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Published:
This is an archived release.
Weaker total loan debt growth
The twelve-month growth in total gross debt (C3) was 3.4 per cent to end-July 2016, down from 3.9 per cent the previous month. The decrease stemmed from foreign debt sources.
| February 2016 | March 2016 | April 2016 | May 2016 | June 2016 | July 2016 | |
|---|---|---|---|---|---|---|
| Total gross debt (C3) | 2.9 | 4.0 | 4.0 | 3.2 | 3.9 | 3.4 |
| Total gross loan debt, offshore ind. | -6.9 | 0.3 | 0.0 | -3.9 | 3.6 | 1.7 |
| Total gross loan debt, mainland-Norway | 4.6 | 4.6 | 4.7 | 4.4 | 4.0 | 3.7 |
| Domestic gross debt (C2) | 5.2 | 4.9 | 5.1 | 4.8 | 5.0 | 5.0 |
| Gross external loan debt | -4.3 | 1.0 | 0.6 | -1.9 | 0.7 | -1.5 |
| Gross external loan debt, offshore ind. | -7.9 | 1.3 | 0.9 | -3.9 | 4.9 | 2.8 |
| Gross external loan debt, mainland-Norway | -0.6 | 0.7 | 0.3 | 0.1 | -3.6 | -5.7 |
Total gross debt amounted to NOK 6 604 billion at end-July, down from NOK 6 622 billion at end-June.
Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-July. This amounted to NOK 5 631 billion.
Decrease in foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 549 billion at end-July, down from NOK 1 580 billion the previous month. The twelve-month growth decreased from 0.7 per cent to end-June to -1.5 per cent to end-July.
Mainland Norway accounted for 48 per cent of the public gross foreign debt, which amounted to NOK 741 billion at end-July. The twelve-month growth in mainland Norway’s foreign debt was -5.7 per cent to end-July, down from -3.6 to end-June.
Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 809 billion at end-July. The twelve-month growth was 2.8 per cent to end-July, down from 4.9 per cent to end-June.
The statistics is now published as Credit indicator.
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