148170_not-searchable
/en/bank-og-finansmarked/statistikker/k3/maaned
148170
Decrease in total debt growth
statistikk
2014-04-07T10:00:00.000Z
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, January 2014

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Decrease in total debt growth

The twelve-month growth in total gross debt (C3) was 5.8 per cent to end-January, down from 6.6 per cent the previous month. The decrease stemmed from both domestic and foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 7 April 2014
January 2014December 2013November 2013October 2013September 2013August 2013
Total gross debt (C3)5.86.67.37.87.48.2
Total gross loan debt, offshore ind.5.710.313.116.99.69.5
Total gross loan debt, mainland-Norway5.86.16.56.57.08.0
Domestic gross debt (C2)5.76.06.06.26.36.2
Gross external loan debt6.08.712.514.011.416.3
Gross external loan debt, offshore ind.8.815.120.025.215.015.1
Gross external loan debt, mainland-Norway3.73.36.25.48.417.3

Source: Statistics Norway

Figure 1. The credit indicator C3. 12-month growth

Total gross debt amounted to NOK 5 598 billion at end-January, unchanged from the previous month.

Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-January. This amounted to NOK 4 842 billion, up from NOK 4 820 billion at end-December.

Decrease in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 225 billion at end-January, down from NOK 1 229 billion the previous month. The twelve-month growth decreased from 8.7 per cent to end-December to 6.0 per cent to end-January.

Mainland Norway accounted for 52 per cent of the public gross foreign debt, which amounted to NOK 634 billion at end-January. The twelve-month growth in mainland Norway’s foreign debt was 3.7 per cent to end-January, up from 3.3 per cent to end-December. 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 578 billion at end-January. The twelve-month growth was 8.8 per cent to end-January, down from 15.1 per cent to end-December. The decrease in the twelve-month growth rate for the offshore industries stemmed from short-term debt.

Decreased domestic debt growth in January

The credit indicator (C2) amounted to NOK 4 386 billion at end-January. The twelve-month growth was 5.7 per cent to end-January, down from 6.0 per cent the month before. The debt growth in non-financial corporations was 3.2 per cent to end-January, while the growth in household debt was 6.8 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt increased to 5.8 per cent to end-February.