15813_not-searchable
/en/utenriksokonomi/statistikker/brutgjeld/kvartal
15813
Reduction in total external debt
statistikk
2008-06-12T10:00:00.000Z
External economy
en
brutgjeld, External debt position, loan debt, gross debt, debtForeign assets and liabilities , External economy
false

External debt position, Q1 2008

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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.

Reduction in total external debt

Norway's gross external debt amounted to NOK 2 906 billion by the end of the first quarter of 2008. This is a small decline since the previous quarter, equal to NOK 27 billion.

Gross external debt by 4th quarter 2007 and 1st quarter 2008 in NOK billions.

Norway’s gross external debt is reduced from NOK 2.934 billion in the fourth quarter of 2007 to NOK 2.906 billion in the first quarter of 2008. The last time a reduction in gross external debt appeared, was between the fourth quarter of 2004 and the first quarter of 2005. The general government including the Government Pension Fund - Global has had a reduction in gross external debt with about 14 percent. The same applies for Norges Bank. Banks, other sectors and direct investments have had an increase.

 

The banks have the largest foreign debt. By end of the fourth quarter 2008 it amounted to NOK 1.111 billion, which corresponds to 38 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 next largest foreign debt equal NOK 746 billion. The greater part of the foreign debt of the central government is due to short term loans.

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

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