Content
Published:
This is an archived release.
Small decrease in net assets abroad
Norwegian foreign net assets decreased between the 2nd quarter of 2016 and the 3rd quarter of 2016 by NOK 34 billion. Net assets ended at NOK 5 984 billion after the 3rd quarter of 2016. After a rather large increase in net assets last quarter, there was now a small correction this quarter.
Opening balance | Transactions | Other changes | Closing balance | |
---|---|---|---|---|
Foreign assets | 12 985 717 | -69 464 | -113 403 | 12 802 850 |
Direct investment | 1 917 361 | -31 812 | -23 122 | 1 862 427 |
Portofolio investment | 8 770 199 | -17 904 | -66 856 | 8 685 439 |
Other investments | 1 775 821 | -22 553 | -4 994 | 1 748 274 |
Reserve assets (IMF breakdown) | 522 336 | 2 805 | -18 431 | 506 710 |
Liabilities | 6 967 966 | -97 655 | -51 686 | 6 818 625 |
Direct investment | 1 764 400 | -29 851 | -18 705 | 1 715 844 |
Portofolio investment | 2 928 152 | 22 143 | -42 095 | 2 908 200 |
Other investments | 2 275 414 | -89 947 | 9 114 | 2 194 581 |
NET ASSETS | 6 017 751 | 28 191 | -61 717 | 5 984 225 |
![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/286690.png?_encoded=2f66666666666678302f35382f&_ts=158d2f9e3f0)
In total, Norwegian assets abroad amounted to NOK 12 803 billion at the end of the 3rd quarter of 2016. Foreign liabilities in the same period amounted to NOK 6 819 billion. This gives a net assets balance of NOK 5 984 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 28 billion in the 3rd quarter.
Net other changes amounted to minus NOK 62 billion in the 3rd quarter. The exchange rate had larger fluctuations than in the 2nd quarter where the change was minor. In the 3rd quarter there has been a currency appreciation of the Norwegian krone, which overall influenced net other changes in a negative way. The financial markets affected net other changes in a positive way this quarter, and reduced the effect of the currency appreciation.
At the end of the 3rd quarter of 2016, Norwegian assets of other investments amounted to NOK 1 748 billion. This was a decrease of NOK 28 billion from the 2nd quarter, but still NOK 110 billion higher than the year end of 2015. Loans and other accounts in particular influenced this decrease. These two instruments combined accounted for a decrease of NOK 57 billion in the 3rd quarter. Currency and deposits on the other hand continued to increase as in previous quarters. In the 3rd quarter, this increase amounted to NOK 31 billion.
RevisionsOpen and readClose
This publication includes revisions dating back to the 1st quarter of 2015.
The statistics is now published as International accounts.
Contact
-
Statistics Norway's Information Centre
E-mail: informasjon@ssb.no
tel.: (+47) 21 09 46 42