Portfolio investment abroad, 2006

Norway’s portfolio investments abroad increased by 43 per cent from NOK 1 899 billion to NOK 2 723 billion from 2005 to 2006. The increase was by far largest for the general government sector with NOK 631 billion, while insurance companies, banks and unit trusts had an increase in investments of NOK 40-50 billion each.

With a share of 22 per cent, or NOK 602 billion, the majority of Norway’s investments go to the USA, followed by Germany and Great Britain.

Investment in debt securities amounted to NOK 1 621 billion (60 per cent of total investments), while investments in equity securities amounted to NOK 1 101 billion (40 per cent of total investments) in 2006. In 2005, the corresponding figures were NOK 1 047 billion (55 per cent) for debt securities and NOK 853 billion (45 per cent) for equities.

Portfolio investment is defined as cross-border positions involving debt or equity securities other than those included in direct investment or reserve assets.

Tables:

• Table 1 Portfolio investment abroad by type of assets and country. 31.12. NOK million
• Table 2 Portfolio investment abroad by type of assets and sector per 31.12. NOK million