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Decrease in net assets abroad
The Norwegian foreign net assets decreased for the first time in a long time between the 1st quarter of 2015 and the 2nd quarter of 2015. Net assets decreased by NOK 132 billion in the period. Changes in market value of financial instruments explain a large part of this decrease.
Opening balance | Transactions | Other changes | Closing balance | |
---|---|---|---|---|
Foreign assets | 12 545 855 | 82 009 | -221 612 | 12 406 252 |
Direct investment | 1 880 349 | 11 569 | 32 192 | 1 924 110 |
Portofolio investment | 8 470 514 | 86 341 | -222 614 | 8 334 241 |
Other investments | 1 664 515 | -10 375 | -21 102 | 1 633 038 |
Reserve assets (IMF breakdown) | 530 477 | -5 526 | -10 088 | 514 863 |
Liabilities | 6 620 847 | 52 572 | -60 557 | 6 612 862 |
Direct investment | 1 708 181 | 8 706 | 11 832 | 1 728 719 |
Portofolio investment | 2 933 694 | -66 471 | -49 907 | 2 817 316 |
Other investments | 1 978 972 | 110 337 | -22 482 | 2 066 827 |
NET ASSETS | 5 925 008 | 29 437 | -161 055 | 5 793 390 |
![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/238502.png?_encoded=2f66666666666678302f35382f&_ts=14f8cee5de0)
In total, the Norwegian assets abroad amounted to NOK 12 406 billion in the second quarter of 2015. The Norwegian foreign liabilities in the same period amounted to NOK 6 613 billion. This gives a net assets balance of NOK 5 793 billion. Changes in assets and liabilities positions are split by transactions and other changes.
Weaker development in Norwegian investments abroad
Table 1 shows that net other changes amounted to minus NOK 161 billion in the second quarter of 2015. This change is largely due to the weak market development in the Norwegian assets of portfolio investment. These investments had a negative growth of NOK 223 billion during the period.
The transactions shown in the table are identical to the transactions published in the balance of payments. In the second quarter of 2015, the transactions in financial assets amounted to NOK 82 billion, while liabilities amounted to NOK 53 billion. This resulted in net lending of NOK 29 billion.
RevisionsOpen and readClose
In the 2nd quarter of 2015, figures have been updated dating back to the 1st quarter of 2014.
Due to new deposit codes reported for the sector deposit-taking corporations, there has been a revision of short-term and long-term deposits. Data are revised dating back to 1st quarter of 2014.
The statistics is now published as International accounts.
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