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/en/utenriksokonomi/statistikker/brutgjeld/kvartal
84154
Increase in external debt
statistikk
2012-06-27T10:00:00.000Z
External economy
en
brutgjeld, External debt position, loan debt, gross debt, debtForeign assets and liabilities , External economy
false

External debt position, Q1 2012

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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.

Increase in external debt

Norway's foreign debt amounted to NOK 3 655 billion at the end of the 1st quarter of 2012. This is an increase of 4.1 per cent from the previous quarter. Growth was greatest for the banks and the public sector.

External debt by 4th quarter 2011 and 1st quarter 2012 in NOK million

Banks' gross debt to other countries increased from NOK 1 428 billion to NOK 1 525 billion, giving the sector the largest foreign debt. The foreign debt of the public sector also increased, and amounted to NOK 362 billion at the end of the 1st quarter of 2012, compared to NOK 289 billion in the corresponding period in the 4th quarter of 2011.

There were, by comparison, relatively small changes in the external debt for the outstanding sectors.

The external debt position shows the gross debt for the main institutional sectors, with the exception of direct investments, which is netted. Shares and other equity are not included in the statistics. Published figures for external debt are in accordance with the International Monetary Fund’s definition.

About the general government’s external debt

Public sector external debt usually consists of domestic government bonds, treasury bills held by foreigners and repurchase agreements with foreigners used by the SPU. Repurchase agreements are accounted for as loans on the liabilities side of SPU’s balance. This accounting method therefore significantly affects public sector external debt. Read more about this in “About the statistics”.

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