Content
Published:
This is an archived release.
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.
The external debt reached NOK 3 000 billion
Norway's gross external debt amounted to NOK 3 005 billion by the end of the first quarter of 2008. This implies an increase of NOK 109 billion compared to the 1st quarter of 2008.
Norway's gross external debt has increased from NOK 2 895 billion in the first quarter of 2008 to NOK 3 005 billion in the second quarter of 2008. Banks, "other sectors" and foreign direct investment increased their foreign debt while the government sector including the Government Pension Fund Global and Norges Bank showed a reduction in the gross external debt.
The banking sector is the sector with the largest foreign debt. By the end of the second quarter of 2008 the debt amounted to NOK 1 207 billion, which counted for 40 per cent of Norways' total foreign debt. Non-residents deposits in Norwegian banks and long-term foreign debt securities are the most important debt instruments. Second position regarding foreign debt is "other sectors" with a debt of NOK 879 billion. Most of the debt of “other sectors” stems from long-term loans.
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. Inter-company lending between entities in a direct investment relationship is shown separately. |
Tables:
The statistics is now published as International accounts.
Additional information
The external debt position shows the gross debt for the main institutional sectors. Shares and other equity are not included in the statistics.
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