84566_not-searchable
/en/bank-og-finansmarked/statistikker/k3/arkiv
84566
Decrease in total debt growth
statistikk
2012-08-16T10:00:00.000Z
Banking and financial markets
en
k3, The credit indicator C3, total gross debt, foreign debt, debt, credit, total debtFinancial indicators, Banking and financial markets
false

The credit indicator C3, May 2012

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Published:

This is an archived release.

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Decrease in total debt growth

The twelve-month growth in total gross debt (C3) was 3.9 per cent to end-May, down from 4.1 per cent the previous month. The decrease stemmed from foreign debt sources.

Total gross debt amounted to NOK 4 912 billion at end-May, up from NOK 4 866 billion at end-April.

Mainland Norway’s gross debt accounted for 87 per cent of the total gross debt at end-May. This amounted to NOK 4 268 billion at end-May, up from NOK 4 241 billion the previous month.

The credit indicator C3 by credit sources. Twelve-month growth. Per cent

Decrease in foreign debt

The general public gross foreign debt, which mainly relates to non-financial enterprises, amounted to NOK 955 billion at end-May, up from NOK 944 billion the previous month. The twelve-month growth decreased from -5.7 per cent to end-April to -6.4 per cent to end-May.

Mainland Norway accounted for 50.2 per cent of the public gross foreign debt, which amounted to NOK 479 billion at end-May. The twelve-month growth in mainland Norway’s foreign debt was -7.4 per cent to end-May, down from -4.2 per cent to end-April. The increase in mainland Norway’s foreign debt stemmed from both short and long-term debt.

Offshore industries accounted for the remainder of the foreign debt, and amounted to NOK 476 billion at end-May. The annual growth climbed from -7.4 per cent to end-April to -5.3 per cent to end-May. The increase in annual growth rate for the offshore industries stemmed from both short and long-term debt.

Unchanged domestic gross debt growth

The credit indicator (C2) amounted to NOK 3 957 billion at end-May. The twelve-month growth was 6.7 per cent to end-May, unchanged from the previous month. The debt growth in non-financial enterprises was 6.0 per cent, while the growth in household debt was 7.1 per cent. The C2 statistics show that the annual growth in the general public domestic gross debt increased from 6.7 per cent to end-May to 7.1 per cent to end-June.

Specifications for the credit indicator C3. Twelve-month growth. Per cent
  Nov. 2011 Dec. 2011 Jan. 2012 Feb. 2012 Mar. 2012 Apr. 2012 May. 2012
Total gross debt (C3) 5.8 4.3 1.8 1.8 5.4 4.1 3.9
Total gross loan debt, mainland-Norway 4.1 4.9 4.2 4.1 5.6 5.5 5.0
Domestic gross debt (C2)1 6.5 6.7 6.9 7.0 7.0 6.7 6.7
Gross external loan debt 3.0 -4.6 -16.6 -16.8 -0.5 -5.7 -6.4
Gross external loan debt, offshore ind. 23.2 -1.3 -18.9 -18.5 4.4 -7.4 -5.3
Gross ext. loan debt, mainland-Norway -11.8 -7.2 -14.7 -15.4 -5.1 -4.2 -7.4
1  The growth rates for C2 are in the table presented as they were at the time of the C3 release.