Weaker growth in total loan debt
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The twelve-month growth in total gross debt (C3) was 2.2 per cent to end-January 2017, down from 2.6 per cent the previous month. The increase stemmed from foreign debt sources.
- Series archive
- The credit indicator C3 (archive)
Figure 1. The credit indicator C3. 12-month growth
| Total gross debt (C3) | Domestic gross debt (C2) | Foreign gross loan debt | |
| Jan. 2011 | 10.2 | 6.1 | 26.8 |
| Feb 2011 | 10.8 | 5.9 | 31.2 |
| Mar. 2011 | 10.2 | 6.2 | 26.3 |
| Apr. 2011 | 9.6 | 6.4 | 22.4 |
| May 2011 | 9.3 | 6.4 | 20.6 |
| Jun. 2011 | 7.2 | 6 | 11.8 |
| Jul. 2011 | 8.1 | 6.2 | 15.2 |
| Aug. 2011 | 8.1 | 6.5 | 14.2 |
| Sep. 2011 | 7.4 | 6.7 | 10.1 |
| Oct. 2011 | 7.1 | 6.8 | 8.2 |
| Nov. 2011 | 6.4 | 6.5 | 6 |
| Dec. 2011 | 4.8 | 6.8 | -2.1 |
| Jan. 2012 | 2.6 | 7 | -12.6 |
| Feb 2012 | 2.6 | 7.2 | -13.2 |
| Mar. 2012 | 6.5 | 7.2 | 4.1 |
| Apr. 2012 | 5 | 6.9 | -1.8 |
| May 2012 | 5 | 7 | -2.1 |
| Jun. 2012 | 6.8 | 7.3 | 4.9 |
| Jul. 2012 | 7.4 | 7.3 | 7.8 |
| Aug. 2012 | 7.1 | 7.2 | 6.8 |
| Sep. 2012 | 6.6 | 6.9 | 5.4 |
| Oct. 2012 | 6.8 | 6.9 | 6.2 |
| Nov. 2012 | 7.6 | 7.1 | 9.6 |
| Dec. 2012 | 8.5 | 6.5 | 16.1 |
| Jan. 2013 | 10.8 | 6.3 | 29.4 |
| Feb 2013 | 10.6 | 6.3 | 27.8 |
| Mar. 2013 | 6.2 | 6.2 | 5.9 |
| Apr. 2013 | 7.9 | 6.5 | 13.3 |
| May 2013 | 7.8 | 6.4 | 13.1 |
| Jun. 2013 | 7.5 | 6.4 | 11.6 |
| Jul. 2013 | 6.8 | 6.2 | 9 |
| Aug. 2013 | 7.6 | 6.2 | 12.7 |
| Sep. 2013 | 7.5 | 6.3 | 11.9 |
| Oct. 2013 | 7.8 | 6.2 | 13.6 |
| Nov. 2013 | 7.4 | 6 | 12.3 |
| Dec. 2013 | 6 | 6 | 5.8 |
| Jan. 2014 | 5.4 | 5.7 | 4.2 |
| Feb 2014 | 4.6 | 5.8 | 0.5 |
| Mar. 2014 | 6.4 | 5.7 | 8.7 |
| Apr. 2014 | 6.4 | 5.6 | 8.9 |
| May 2014 | 6 | 5.5 | 7.7 |
| Jun. 2014 | 5.6 | 5.3 | 6.6 |
| Jul. 2014 | 5.5 | 5.4 | 6 |
| Aug. 2014 | 5.2 | 5.3 | 4.6 |
| Sep. 2014 | 5.5 | 5.4 | 5.9 |
| Oct. 2014 | 5.2 | 5.4 | 4.9 |
| Nov. 2014 | 7 | 5.2 | 12.9 |
| Dec. 2014 | 6.1 | 5.4 | 8.7 |
| Jan. 2015 | 6.8 | 5.6 | 10.8 |
| Feb 2015 | 7.2 | 5.5 | 13.4 |
| Mar. 2015 | 7.1 | 5.8 | 11.6 |
| Apr. 2015 | 6 | 5.7 | 7.2 |
| May 2015 | 7.1 | 5.9 | 11.2 |
| Jun. 2015 | 7 | 5.8 | 11.2 |
| Jul. 2015 | 6.8 | 5.7 | 10.6 |
| Aug. 2015 | 6 | 5.8 | 6.5 |
| Sep. 2015 | 6.6 | 5.5 | 10.4 |
| Oct. 2015 | 5.6 | 5.5 | 6.1 |
| Nov. 2015 | 3.4 | 5.4 | -2.9 |
| Dec. 2015 | 4.7 | 5.4 | 2.5 |
| Jan. 2016 | 3.7 | 5.3 | -1.1 |
| Feb 2016 | 3.3 | 5.2 | -2.6 |
| Mar. 2016 | 4.7 | 4.9 | 4 |
| Apr. 2016 | 4.7 | 5.1 | 3.6 |
| May 2016 | 3.9 | 4.8 | 1 |
| Jun. 2016 | 4.6 | 5 | 3.4 |
| Jul. 2016 | 4 | 5 | 1.1 |
| Aug. 2016 | 4.9 | 5 | 4.7 |
| Sep. 2016 | 4.3 | 5.1 | 2 |
| Oct. 2016 | 2.8 | 5.2 | -4.9 |
| Nov. 2016 | 2.3 | 5 | -6.4 |
| Dec. 2016 | 2.6 | 4.9 | -4.8 |
| Jan. 2017 | 2.2 | 5.1 | -7.5 |
Total gross debt amounted to NOK 6 530 billion at end-January, down from NOK 6 567 billion at end-December.
Mainland Norway’s gross debt accounted for 88 per cent of the total gross debt at end-January. This amounted to NOK 5 761 billion.
Decrease in foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 366 billion at end-January, down from NOK 1 426 billion the previous month. The twelve-month growth decreased from -4.8 per cent to end-December to -7.5 per cent to end-January.
Mainland Norway accounted for 52 per cent of the public gross foreign debt, which amounted to NOK 713 billion at end-January. The twelve-month growth in mainland Norway’s foreign debt was -6.3 per cent to end-January, down from -2.8 to end-December.
Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 653 billion at end-January. The twelve-month growth was -8.7 per cent to end-January, down from -6.8 per cent to end-December.
Contact
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Heidi Vegsund
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Katharina Østensen
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Statistics Norway's Information Centre