Decrease in settlement flows

Published:

Both incoming and outgoing bank settlement flows decreased from the fourth quarter of 2016 to the first quarter of 2017.

Settlements from foreign countries to Norwegian bank accounts amounted to NOK 559 billion in the first quarter of 2017. This was a decrease of 7.8 per cent from the fourth quarter of 2016. Outgoing settlements from Norwegian non-financial enterprises and private persons showed a decrease of 11.6 per cent from the fourth quarter of 2016. The total settlements sent from Norwegian non-financial enterprises and private persons to foreign countries reached NOK 560 billion in the first quarter of 2017.

Figure 1. External settlements between Norway and abroad

Incoming value Outgoing value
Q1-2011 406.402 402.841
Q2-2011 421.318 381.063
Q3-2011 393.27 371.996
Q4-2011 351.234 368.359
Q1-2012 454.01 458.148
Q2-2012 486.953 452.372
Q3-2012 448.834 458.701
Q4-2011 485.571 487.053
Q1-2013 453.077 436.389
Q2-2013 513.489 499.662
Q3-2013 485.897 488.614
Q4-2013 585.377 594.157
Q1-2014 519.514 540.258
Q2-2014 489.351 503.244
Q3-2014 464.291 525.199
Q4-2014 582.781 643.014
Q1-2015 516.905 515.538
Q2-2015 547.022 554.259
Q3-2015 509.864 564.647
Q4-2015 606.315 601.438
Q1-2016 518.032 582.145
Q2-2016 564.346 580.997
Q3-2016 563.045 552.744
Q4-2016 606.273 633.79
Q1-2017 559.236 560.146

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