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Published:
This is an archived release.
As from 23 September, all of Statistics Norway’s statistics will be released at 8 am.
Weaker total loan debt growth
The twelve-month growth in total gross debt (C3) was 3.0 per cent to end-May 2016, down from 3.8 per cent the previous month.
| December 2015 | January 2016 | February 2016 | March 2016 | April 2016 | May 2016 | |
|---|---|---|---|---|---|---|
| Total gross debt (C3) | 4.5 | 3.2 | 2.8 | 3.8 | 3.8 | 3.0 |
| Total gross loan debt, offshore ind. | 1.1 | -5.8 | -7.8 | -1.0 | -1.2 | -4.9 |
| Total gross loan debt, mainland-Norway | 5.1 | 4.8 | 4.7 | 4.6 | 4.6 | 4.4 |
| Domestic gross debt (C2) | 5.4 | 5.3 | 5.2 | 5.0 | 5.1 | 4.8 |
| Gross external loan debt | 1.8 | -3.4 | -4.7 | 0.1 | -0.3 | -2.6 |
| Gross external loan debt, offshore ind. | 1.6 | -6.7 | -8.8 | -0.1 | -0.5 | -5.1 |
| Gross external loan debt, mainland-Norway | 2.0 | 0.0 | -0.5 | 0.2 | 0.0 | 0.0 |
Total gross debt amounted to NOK 6 510 billion at end-May, up from NOK 6 451 billion at end-April.
Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-May. This amounted to NOK 5 591 billion.
Decrease in foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 498 billion at end-May, up from NOK 1 472 billion the previous month. The twelve-month growth decreased from -0.3 per cent to end-April to -2.6 per cent to end-May.
Mainland Norway accounted for 50 per cent of the public gross foreign debt, which amounted to NOK 742 billion at end-May. The twelve-month growth in mainland Norway’s foreign debt was 0.0 per cent to end-May, unchanged from end-April.
Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 756 billion at end-May. The twelve-month growth was -5.1 per cent to end-May, down from –0.5 per cent to end-April.
The decreased foreign debt growth stemmed from short-term loan debt.
Reduced domestic debt growth
The credit indicator (C2) amounted to NOK 5 012 billion at end-May. The twelve-month growth was 4.8 per cent to end-May, down from 5.1 per cent the month before. The debt growth in non-financial corporations was 2.6 per cent to end-May, while the growth in household debt was 5.8 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt rose to 4.9 per cent to end-June.
The statistics is now published as Credit indicator.
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