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/en/utenriksokonomi/statistikker/intinvpos/aar
84498
Modest increase in Norway’s assets and liabilities
statistikk
2012-10-01T10:00:00.000Z
External economy
en
intinvpos, International investment position, abroad, assets, liabilities, net assets, IIP, reserves abroadForeign assets and liabilities , External economy
false

International investment position, 2011

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Modest increase in Norway’s assets and liabilities

Norway’s net foreign assets increased from NOK 2 268 billion in 2010 to NOK 2 590 billion in 2011. This amounted to 95 per cent of GDP at the end of 2011, and 90 per cent at the end of 2010.

Norway’s foreign assets and liabilities. End of year.

Modest increase in Norway’s assets and liabilities

Norway’s foreign assets equalled NOK 7 293 billion at the end of 2011. This corresponds to an increase of 6 per cent from 2010. Norway’s portfolio investment abroad was equal to NOK 4 452 billion at the end of 2011, and amounted to 61 per cent of Norway’s total assets abroad.

Total liabilities were equal to NOK 4 703 billion at the end of 2011, which corresponds to an increase of 2 per cent from 2010. Portfolio investment from abroad totalled NOK 2 037 billion at the end of 2011, which corresponds to 43 per cent of total investment in Norway from abroad.

About International Investment Position

The International Investment Position (IIP) is the balance sheet of the stock of external financial assets and liabilities. IIP was introduced in the mid 1990s by the International Monetary Fund and is one of several statistics aimed at improving the quality and availability of international economic statistics. The IIP statistics are based on the same principles and definitions as the balance of payments’ (BoP) financial account. This means that changes in the stock of IIP shall, in principle, 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 processes may entail 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 investments between groups of companies (international concerns), which means claims/liabilities are netted in the IIP and BoP balance sheet.

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