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274832
Stronger growth in total loan debt
statistikk
2017-01-31T08:00:00.000Z
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, November 2016

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Stronger growth in total loan debt

The twelve-month growth in total gross debt (C3) was 6.8 per cent to end-November 2016, up from 5.9 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross debt (C3). Twelve-month growth. Per centPublished 31 January 2017
June 2016July 2016August 2016September 2016October 2016November 2016
Total gross debt (C3)4.13.64.53.65.96.8
Total gross loan debt, offshore ind.4.62.64.92.313.420.9
Total gross loan debt, mainland-Norway4.03.84.43.84.64.4
Domestic gross debt (C2)5.05.05.05.15.15.0
Gross external loan debt1.3-0.62.9-0.98.412.5
Gross external loan debt, offshore ind.6.14.17.03.617.026.6
Gross external loan debt, mainland-Norway-3.7-5.3-1.2-5.7-0.5-1.9

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 778 billion at end-November, up from NOK 6 697 billion at end-October. 

Mainland Norway’s gross debt accounted for 84 per cent of the total gross debt at end-November. This amounted to NOK 5 672 billion.

Increase in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 653 billion at end-November, up from NOK 1 586 billion the previous month. The twelve-month growth increased from 8.4 per cent to end-October to 12.5 per cent to end-November. 

Mainland Norway accounted for 43 per cent of the public gross foreign debt, which amounted to NOK 706 billion at end-November. The twelve-month growth in mainland Norway’s foreign debt was -1.9 per cent to end-November, down from -0.5 to end-October. 

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 947 billion at end-November. The twelve-month growth was 26.6 per cent to end-November, up from 17.0 per cent to end-October.