Stronger growth in total loan debt

Published:

The twelve-month growth in total gross debt (C3) was 2.2 per cent to end-May 2017, up from 1.8 per cent the previous month. The increase stemmed from both domestic and foreign debt sources.

Figure 1. The credit indicator C3. 12-month growth

Total gross debt (C3) Domestic gross debt (C2) Foreign gross loan debt
May 2011 9.3 6.4 20.6
7.2 6.0 11.8
8.1 6.2 15.2
8.1 6.5 14.2
7.4 6.7 10.1
7.1 6.8 8.2
6.4 6.5 6.0
4.8 6.8 -2.1
2.6 7.0 -12.6
2.6 7.2 -13.2
6.5 7.2 4.1
5.0 6.9 -1.8
May 2012 5.0 7.0 -2.1
6.8 7.3 4.9
7.4 7.3 7.8
7.1 7.2 6.8
6.6 6.9 5.4
6.8 6.9 6.2
7.6 7.1 9.6
8.5 6.5 16.1
10.8 6.3 29.4
10.9 6.3 29.8
6.2 6.2 6.0
7.9 6.5 13.4
May 2013 7.8 6.4 13.1
7.5 6.4 11.6
6.8 6.2 9.0
7.4 6.2 11.8
7.5 6.3 12.0
7.8 6.2 13.7
7.4 6.0 12.4
6.0 6.0 5.8
5.4 5.7 4.2
4.6 5.8 0.5
6.4 5.7 8.7
6.4 5.6 8.9
May 2014 6.0 5.5 7.7
5.6 5.3 6.6
5.5 5.4 6.0
5.2 5.3 4.6
5.5 5.4 5.9
5.2 5.4 4.8
7.0 5.2 12.8
6.1 5.4 8.7
6.8 5.6 10.8
7.3 5.5 13.4
6.9 5.8 11.0
5.9 5.7 6.6
May 2015 7.0 5.9 11.0
6.9 5.8 10.7
6.7 5.7 10.1
5.8 5.8 6.0
6.1 5.5 8.1
5.2 5.6 3.6
2.7 5.2 -5.0
4.4 5.4 1.3
3.4 5.3 -2.3
3.1 5.2 -3.5
4.6 4.9 3.4
4.6 5.1 3.1
May 2016 3.7 4.8 0.2
4.5 5.0 2.9
3.9 5.0 0.5
4.8 5.0 4.1
4.4 5.1 2.5
2.9 5.0 -3.9
2.6 5.2 -5.4
2.5 4.8 -4.9
2.5 5.1 -5.6
2.1 5.0 -7.4
1.0 5.2 -12.0
1.8 5.1 -8.8
May 2017 2.2 5.4 -8.1

Total gross debt amounted to NOK 6 693 billion at end-May, up from NOK 6 678 billion at end-April, according to The credit indicator C3.

Mainland Norway’s gross debt accounted for 90 per cent of the total gross debt at end-May. This amounted to NOK 5 993 billion.

Increase in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 410 billion at end-May, up from NOK 1 438 billion the previous month. The twelve-month growth increased from -8.8 per cent to end-April to -8.1 per cent to end-May.

Mainland Norway accounted for 59 per cent of the public gross foreign debt, which amounted to NOK 827 billion at end-May. The twelve-month growth in mainland Norway’s foreign debt was 1.5 per cent to end-May, down from 1.8 to end-April.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 583 billion at end-May. The twelve-month growth was -18.9 per cent to end-May, up from -21.0 per cent to end-April.

Contact