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274834
Stronger growth in total loan debt
statistikk
2017-01-06T08:00:00.000Z
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, October 2016

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Stronger growth in total loan debt

The twelve-month growth in total gross debt (C3) was 5.9 per cent to end-October 2016, up from 3.6 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross debt (C3). Twelve-month growth. Per centPublished 6 January 2017
May 2016June 2016July 2016August 2016September 2016October 2016
Total gross debt (C3)3.44.13.64.53.65.9
Total gross loan debt, offshore ind.-2.54.62.64.92.313.4
Total gross loan debt, mainland-Norway4.44.03.84.43.84.5
Domestic gross debt (C2)4.85.05.05.05.15.0
Gross external loan debt-1.01.3-0.62.9-0.98.4
Gross external loan debt, offshore ind.-2.16.14.17.03.617.0
Gross external loan debt, mainland-Norway0.1-3.7-5.3-1.2-5.7-0.5

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 699 billion at end-October, up from NOK 6 592 billion at end-September.

Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-October. This amounted to NOK 5 667 billion.

Increase in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 586 billion at end-October, up from NOK 1 505 billion the previous month. The twelve-month growth increased from -0.9 per cent to end-September to 8.4 per cent to end-October. 

Mainland Norway accounted for 45 per cent of the public gross foreign debt, which amounted to NOK 713 billion at end-October. The twelve-month growth in mainland Norway’s foreign debt was -0.5 per cent to end-October, up from -5.7 to end-September. 

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 874 billion at end-October. The twelve-month growth was 17.0 per cent to end-October, up from 3.6 per cent to end-September.