15861_not-searchable
/en/utenriksokonomi/statistikker/intinvpos/aar
15861
Stability in Norway’s net foreign assets
statistikk
2008-10-09T10:00:00.000Z
External economy
en
intinvpos, International investment position, abroad, assets, liabilities, net assets, IIP, reserves abroadForeign assets and liabilities , External economy
false

International investment position, 2007

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Stability in Norway’s net foreign assets

Norway’s net foreign assets were reduced with 1.3 per cent to NOK 1 254 billion in 2007. The small reduction was caused by a bigger increase in the liabilities compared to assets. In 2006 net foreign assets equalled 59 per cent of GDP while in 2007 they amounted to 55 per cent of GDP.

The assets increased from NOK 4 975 billion in 2006 to 5 501 billion in 2007. Norway invested mostly in portfolio investments like foreign debt securities, equity and investment fund shares. In 2007 these amounted to NOK 2 958 billion. There were also considerable placements in “other investments”, equal to NOK 1 355 billion, which mainly exists of loans, bank deposits and trade credits.

Norway’s foreign liabilities

The liabilities increased in from NOK 3 700 billion in 2006 to NOK 4 247 billion in 2007. Most of the liabilities are within “other investments”, mainly as loans and trade credits. They amounted to NOK 1 793 billion in 2007. Norway has also considerable portfolio debt like debt securities, equities and shares, NOK 1 755 billion in 2007.

Foreign assets and liabilities. End of year. NOK billion
Year     1998     1999     2000     2001     2002     2003     2004     2005     2006     2007
Assets  955 1 217 1 712 1 897 1 968 2 471 3 016 3 849 4 975 5 501
Liabilities  851 1 060 1 408 1 443 1 515 1 801 2 259 2 726 3 700 4 247
Net assets  104  157  304  453  453  670  757 1 123 1 275 1 254
Net foreign assets in per cent of GDP 9 13 21 29 30 42 43 58 59 55

About International Investment Position

International investment position (IIP) is the balance sheet of the stock of external financial assets and liabilities. IIP was introduced in the mid 1990’s by the International Monetary Fund and is one of several statistics to improve the quality and availability on international economic statistics. The IIP statistics is based on the same principles and definitions as the balance of payments (BoP) financial account. This implies that changes in the stock of IIP in principle shall be consistent with the transactions, valuation changes and other adjustments in the balance of payments financial account.

Nevertheless, some use of different sources and production process may give deviations between the two statistics. IIP is primarily classified by function, i.e. direct investment, portfolio investment, other investment and reserve assets. IIP and BoP use the directional principle for claims/liabilities that are direct investment between groups of companies (international concerns), which means claims/liabilities are netted in the IIP and BoP balance sheet.

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