15799_not-searchable
/en/utenriksokonomi/statistikker/brutgjeld/kvartal
15799
Reduction in gross external debt
statistikk
2010-03-19T10:00:00.000Z
External economy
en
brutgjeld, External debt position, loan debt, gross debt, debtForeign assets and liabilities , External economy
false

External debt position, Q4 2009

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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 gross external debt

Norway's gross external debt amounted to NOK 3 199 billion at the end of the fourth quarter 2009. This is NOK 800 billion lower than at the end of the fourth quarter in 2008. The sectors with the largest decrease were the general government and Norges Bank.

Gross external debt by 3rd quarter 2009 and 4th 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 reduction of the debt of the general government (including the Government Pension Fund - Global) in 2009 was mainly caused by less use of repurchase agreements in the investment of the Government Pension Fund Global. The external debt of the general government by the end of the 4th quarter 2009 amounted to NOK 452 billion. By the end of the 4th quarter 2008 the debt amounted to NOK 883 billion. The loans of Norges Bank were also reduced, partly for the same reason as the loans of the Government Pension Fund Global. The gross external debt of Norges Bank amounted to NOK 55 billion at the end of the 4th quarter 2009. By the end of the 4th quarter 2008 the debt amounted to NOK 189 billion. The banks had the largest share of foreign debt, with NOK 1 315 billion at the end of the fourth quarter 2009.

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.

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