Tax for personal tax payers, 1993-2001

Despite the increased in debt, there has also been an increase in net property. While persons with debt had negative net property in 1993, this had turned positive in 2001. Figures from 2001 show that the gross property among those with debt consisted of NOK 86 000 in bank deposits, 90 000 in shares and securities and 165 000 in real properties. Compared with 1993, the value of shares and securities has tripled, the bank deposits have increased by 20 per cent. Real properties have increased by seven per cent, all measured in fixed prices. Some of the increase in the value of shares and securities originate from alterations in the valuation of shares came in 1998, but there has nonetheless been a large increase in share savings in the period.

More debts

It's the age group 35-44 that had most debts. Close to 80 per cent of the people in this age group had debts with an average of NOK 555 000 in 2001. Corresponding numbers for 1993 was NOK 486 000. People under 25 and the pensioners were not surprisingly those with least debts.

Fewer without debts

1.2 million people were without debts in 2001. This was 200 000 fewer then in 1993. Debt free persons have more bank deposits, less shares and securities and lower property then persons with debts.

About the statistics basis

The statistics covers persons 17 years or more, resident in Norway. In 1993 there were 3 380 631 resident persons 17 years or more, while in 2001 there were 3 508 217 persons. All amounts in 1993 are converted to NOK-2001. All property values are listed with taxation value. The numbers are not corrected with alterations in the valuation of shares that came in 1998. For real property it is often a large deviation between taxation value and sales value. For more information about this subject, see this article: Dwelling ownership, ratio between assessed tax value and sales price, 1999

Tables:

• Table 1 Bank deposits, shares and securities, real properties, net property, debt and gross income for resident persons 17 years and over, by age. 1993 and 2001. In 2001 NOK
• Table 2 Bank deposits, shares and securities, real properties, net property and gross income for resident persons 17 years and over without debt, by age. 1993 and 2001. In 2001 NOK
• Table 3 Bank deposits, shares and securities, real properties, net property, debt and gross income for resident persons 17 years and over with debt, by age. 1993 and 2001. In 2001 NOK