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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 4.8 per cent to end-August, down from 5.1 per cent the previous month. The decrease stemmed from both domestic and foreign debt sources.
| August 2014 | July 2014 | June 2014 | May 2014 | April 2014 | March 2014 | |
|---|---|---|---|---|---|---|
| Total gross debt (C3) | 4.8 | 5.1 | 5.4 | 5.9 | 6.3 | 6.1 |
| Total gross loan debt, offshore ind. | 5.5 | 6.4 | 7.5 | 11.7 | 10.8 | 8.1 |
| Total gross loan debt, mainland-Norway | 4.7 | 5.0 | 5.1 | 5.0 | 5.6 | 5.8 |
| Domestic gross debt (C2) | 5.3 | 5.4 | 5.3 | 5.5 | 5.6 | 5.7 |
| Gross external loan debt | 2.9 | 4.3 | 5.5 | 7.4 | 8.7 | 7.6 |
| Gross external loan debt, offshore ind. | 6.3 | 7.6 | 9.5 | 15.2 | 14.0 | 12.1 |
| Gross external loan debt, mainland-Norway | 0.0 | 1.5 | 2.2 | 1.2 | 4.4 | 4.0 |
Total gross debt amounted to NOK 5 754 billion at end-August, down from NOK 5 764 billion at end-July.
Mainland Norway’s gross debt accounted for 87 per cent of the total gross debt at end-August. This amounted to NOK 4 983 billion, up from NOK 4 980 billion at end-July.
Decreased foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 237 billion at end-August, down from NOK 1 253 billion the previous month. The twelve-month growth decreased from 4.3 per cent to end-July to 2.9 per cent to end-August.
Mainland Norway accounted for 52 per cent of the public gross foreign debt, which amounted to NOK 649 billion at end-August. The twelve-month growth in mainland Norway’s foreign debt was 0.0 per cent to end-August, down from 1.5 per cent to end-July. The decrease in mainland Norway’s foreign debt growth stemmed from both short and long-term debt.
Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 588 billion at end-August. The twelve-month growth was 6.3 per cent to end-August, down from 7.6 per cent to end-July. The decrease in the twelve-month growth rate for the offshore industries stemmed from long-term debt.
Weaker domestic debt growth in August
The credit indicator (C2) amounted to NOK 4 517 billion at end-August. The twelve-month growth was 5.3 per cent to end-August, moderately down from 5.4 per cent the month before. The debt growth in non-financial corporations was 2.4 per cent to end-August, while the growth in household debt was 6.5 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt remained unchanged at 5.3 per cent to end-September.
The statistics is now published as Credit indicator.
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