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/en/utenriksokonomi/statistikker/forutland/kvartal
241408
Net assets abroad increase
statistikk
2016-09-07T10:00:00.000Z
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. Norwegian foreign net assets increased between the 1st quarter of 2016 and the 2nd quarter of 2016 by NOK 165 billion. Net assets ended at NOK 5 964 billion after the 2nd quarter of 2016.

Foreign assets and liabilities, Q2 2016

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Net assets abroad increase

Norwegian foreign net assets increased between the 1st quarter of 2016 and the 2nd quarter of 2016 by NOK 165 billion. Net assets ended at NOK 5 964 billion after the 2nd quarter of 2016. Net assets increased again after a downfall last quarter, but are still lower than the peak at the end of 2015.

International investment position. Latest quarter. NOK millionPublished 7 September 2016
Opening balanceTransactionsOther changesClosing balance
Foreign assets12 667 253222 51064 02712 953 790
Direct investment1 851 33444 512-8 9311 886 915
Portofolio investment8 579 039110 33577 5998 766 973
Other investments1 714 18673 039-9 6591 777 566
Reserve assets (IMF breakdown)522 694-5 3765 018522 336
 
Liabilities6 868 306112 5658 9456 989 816
Direct investment1 757 09826 658-2 9891 780 767
Portofolio investment2 943 031-39 26228 7512 932 520
Other investments2 168 177125 169-16 8172 276 529
 
NET ASSETS5 798 947109 94555 0825 963 974

Source: Statistics Norway

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

In total, Norwegian assets abroad amounted to NOK 12 954 billion at the end of the 2nd quarter of 2016. Foreign liabilities in the same period amounted to NOK 6 990 billion. This gives a net assets balance of NOK 5 964 billion. Changes in assets and liabilities’ positions are split into transactions and other changes. The transactions are published in the balance of payments. Net lending was NOK 110 billion in the 2nd quarter.

Net other changes amounted to NOK 55 billion in the 2nd quarter. After a rather weak start in the financial markets in the 1st quarter, the markets stabilized more or less in the 2nd quarter. The exchange rate also had minor fluctuations in the 2nd quarter. Overall, the fluctuations from market prices and exchange rates were smaller than usual compared to previous periods.

Increased other investments abroad

At the end of the 2nd quarter of 2016, the Norwegian assets of other investments amounted to NOK 1 778 billion. This was an increase of NOK 64 billion from the 1st quarter, and NOK 128 billion higher than the year end of 2015. Currency and deposits in particular have increased substantially in the period, from NOK 321 billion in the 4th quarter of 2015 to NOK 527 billion in the 2nd quarter of 2016. A large part of this increase stems from short-term investments in currency and deposits from deposit-taking corporations, except the central bank.