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/en/bank-og-finansmarked/statistikker/k3/maaned
152443
Decrease in total debt growth
statistikk
2014-05-12T10:00:00.000Z
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 2014

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Decrease in total debt growth

The twelve-month growth in total gross debt (C3) was 4.9 per cent to end-February, down from 5.9 per cent the previous month. The decrease stemmed from foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 12 May 2014
February 2014January 2014December 2013November 2013October 2013September 2013
Total gross debt (C3)4.95.96.57.37.87.4
Total gross loan debt, offshore ind.1.26.510.413.116.99.6
Total gross loan debt, mainland-Norway5.45.95.96.56.57.0
Domestic gross debt (C2)5.85.76.06.06.26.3
Gross external loan debt1.36.78.112.514.011.4
Gross external loan debt, offshore ind.2.39.915.320.025.215.0
Gross external loan debt, mainland-Norway0.54.02.26.25.48.4

Source: Statistics Norway

Figure 1. Kredittindikatoren K3. Tolvmånedersvekst

Total gross debt amounted to NOK 5 609 billion at end-February, marginally up from NOK 5 606 billion at end-January.

Mainland Norway’s gross debt accounted for 87 per cent of the total gross debt at end-February. This amounted to NOK 4 867 billion, up from NOK 4 844 billion at end-January.

Decrease in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 206 billion at end-February, down from NOK 1 220 billion the previous month. The twelve-month growth decreased from 6.7 per cent to end-January to 1.3 per cent to end-February.

Mainland Norway accounted for 53 per cent of the public gross foreign debt, which amounted to NOK 641 billion at end-February. The twelve-month growth in mainland Norway’s foreign debt was 0.5 per cent to end-February, down from 4.0 per cent to end-January. 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 564 billion at end-February. The twelve-month growth was 2.3 per cent to end-February, down from 9.9 per cent to end-January. The decrease in the twelve-month growth rate for the offshore industries stemmed from both short-term and long-term debt.

Increased domestic debt growth in February

The credit indicator (C2) amounted to NOK 4 403 billion at end-February. The twelve-month growth was 5.8 per cent to end-February, marginally up from 5.7 per cent the month before. The debt growth in non-financial corporations was 3.8 per cent to end-February, while the growth in household debt was 6.7 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt was unchanged at 5.8 per cent to end-March.