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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 5.1 per cent to end-December 2014, down from 6.3 per cent the previous month. The decrease stemmed from foreign debt sources.
| December 2014 | November 2014 | October 2014 | September 2014 | August 2014 | July 2014 | |
|---|---|---|---|---|---|---|
| Total gross debt (C3) | 5.1 | 6.3 | 4.5 | 4.7 | 4.6 | 5.3 |
| Total gross loan debt, offshore ind. | -0.4 | 12.9 | -0.9 | 1.6 | 3.2 | 5.3 |
| Total gross loan debt, mainland-Norway | 5.9 | 5.1 | 5.4 | 5.2 | 4.8 | 5.3 |
| Domestic gross debt (C2) | 5.4 | 5.2 | 5.4 | 5.4 | 5.3 | 5.4 |
| Gross external loan debt | 3.9 | 9.6 | 1.6 | 2.4 | 1.9 | 4.9 |
| Gross external loan debt, offshore ind. | 3.2 | 17.0 | -0.2 | 1.3 | 3.3 | 6.2 |
| Gross external loan debt, mainland-Norway | 4.5 | 2.3 | 3.3 | 3.4 | 0.7 | 3.7 |
Total gross debt amounted to NOK 6 008 billion at end-December last year, down from NOK 6 071 billion at end-November.
Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-December. This amounted to NOK 5 161 billion, up from NOK 5 092 billion at end-November.
Decreased foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 376 billion at end-December, down from NOK 1 456 billion the previous month. The twelve-month growth decreased from 9.6 per cent to end-November to 3.9 per cent to end-December.
Mainland Norway accounted for 50 per cent of the public gross foreign debt, which amounted to NOK 690 billion at end-December. The twelve-month growth in mainland Norway’s foreign debt was 4.5 per cent to end-December, up from 2.3 per cent to end-November. The increase in mainland Norway’s foreign debt growth stemmed from both short-term and long-term debt.
Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 686 billion at end-December. The twelve-month growth was 3.2 per cent to end-December, down from 17 per cent to end-November. The decrease in the twelve-month growth rate for the offshore industries stemmed from short-term and long-term debt.
Increased domestic debt growth in December
The credit indicator (C2) amounted to NOK 4 632 billion at end-December. The twelve-month growth was 5.4 per cent to end-December, up from 5.2 per cent the month before. The debt growth in non-financial corporations was 3.4 per cent to end-December, while the growth in household debt was 6.1 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt increased to 5.6 per cent to end-January 2015.
The statistics is now published as Credit indicator.
Contact
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Statistics Norway's Information Centre
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