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/en/bank-og-finansmarked/statistikker/k3/maaned
92455
Continued increase in total debt growth
statistikk
2013-05-07T10:00:00.000Z
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, February 2013

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Continued increase in total debt growth

The twelve-month growth in total gross debt (C3) was 9.0 per cent to end-February 2013, up from 8.9 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 7 May 2013
February 2013January 2013December 2012November 2012October 2012September 2012
Total gross debt (C3)9.08.96.86.45.55.2
Total gross loan debt, offshore ind.30.129.413.60.4-3.8-0.2
Total gross loan debt, mainland-Norway6.26.25.97.47.06.0
Domestic gross debt (C2)6.36.36.57.16.96.9
Gross external loan debt20.219.88.03.90.5-1.2
Gross external loan debt, offshore ind.42.041.117.4-2.7-8.7-4.1
Gross external loan debt, mainland-Norway4.64.80.810.28.71.4

Source: Statistics Norway

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

Total gross debt amounted to NOK 5 239 billion at end-February, up from NOK 5 202 billion at end-January.

Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-February. This amounted to NOK 4 518 billion, up from NOK 4 495 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 1 104 billion at end-February, up from NOK 1 090 billion the previous month. The twelve-month growth increased from 19.8 per cent to end-January to 20.2 per cent to end-February.

Mainland Norway accounted for 51 per cent of the public gross foreign debt, which amounted to NOK 558 billion at end-February. The twelve-month growth in mainland Norway’s foreign debt was 4.6 per cent to end-February, down from 4.8 per cent to end-January. The decrease in mainland Norway’s foreign debt stemmed from short-term debt.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 546 billion at end-February. The twelve-month growth was 42.0 per cent to end-February, up from 41.1 per cent to end-January. The increase in the twelve-month growth rate for the offshore industries stemmed from long-term debt.

Decrease in domestic debt growth

The credit indicator (C2) amounted to NOK 4 135 billion at end-February. The twelve-month growth was 6.3 per cent to end-February, unchanged from the month before. The debt growth in non-financial corporations was 4.2 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 debt went down to 6.1 per cent to end-March.