments for 2016 is €95.47 billions in value(€18,324 per capita, the highest in Europe), an increase of €3.40 billions or 3.69% compares to €92.07 billions in 2015.
This also translates into €43.90 per card payment transaction. Out of these transactions, €15.10 billions or 15.82% is paid by cards with a credit function,
an increase of €1.02 billions or 7.24% compares to €14.08 billions in 2015. €77.76 billions in value is paid by debit cards, an increase of €2.42 billions
or 3.21% compares to €75.34 billions in 2015. €2.57 billions is used for billings and €0.03 billions for e-money.

At end-2016, there were 156,891 point-of-sale terminals that accepted BankAxept cards, in 115,750 retail outlets and other merchant locations.

Note: For the purpose of comparison with other European countries, the original figures in NOK is converted into EUR with 1 EUR = 9.29 NOK rate(based on 2016 annual average conversion rate).

**Total Card Payments in Value(NOK)**

The total card payments for 2016 is NOK886.9 billions in value(NOK17,023 per capita), an increase of NOK31.6 billions or 3.69% compares to NOK855.3 billions in 2015.
This also translates into NOK407.85 per card payment transaction. Out of these transactions, NOK140.3 billions or 15.82% is paid by cards with a credit function,
an increase of NOK9.5 billions or 7.26% compares to NOK130.8 billions in 2015. NOK722.4 billions in value is paid by debit cards, an increase of NOK22.5 billions
or 3.21% compares to NOK699.9 billions in 2015. NOK23.9 billions is used for billings and NOK0.3 billions for e-money.