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Published:
This is an archived release.
Decrease in total debt growth
The twelve-month growth in total gross debt (C3) was 4.4 per cent to end-March, down from 9.1 per cent the previous month. The increase stemmed from both domestic and foreign debt sources.
March 2013 | February 2013 | January 2013 | December 2012 | November 2012 | October 2012 | |
---|---|---|---|---|---|---|
Total gross debt (C3) | 4.4 | 9.1 | 9.0 | 7.0 | 6.4 | 5.5 |
Total gross loan debt, offshore ind. | -1.7 | 30.2 | 29.6 | 13.7 | 0.4 | -3.8 |
Total gross loan debt, mainland-Norway | 5.4 | 6.3 | 6.4 | 6.0 | 7.4 | 7.0 |
Domestic gross debt (C2) | 6.2 | 6.3 | 6.3 | 6.5 | 7.1 | 6.9 |
Gross external loan debt | -2.3 | 20.9 | 20.4 | 8.6 | 3.9 | 0.5 |
Gross external loan debt, offshore ind. | -3.2 | 42.2 | 41.3 | 17.6 | -2.7 | -8.7 |
Gross external loan debt, mainland-Norway | -1.4 | 5.5 | 5.8 | 1.7 | 10.2 | 8.7 |
Total gross debt amounted to NOK 5 209 billion at end-March, down from NOK 5 245 billion at end-February.
Mainland Norway’s gross debt accounted for 87 per cent of the total gross debt at end-March. This amounted to NOK 4 537 billion, up from NOK 4 523 billion the previous month.
Decrease in foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 053 billion at end-March, down from NOK 1 110 billion the previous month. The twelve-month growth decreased from 20.9 per cent to end-February to -2.3 per cent to end-March.
Mainland Norway accounted for 53 per cent of the public gross foreign debt, which amounted to NOK 557 billion at end-March. The twelve-month growth in mainland Norway’s foreign debt was -1.4 per cent to end-March, down from 5.5 per cent to end-February. 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 495 billion at end-March. The twelve-month growth was -3.2 per cent to end-March, down from 42.2 per cent to end-February. The decrease in the twelve-month growth rate for the offshore industries mainly stemmed from short-term debt.
Decrease in domestic debt growth in March
The credit indicator (C2) amounted to NOK 4 157 billion at end-March. The twelve-month growth was 6.2 per cent to end-March, down from 6.3 per cent the month before. The debt growth in non-financial corporations was 3.9 per cent to end-March, while the growth in household debt was 7.4 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt went up to 6.5 per cent to end-April.
The statistics is now published as Credit indicator.
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