Bankruptcies, Q3 2003

Altogether 3 993 bankruptcy proceedings have been commenced so far this year. 35 percent of the bankruptcies are personal bankruptcies. Most bankruptcies take place within wholesale and retail trade, real estate, renting and business activities, construction and hotels and restaurants.

Regional differences

The whole country, except the counties Vest-Agder, Nordland, Rogaland and Møre og Romsdal, has experienced a decline in the number of bankruptcies compared to the 2^{n d} quarter this year. The largest decline has been in the counties Akershus and Sogn og Fjordane.

While the country as a whole has experienced an increase by 15 percent in the 3^{r d} quarter this year compared to the same period in 2002, the following counties have experienced an increase by 50 per cent or more: Nordland 82 per cent, Østfold 60 per cent and Buskerud 50 per cent. The counties Telemark, Sogn og Fjordane, Oppland, Oslo and Vestfold, on the other hand, have had a decline in the number of bankruptcies.

Enterprise bankruptcies increase the most

Compared to the 3^{r d} quarter in 2002 the number of bankruptcies in enterprise increased by 18 per cent, while the number of personal bankruptcies increased by nine per cent.

There has been an increase in the number of bankruptcies by 57 percent within hotels and restaurants. The number of enterprise bankruptcies increased by 77 per cent while the number of personal bankruptcies decreased by 13 per cent. In construction there has been an increase by 25 per cent in both enterprise and personal bankruptcies. Within wholesale and retail trade the number of enterprise bankruptcies has increased by 9 per cent while the number of personal bankruptcies has declined by 11 per cent. This is a total increase of 5 per cent. The largest increase in personal bankruptcies, 88 per cent, is within real estate, renting and business activities. The total increase in number of bankruptcies for this activity is 17 per cent.

More in StatBank

Statistics about bankruptcies from 1999 is now available in StatBank. Figures by industrial activity, legal form, year of establishment and size groups are available on national- and county level.

Tables:

• Table 1 Bankruptcy, by quarter and county. 2002-3rd quarter 2003 (Corrected 27 July 2004)
• Table 2 Monthly bankruptcy proceedings. 1995-2002 and 1st-3rd quarter 2003 (Corrected 09.11.2005)
• Table 3 Bankruptcy, by industrial activity. 3rd quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 4 Bankruptcy, turnover and persons employed, by industrial activity. 1st-3rd quarter 2002 and 2003. Turnover and persons employed in last year of activity (Corrected 27 July 2004)
• Table 5 Bankruptcy in wholesale and retale trade, by industrial activity. 3rd quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 6 Bankruptcy in wholesale and retale trade, turnover and persons employed, by industrial activity. 1st-3rd quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 7 Bankruptcy in ICT-sector, turnover and persons employed, by industrial activity. 3rd quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 8 Bankruptcy, by year of establishing and county. 3rd quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 9 Bankrupcy by county and share capital. 3rd quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 10 Bankruptcy, by county and legal form. 3rd quarter 2002 and 2003 (Corrected 27 July 2004)