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/en/bank-og-finansmarked/statistikker/k3/maaned
229971
Unchanged total debt growth
statistikk
2015-10-07T10:00:00.000Z
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, July 2015

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Unchanged total debt growth

The twelve-month growth in total gross debt (C3) was 6.7 per cent to end-July, unchanged from the previous month. The debt growth for foreign debt sources increased, while debt growth for domestic sources decreased.

Total gross dept (C3). Twelve-month growth. Per centPublished 7 October 2015
July 2015June 2015May 2015April 2015March 2015February 2015
Total gross debt (C3)6.76.76.95.87.16.7
Total gross loan debt, offshore ind.7.910.911.26.315.211.1
Total gross loan debt, mainland-Norway6.56.16.25.85.86.1
Domestic gross debt (C2)5.75.85.95.75.85.5
Gross external loan debt10.49.910.26.211.611.1
Gross external loan debt, offshore ind.10.313.713.97.418.713.7
Gross external loan debt, mainland-Norway10.46.46.85.15.48.8

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 357 billion at end-July, up from NOK 6 323 billion at end-June.

Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-July. This amounted to NOK 5 411 billion.

Increased foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 552 billion at end-July, up from NOK 1 530 billion the previous month. The twelve-month growth increased from 9.9 per cent to end-June to 10.4 per cent to end-July.

Mainland Norway accounted for 50 per cent of the public gross foreign debt, which amounted to NOK 771 billion at end-July. The twelve-month growth in mainland Norway’s foreign debt was 10.4 per cent to end-July, up from 6.4 per cent to end-June.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 781 billion at end-July. The twelve-month growth was 10.3 per cent to end-July, down from 13.7 per cent to end-June.

The increased foreign debt growth stemmed from long-term debt.

Decreased domestic debt growth in July

The credit indicator (C2) amounted to NOK 4 805 billion at end-July. The twelve-month growth was 5.7 per cent to end-July, down from 5.8 per cent the month before. The debt growth for non-financial corporations was 3.4 per cent from end-July 2014 to end-July 2015, 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 increased to 5.8 per cent to end-August 2015.