103154_not-searchable
/en/bank-og-finansmarked/statistikker/k3/maaned
103154
Decrease in total debt growth
statistikk
2013-06-13T10:00:00.000Z
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, March 2013

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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.

Total gross dept (C3). Twelve-month growth. Per centPublished 13 June 2013
March 2013February 2013January 2013December 2012November 2012October 2012
Total gross debt (C3)4.49.19.07.06.45.5
Total gross loan debt, offshore ind.-1.730.229.613.70.4-3.8
Total gross loan debt, mainland-Norway5.46.36.46.07.47.0
Domestic gross debt (C2)6.26.36.36.57.16.9
Gross external loan debt-2.320.920.48.63.90.5
Gross external loan debt, offshore ind.-3.242.241.317.6-2.7-8.7
Gross external loan debt, mainland-Norway-1.45.55.81.710.28.7

Source: Statistics Norway

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

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.