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249806
Stronger total loan debt growth
statistikk
2016-05-31T10:00:00.000Z
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, March 2016

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Stronger total loan debt growth

The twelve-month growth in total gross debt (C3) was 3.8 per cent to end-March 2016, up from 2.8 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross debt (C3). Twelve-month growth. Per centPublished 31 May 2016
October 2015November 2015December 2015January 2016February 2016March 2016
Total gross debt (C3)5.62.84.53.22.83.8
Total gross loan debt, offshore ind.4.1-12.51.1-5.8-7.8-1.0
Total gross loan debt, mainland-Norway5.85.75.14.84.74.6
Domestic gross debt (C2)5.55.45.45.35.25.0
Gross external loan debt5.9-5.51.8-3.4-4.70.1
Gross external loan debt, offshore ind.5.6-15.01.6-6.7-8.8-0.1
Gross external loan debt, mainland-Norway6.15.62.00.0-0.50.2

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 486 billion at end-March, up from NOK 6 404 billion at end-February. 

Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-March. This amounted to NOK 5 541 billion.

Increase in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 529 billion at end-March, up from NOK 1 459 billion the previous month. The twelve-month growth increased from -4.7 per cent to end-February to 0.1 per cent to end-March. 

Mainland Norway accounted for 49 per cent of the public gross foreign debt, which amounted to NOK 743 billion at end-March. The twelve-month growth in mainland Norway’s foreign debt was 0.2 per cent to end-March, up from -0.5 per cent to end-February. 

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 786 billion at end-March. The twelve-month growth was -0-1 per cent to end-March, up from -8.8 per cent to end-February. 

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