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92451
Increase in total debt growth
statistikk
2013-03-14T10:00:00.000Z
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, December 2012

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Increase in total debt growth

The twelve-month growth in total gross debt (C3) was 6.8 per cent to end-December 2012, up from 6.3 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 14 March 2013
December 2012November 2012October 2012September 2012August 2012July 2012
Total gross debt (C3)6.86.35.55.15.25.5
Total gross loan debt, offshore ind.13.20.3-3.9-0.4-1.01.6
Total gross loan debt, mainland-Norway5.97.36.96.06.16.1
Domestic gross debt (C2)6.57.16.96.97.27.3
Gross external loan debt7.73.50.0-1.4-2.1-1.1
Gross external loan debt, offshore ind.16.8-2.9-8.9-4.3-5.6-2.5
Gross external loan debt, mainland-Norway0.79.68.11.10.90.2

Source: Statistics Norway

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

Total gross debt amounted to NOK 5 139 billion at end-December, marginally up from NOK 5 138 billion at end-November.

Mainland Norway’s gross debt accounted for 87 per cent of the total gross debt at end-December. This amounted to NOK 4 462 billion, down from NOK 4 476 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 1 049 billion at end-December, up from NOK 1 043 billion the previous month. The twelve-month growth increased from 3.5 per cent to end-November to 7.7 per cent to end-December.

Mainland Norway accounted for 52.3 per cent of the public gross foreign debt, which amounted to NOK 549 billion at end-December. The twelve-month growth in mainland Norway’s foreign debt was 0.7 per cent to end-December, down from 9.6 per cent to end-November. The decrease in mainland Norway’s foreign debt stemmed from long-term debt.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 501 billion at end-December. The twelve-month growth was 16.8 per cent to end-December, up from -2.9 per cent to end-November. The increase in the twelve-month growth rate for the offshore industries stemmed from short-term debt.

Decrease in domestic debt growth

The credit indicator (C2) amounted to NOK 4 090 billion at end-December. The twelve-month growth was 6.5 per cent to end-December, down from 7.1 per cent the previous month. The debt growth in non-financial corporations was 5.0 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 fell to 6.3 per cent to end-January.