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/en/bank-og-finansmarked/statistikker/k3/maaned
191984
Decrease in total debt growth
statistikk
2015-01-15T10:00:00.000Z
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, October 2014

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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-October 2014, down from 4.6 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 15 January 2015
October 2014September 2014August 2014July 2014June 2014May 2014
Total gross debt (C3)4.44.64.55.25.35.8
Total gross loan debt, offshore ind.-1.02.13.35.47.611.1
Total gross loan debt, mainland-Norway5.35.14.75.24.94.9
Domestic gross debt (C2)5.45.45.35.45.35.5
Gross external loan debt1.02.21.54.45.16.7
Gross external loan debt, offshore ind.-0.31.93.46.39.614.2
Gross external loan debt, mainland-Norway2.22.5-0.12.81.30.6

Source: Statistics Norway

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

Total gross debt amounted to NOK 5 878 billion at end-October last year, up from NOK 5 862 billion at end-September.

Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-October. This amounted to NOK 5 055 billion, up from NOK 5 037 billion at end-September.

Decreased foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 293 billion at end-October, down from NOK 1 308 billion the previous month. The twelve-month growth decreased from 2.2 per cent to end-September to 1.0 per cent to end-October.

Mainland Norway accounted for 50 per cent of the public gross foreign debt, which amounted to NOK 650 billion at end-October. The twelve-month growth in mainland Norway’s foreign debt was 2.2 per cent to end-October, down from 2.5 per cent to end-September. The decrease in mainland Norway’s foreign debt growth stemmed from short-term debt.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 643 billion at end-October. The twelve-month growth was -0.3 per cent to end-October, down from 1.9 per cent to end-September. The decrease in the twelve-month growth rate for the offshore industries stemmed from short-term debt.

Unchanged domestic debt growth in October

The credit indicator (C2) amounted to NOK 4 585 billion at end-October. The twelve-month growth was 5.4 per cent to end-October, unchanged from the month before. The debt growth in non-financial corporations was 2.7 per cent to end-October, 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 decreased to 5.2 per cent to end-November.