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229967
Weaker total loan debt growth
statistikk
2015-11-09T10:00:00.000Z
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, August 2015

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Weaker total loan debt growth

The twelve-month growth in total gross debt (C3) was 5.9 per cent to end-August, down from 6.7 the previous month. The debt growth for foreign debt sources decreased, while debt growth for domestic sources increased.

Total gross dept (C3). Twelve-month growth. Per centPublished 9 November 2015
August 2015July 2015June 2015May 2015April 2015March 2015
Total gross debt (C3)5.96.76.76.95.87.1
Total gross loan debt, offshore ind.5.77.910.911.26.315.2
Total gross loan debt, mainland-Norway6.06.56.16.25.85.8
Domestic gross debt (C2)5.85.75.85.95.75.8
Gross external loan debt6.410.49.910.26.211.6
Gross external loan debt, offshore ind.7.210.313.713.97.418.7
Gross external loan debt, mainland-Norway5.710.46.46.85.15.4

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 334 billion at end-August, down from NOK 6 358 billion at end-July.

Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-August. This amounted to NOK 5 402 billion.

Weaker foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 504 billion at end-August, down from NOK 1 552 billion the previous month. The twelve-month growth decreased from 10.4 per cent to end-July to 6.4 per cent to end-August.

Mainland Norway accounted for 49 per cent of the public gross foreign debt, which amounted to NOK 742 billion at end-August. The twelve-month growth in mainland Norway’s foreign debt was 5.7 per cent to end-August, down from 10.4 per cent to end-July.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 762 billion at end-August. The twelve-month growth was 7.2 per cent to end-August, down from 10.3 per cent to end-July.

The decreased foreign debt growth stemmed from both short and long-term loan debts.

Stronger domestic debt growth in August

The general public gross domestic loan debt (C2) amounted to NOK 4 830 billion at end-August. The twelve-month growth was 5.8 per cent to end-August, up from 5.7 per cent the month before. The debt growth for non-financial corporations was 4.2 per cent from end-August 2014 to end-August 2015, while the growth in household debt was 6.4 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt decreased to 5.6 per cent to end-September 2015.