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220713
Increase in net assets abroad
statistikk
2015-06-03T10:00:00.000Z
External economy
en
forutland, Foreign assets and liabilities, net assets, IIP, international investment position, foreign debt, foreign assets, BoP, balance of paymentsForeign assets and liabilities , External economy
false
Norwegian foreign assets and liabilities.

Foreign assets and liabilities, Q1 2015

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Increase in net assets abroad

Norwegian net assets increased by NOK 558 billion from the 4th quarter of 2014 to the 1st quarter of 2015. The return on Norwegian portfolio investments explains a large part of this increase.

International investment position. Latest quarter. NOK millionPublished 3 June 2015
Opening balanceTransactionsOther changesClosing balance
Foreign assets11 737 848184 762607 99612 530 606
Direct investment1 837 12349 653-17 2331 869 543
Portofolio investment7 820 04473 378572 6348 466 056
Other investments1 594 49543 73626 2991 664 530
Reserve assets (IMF breakdown)486 18617 99526 296530 477
 
Liabilities6 354 691199 51534 8816 589 087
Direct investment1 684 41123 422-9 7071 698 126
Portofolio investment2 785 740123 53018 9402 928 210
Other investments1 884 54052 56325 6481 962 751
 
NET ASSETS5 383 157-14 753573 1155 941 519

Source: Statistics Norway

Figure 1. Development in Norway's foreign assets and liabilities

Norwegian assets abroad amounted to NOK 12 531 billion, while Norwegian liabilities abroad amounted to NOK 6 589 billion by the end of the 1st quarter of 2015. This gives a net assets balance of NOK 5 942 billion. Changes in asset and liability positions are broken down into transactions and other changes.

Table 1 shows that net other changes amounted to NOK 573 billion in the 1st quarter of 2015. This change is largely due to the return on the Norwegian portfolio investments abroad, with NOK 573 billion in other changes in this quarter.

The transactions shown in the table correspond with the transactions published in the balance of payments. The transactions in financial assets amounted to NOK 185 billion and in liabilities to NOK 200 billion in 2014, resulting in a net lending of NOK -15 billion.

RevisionsOpen and readClose

Only the figures for the 1st quarter of 2015 have been updated. Revisions of previous quarters will be included in the next publication.