245587_not-searchable
/en/bank-og-finansmarked/statistikker/k3/maaned
245587
Weaker total loan debt growth
statistikk
2016-01-08T10:00:00.000Z
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, October 2015

Content

Published:

This is an archived release.

Go to latest release

Weaker total loan debt growth

The twelve-month growth in total gross debt (C3) was 5.4 per cent to end-October 2015, down from 6.0 per cent the previous month. The decrease stemmed from both domestic and foreign debt sources.

Total gross debt (C3). Twelve-month growth. Per centPublished 8 January 2016
May 2015June 2015July 2015August 2015September 2015October 2015
Total gross debt (C3)7.06.66.55.76.05.4
Total gross loan debt, offshore ind.10.88.95.73.97.33.8
Total gross loan debt, mainland-Norway6.46.36.66.05.85.7
Domestic gross debt (C2)5.95.85.75.85.65.5
Gross external loan debt10.89.49.35.27.55.1
Gross external loan debt, offshore ind.13.411.07.34.89.65.2
Gross external loan debt, mainland-Norway8.58.011.15.65.55.0

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 379 billion at end-October, down from NOK 6 415 billion at end-September.

Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-October. This amounted to NOK 5 441 billion.

Weaker foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 503 billion at end-October, down from NOK 1 559 billion the previous month. The twelve-month growth decreased from 7.5 per cent to end-September to 5.1 per cent to end-October.

Mainland Norway accounted for 49 per cent of the public gross foreign debt, which amounted to NOK 733 billion at end-October. The twelve-month growth in mainland Norway’s foreign debt was 5.0 per cent to end-October, down from 5.5 per cent to end-September.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 770 billion at end-October. The twelve-month growth was 5.2 per cent to end-October, down from 9.6 per cent to end-September.

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