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274812
Stronger growth in total loan debt
statistikk
2017-02-28T08:00:00.000Z
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 twelve-month growth in total gross debt (C3) was 4.6 per cent to end-December 2016, up from 4.3 per cent the previous month. The increase stemmed from foreign debt sources.

The credit indicator C3, December 2016

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Stronger growth in total loan debt

The twelve-month growth in total gross debt (C3) was 2.6 per cent to end-December 2016, up from 2.3 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross debt (C3). Twelve-month growth. Per centPublished 28 February 2017
July 2016August 2016September 2016October 2016November 2016December 2016
Total gross debt (C3)4.04.94.32.82.32.6
Total gross loan debt, offshore ind.2.54.92.4-11.1-10.3-5.9
Total gross loan debt, mainland-Norway4.34.94.75.24.44.0
Domestic gross debt (C2)5.05.05.15.25.04.9
Gross external loan debt1.14.72.0-4.9-6.4-4.8
Gross external loan debt, offshore ind.4.06.93.8-12.8-11.5-6.8
Gross external loan debt, mainland-Norway-1.72.50.13.3-1.4-2.8

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 567 billion at end-December, up from NOK 6 538 billion at end-November.

Mainland Norway’s gross debt accounted for 88 per cent of the total gross debt at end-December. This amounted to NOK 5 752 billion.

Increase in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 426 billion at end-December, up from NOK 1 400 billion the previous month. The twelve-month growth increased from -6.4 per cent to end-November to -4.8 per cent to end-December. 

Mainland Norway accounted for 51 per cent of the public gross foreign debt, which amounted to NOK 734 billion at end-December. The twelve-month growth in mainland Norway’s foreign debt was -2.8 per cent to end-December, down from -1.4 to end-November. 

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 692 billion at end-December. The twelve-month growth was -6.8 per cent to end-December, up from -11.5 per cent to end-November.