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108322
Increase in total debt growth
statistikk
2013-09-09T10:00:00.000Z
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, June 2013

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Increase in total debt growth

The twelve-month growth in total gross debt (C3) was 7.3 per cent to end-June, up from 7.0 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 9 September 2013
June 2013May 2013April 2013March 2013February 2013January 2013
Total gross debt (C3)7.37.07.15.09.59.0
Total gross loan debt, offshore ind.6.84.88.4-1.930.029.3
Total gross loan debt, mainland-Norway7.47.37.06.06.86.4
Domestic gross debt (C2)6.36.46.56.26.36.3
Gross external loan debt11.19.49.80.322.920.3
Gross external loan debt, offshore ind.10.57.112.0-3.441.941.0
Gross external loan debt, mainland-Norway11.611.48.03.89.25.8

Source: Statistics Norway

Figure 1. The credit indicator C3 by credit sources. Twelve-month growth. Per cent

Total gross debt amounted to NOK 5 404 billion at end-June, up from NOK 5 323 billion at end-May.

Mainland Norway’s gross debt accounted for 87 per cent of the total gross debt at end-June. This amounted to NOK 4 685 billion, up from NOK 4 656 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 1 154 billion at end-June, up from NOK 1 107 billion the previous month. The twelve-month growth increased from 9.4 per cent to end-May to 11.1 per cent to end- June.

Mainland Norway accounted for 53 per cent of the public gross foreign debt, which amounted to NOK 611 billion at end-June. The twelve-month growth in mainland Norway’s foreign debt was 11.6 per cent to end-June, up from 11.4 per cent to end-May. The increase 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 543 billion at end-June. The twelve-month growth was 10.5 per cent to end-June, up from 7.1 per cent to end-May. The increase in twelve-month growth rate for the offshore industries stemmed from both short-term and long-term debt.

Decrease in domestic debt growth in June

The credit indicator (C2) amounted to NOK 4 250 billion at end-June. The twelve-month growth was 6.3 per cent to end-June, down from 6.4 per cent the month before. The debt growth in non-financial corporations was 4.2 per cent to end-June, while the growth in household debt was 7.3 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt decreased further to 6.2 per cent to end-July.