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245589
Weaker total loan debt growth
statistikk
2016-02-08T10:00:00.000Z
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 twelve-month growth in total gross debt (C3) was 2.7 per cent to end-November 2015, down from 5.4 per cent the previous month. The decrease stemmed from both domestic and foreign debt sources.

The credit indicator C3, November 2015

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Weaker total loan debt growth

The twelve-month growth in total gross debt (C3) was 2.7 per cent to end-November 2015, down from 5.4 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 February 2016
June 2015July 2015August 2015September 2015October 2015November 2015
Total gross debt (C3)6.66.55.76.05.42.7
Total gross loan debt, offshore ind.8.95.73.97.33.8-12.3
Total gross loan debt, mainland-Norway6.36.66.05.85.75.5
Domestic gross debt (C2)5.85.75.85.65.55.4
Gross external loan debt9.49.35.27.55.1-5.8
Gross external loan debt, offshore ind.11.07.34.89.65.2-14.8
Gross external loan debt, mainland-Norway8.011.15.65.55.04.7

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 377 billion at end-November, down from NOK 6 379 billion at end-October.

Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-November. 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 1 501 billion at end-November, down from NOK 1 503 billion the previous month. The twelve-month growth decreased from 5.1 per cent to end-October to -5.8 per cent to end-November. 

Mainland Norway accounted for 49 per cent of the public gross foreign debt, which amounted to NOK 735 billion at end-November. The twelve-month growth in mainland Norway’s foreign debt was 4.7 per cent to end-November, down from 5.0 per cent to end-October. 

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 766 billion at end-November. The twelve-month growth was -14.8 per cent to end-November, down from 5.2 per cent to end-October.

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

Weaker domestic debt growth in November

The general public gross domestic loan debt (C2) amounted to NOK 4 875 billion at end-November. The twelve-month growth was 5.4 per cent to end-November, down from 5.5 per cent the month before. The debt growth for non-financial corporations was 3.1 per cent from end-November 2014 to end-November 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 further to 5.3 per cent to end-December 2015.