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Exchange rate and market price effects increased net assets abroad
statistikk
2016-03-02T10:00:00.000Z
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
The Norwegian foreign assets and liabilities.

Foreign assets and liabilities, Q4 2015

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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.

International investment position. Latest quarter. NOK millionPublished 2 March 2016
Opening balanceTransactionsOther changesClosing balance
Foreign assets12 794 989-286 152476 74312 985 580
Direct investment1 789 036-3 306-3 5491 782 181
Portofolio investment8 596 64628 676437 1039 062 425
Other investments1 887 967-277 47221 9541 632 449
Reserve assets (IMF breakdown)521 340-34 05021 235508 525
 
Liabilities6 990 985-347 869103 1416 746 257
Direct investment1 722 397-72 00017 4831 667 880
Portofolio investment2 902 895-11 38559 3422 950 852
Other investments2 365 693-264 48426 3162 127 525
 
NET ASSETS5 804 00461 717373 6026 239 323

Source: Statistics Norway

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

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.