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Exchange rate and market price effects increased net assets abroad
Norwegian foreign net assets increased between the 3rd quarter and the 4th quarter of 2015 by NOK 435 billion. The increase in net assets in the 4th quarter followed three quarters of stable figures in 2015.
Opening balance | Transactions | Other changes | Closing balance | |
---|---|---|---|---|
Foreign assets | 12 794 989 | -286 152 | 476 743 | 12 985 580 |
Direct investment | 1 789 036 | -3 306 | -3 549 | 1 782 181 |
Portofolio investment | 8 596 646 | 28 676 | 437 103 | 9 062 425 |
Other investments | 1 887 967 | -277 472 | 21 954 | 1 632 449 |
Reserve assets (IMF breakdown) | 521 340 | -34 050 | 21 235 | 508 525 |
Liabilities | 6 990 985 | -347 869 | 103 141 | 6 746 257 |
Direct investment | 1 722 397 | -72 000 | 17 483 | 1 667 880 |
Portofolio investment | 2 902 895 | -11 385 | 59 342 | 2 950 852 |
Other investments | 2 365 693 | -264 484 | 26 316 | 2 127 525 |
NET ASSETS | 5 804 004 | 61 717 | 373 602 | 6 239 323 |
![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/258480.png?_encoded=2f66666666666678302f35382f&_ts=1532d3b5ef8)
In total, Norwegian assets abroad amounted to NOK 12 986 billion at the end of the 4th quarter of 2015. Foreign liabilities in the same period amounted to NOK 6 746 billion. This gives a net assets balance of NOK 6 239 billion. Changes in the positions of assets and liabilities are split into transactions and other changes. The transactions are published in the balance of payments.
Net other changes amounted to NOK 374 billion in the 4th quarter. Exchange rate changes and positive market price effects during the period contributed to an increase in both assets and liabilities.This is particularly true for the assets side, where other changes lead to an increase in assets of NOK 477 billion in the period.
Large positions in portfolio assets
At the end of the 4th quarter of 2015, the Norwegian assets of portfolio investment amounted to NOK 9 062 billion, about 70 per cent of the total assets. This was an increase of NOK 466 billion from the 3rd quarter of 2015.
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Foreign assets and liabilities are revised dating back to the 1st quarter of 2014.
The statistics is now published as International accounts.
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