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/en/utenriksokonomi/statistikker/brutgjeld/kvartal
15815
Banks’ have the largest foreign debt
statistikk
2008-03-11T10:00:00.000Z
External economy
en
brutgjeld, External debt position, loan debt, gross debt, debtForeign assets and liabilities , External economy
false

External debt position, Q4 2007

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The External debt statistics were subject to a major review in 2013 dating back to 2005. Text and tables in this publication contain errors. Updated figures are available in StatBank.

Banks’ have the largest foreign debt

Norway's gross external debt amounted to NOK 2 918 billion at the end of the forth quarter of 2007, up by 2.7 per cent from the third quarter and 14.0 per cent year-on-year.

Gross external debt, by 3rd and 4th quarter 2007. NOK billion

The statistics include the general government, Norges Bank, banks and “other sectors” which include other financial enterprises, non-financial enterprises and debt related to foreign direct investments in Norway. The banks’ have the largest foreign debt. At the end of 2007 it amounted to NOK 1 044 billion, in other words 36 per cent of Norway’s total foreign debt. Non-residents’ deposits in Norwegian banks and long-term foreign debt securities are the main reasons for the debt. The central government has the second largest foreign debt at NOK 865 billion. The greater part of the foreign debt of the central government is due to short-term loans.

Both the general government and Norges Bank have had a small reduction in foreign debt from the third quarter 2007 to the fourth quarter in 2007, while banks, “other sectors” and intercompany lending between entities in a direct investment relationship have had a similar small increase.

The statistics include the sectors general government, Norges Bank, banks and “other sectors” which include non-bank financial enterprises, non-financial enterprises, households and non-profit institutions serving households. Intercompany lending between entities in a direct investment relationship is shown separately.

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