15801_not-searchable
/en/utenriksokonomi/statistikker/brutgjeld/kvartal
15801
Decrease in gross external debt
statistikk
2009-12-10T10:00:00.000Z
External economy
en
brutgjeld, External debt position, loan debt, gross debt, debtForeign assets and liabilities , External economy
false

External debt position, Q3 2009

Content

Published:

This is an archived release.

Go to latest 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.

Decrease in gross external debt

Norway's gross external debt amounted to NOK 3 338 billion at the end of the third quarter 2009. This is NOK 193 billion lower than at the end of the second quarter 2009.

Gross external debt by 2nd quarter 2009 and 3rd quarter 2009 in NOK billion.

The main purpose of the statistics is to fulfil Norway’s obligations with regard to the International Monetary Fund (IMF).

The gross external debt of Norges Bank decreased from NOK 124 billion at the end of the 2nd quarter to NOK 59 billion at the end of the 3rd quarter this year; a decrease of 52 per cent. Reduction of deposit and loan debt after measures aimed at the financial turbulence in autumn 2008 is mostly responsible for the decrease in the debt of Norges Bank. The gross external debt of the general government decreased by 4.5 per cent from the end of the 2nd quarter to the end of the 3rd quarter this year. The banks had the largest share of foreign debt, with NOK 1 325 billion at the end of the third quarter 2009; a reduction from the previous quarter of 1.9 per cent. The external debt of the "other sectors" also decreased during this period by 3.5 per cent, whereas direct investment decreased by 11 per cent.

 

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. The direct investments’ inter-company lending between entities is netted according to the directional principle. Shares, participations and other equity capital are not included in external debt.

Tables: