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92449
Increase in total debt growth
statistikk
2013-02-07T10:00:00.000Z
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, November 2012

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Increase in total debt growth

The twelve-month growth in total gross debt (C3) was 6.1 per cent to end-November 2012, up from 5.2 per cent the previous month. The increase stemmed from both domestic and foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 7 February 2013
November 2012October 2012September 2012August 2012July 2012June 2012
Total gross debt (C3)6.15.24.85.25.55.4
Total gross loan debt, offshore ind.0.0-4.3-0.6-1.21.41.2
Total gross loan debt, mainland-Norway7.16.75.76.26.16.0
Domestic gross debt (C2)7.16.96.97.17.27.3
Gross external loan debt2.6-1.1-2.6-1.9-0.9-1.5
Gross external loan debt, offshore ind.-3.3-9.3-4.3-5.6-2.6-2.6
Gross external loan debt, mainland-Norway8.26.3-1.01.40.6-0.5

Source: Statistics Norway

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

Total gross debt amounted to NOK 5 124 billion at end-November, up from NOK 5 042 billion at end-October.

Mainland Norway’s gross debt accounted for 87 per cent of the total gross debt at end-November. This amounted to NOK 4 465 billion at end-November, up from NOK 4 431 billion the previous month.

Increase in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 031 billion at end-November, up from NOK 982 billion the previous month. The twelve-month growth increased from -1.1 per cent to end-October to 2.6 per cent to end-November.

Mainland Norway accounted for nearly 54 per cent of the public gross foreign debt, which amounted to NOK 553 billion at end-November. The twelve-month growth in mainland Norway’s foreign debt was 8.2 per cent to end-November, up from 6.3 per cent to end-October. The increase in mainland Norway’s foreign debt stemmed from both short-term and long-term debt.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 478 billion at end-November. The twelve-month growth was -3.3 per cent to end-November, up from -9.3 per cent to end-October. The increase in the twelve-month growth rate for the offshore industries stemmed from both short-term and long-term debt.

Unchanged domestic gross debt growth in November

The credit indicator (C2) amounted to NOK 4 093 billion at end-November. The twelve-month growth was 7.1 per cent to end-November, up from 6.9 the previous month. The debt growth in non-financial corporations was 6.4 per cent, while the growth in household debt was 7.2 per cent. The C2 statistics show that the twelve-month growth in the general public domestic gross debt went down to 6.5 per cent to end-December.