206436_not-searchable
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206436
Increase in total debt growth
statistikk
2015-04-13T10:00:00.000Z
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 2015

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Increase in total debt growth

The twelve-month growth in total gross debt (C3) was 5.4 per cent to end-January 2015, up from 5.1 per cent the previous month. The increase stemmed both from foreign and domestic debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 13 April 2015
January 2015December 2014November 2014October 2014September 2014August 2014
Total gross debt (C3)5.45.16.34.54.74.6
Total gross loan debt, offshore ind.0.8-1.112.9-0.91.63.2
Total gross loan debt, mainland-Norway6.16.05.15.45.24.8
Domestic gross debt (C2)5.65.45.25.45.45.3
Gross external loan debt4.73.99.61.62.41.9
Gross external loan debt, offshore ind.5.23.217.0-0.21.33.3
Gross external loan debt, mainland-Norway4.34.52.33.33.40.7

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 070 billion at end-January, up from NOK 6 008 billion at end-December.

Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-January. This amounted to NOK 5 188 billion, up from NOK 5 167 billion at end-December.

Increased foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 411 billion at end-January, up from NOK 1 376 billion the previous month. The twelve-month growth increased from 3.9 per cent to end-December to 4.7 per cent to end-January.

Mainland Norway accounted for 49 per cent of the public gross foreign debt, which amounted to NOK 687 billion at end-January. The twelve-month growth in mainland Norway’s foreign debt was 4.3 per cent to end-January, down from 4.5 per cent to end-December. 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 724 billion at end-January. The twelve-month growth was 5.2 per cent to end-January, up from 3.2 per cent to end-December. The increase in the twelve-month growth rate for the offshore industries stemmed from short-term debt.

Increased domestic debt growth in January

The credit indicator (C2) amounted to NOK 4 659 billion at end-January. The twelve-month growth was 5.6 per cent to end-January, up from 5.4 per cent the month before. The debt growth in non-financial corporations was 3.8 per cent from end-January 2014 to end-January 2015, while the growth in household debt was 6.2 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt decreased to 5.4 per cent to end-February 2015.