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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.
Opening balance | Transactions | Other changes | Closing balance | |
---|---|---|---|---|
Foreign assets | 11 737 848 | 184 762 | 607 996 | 12 530 606 |
Direct investment | 1 837 123 | 49 653 | -17 233 | 1 869 543 |
Portofolio investment | 7 820 044 | 73 378 | 572 634 | 8 466 056 |
Other investments | 1 594 495 | 43 736 | 26 299 | 1 664 530 |
Reserve assets (IMF breakdown) | 486 186 | 17 995 | 26 296 | 530 477 |
Liabilities | 6 354 691 | 199 515 | 34 881 | 6 589 087 |
Direct investment | 1 684 411 | 23 422 | -9 707 | 1 698 126 |
Portofolio investment | 2 785 740 | 123 530 | 18 940 | 2 928 210 |
Other investments | 1 884 540 | 52 563 | 25 648 | 1 962 751 |
NET ASSETS | 5 383 157 | -14 753 | 573 115 | 5 941 519 |
![Figure 1. Development in Norway's foreign assets and liabilities Figure 1. Development in Norway's foreign assets and liabilities](/en/utenriksokonomi/statistikker/forutland/kvartal/_image/229661.png?_encoded=2f66666666666678302f35382f&_ts=14db3377650)
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.
The statistics is now published as International accounts.
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