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229969
Stronger total loan debt growth
statistikk
2015-12-07T10:00:00.000Z
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, September 2015

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Stronger total loan debt growth

The twelve-month growth in total gross debt (C3) was 6.0 per cent to end-September, up from 5.7 per cent the previous month. The debt growth for foreign debt sources increased, while debt growth for domestic sources decreased.

Total gross debt (C3). Twelve-month growth. Per centPublished 7 December 2015
September 2015August 2015July 2015June 2015May 2015April 2015
Total gross debt (C3)6.05.76.56.67.06.0
Total gross loan debt, offshore ind.7.33.95.78.910.85.9
Total gross loan debt, mainland-Norway5.86.06.66.36.46.0
Domestic gross debt (C2)5.65.85.75.85.95.7
Gross external loan debt7.55.29.39.410.86.8
Gross external loan debt, offshore ind.9.64.87.311.013.46.9
Gross external loan debt, mainland-Norway5.55.611.18.08.56.8

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 415 billion at end-September, up from NOK 6 329 billion at end-August.

Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-September. This amounted to NOK 5 438 billion.

Stronger foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 559 billion at end-September, up from NOK 1 499 billion the previous month. The twelve-month growth increased from 5.2 per cent to end-August to 7.5 per cent to end-September.

Mainland Norway accounted for 48 per cent of the public gross foreign debt, which amounted to NOK 751 billion at end-September. The twelve-month growth in mainland Norway’s foreign debt was 5.5 per cent to end-September, down from 5.6 per cent to end-August.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 808 billion at end-September. The twelve-month growth was 9.6 per cent to end-September, up from 4.8 per cent to end-August.

The increased foreign debt growth stemmed from short-term loan debt.

Weaker domestic debt growth in September

The general public gross domestic loan debt (C2) amounted to NOK 4 855 billion at end-September. The twelve-month growth was 5.6 per cent to end-September, down from 5.8 per cent the month before. The debt growth for non-financial corporations was 3.7 per cent from end-September 2014 to end-September 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 further to 5.5 per cent to end-October 2015.