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250205
Weaker growth in total loan debt
statistikk
2016-11-30T08:00:00.000Z
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, September 2016

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Weaker growth in total loan debt

The twelve-month growth in total gross debt (C3) was 3.6 per cent to end-September 2016, down from 4.5 per cent the previous month. The decrease stemmed from foreign debt sources.

Total gross debt (C3). Twelve-month growth. Per centPublished 30 November 2016
April 2016May 2016June 2016July 2016August 2016September 2016
Total gross debt (C3)4.23.44.13.64.53.6
Total gross loan debt, offshore ind.1.6-2.54.62.64.92.3
Total gross loan debt, mainland-Norway4.74.44.03.84.43.8
Domestic gross debt (C2)5.14.85.05.05.05.1
Gross external loan debt1.5-1.01.3-0.62.9-0.9
Gross external loan debt, offshore ind.2.8-2.16.14.17.03.6
Gross external loan debt, mainland-Norway0.30.1-3.7-5.3-1.2-5.7

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 592 billion at end-September, down from NOK 6 603 billion at end-August. 

Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-September. This amounted to NOK 5 630 billion.

Decrease in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 505 billion at end-September, down from NOK 1 536 billion the previous month. The twelve-month growth decreased from 2.9 per cent to end-August to -0.9 per cent to end-September. 

Mainland Norway accounted for 46 per cent of the public gross foreign debt, which amounted to NOK 699 billion at end-September. The twelve-month growth in mainland Norway’s foreign debt was -5.7 per cent to end-September, down from -1.2 to end-August. 

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 806 billion at end-September. The twelve-month growth was 3.6 per cent to end-September, down from 7.0 per cent to end-August.