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/en/bank-og-finansmarked/statistikker/k2/maaned
208929
Increase in domestic debt growth
statistikk
2015-06-30T10:00:00.000Z
Banking and financial markets
en
k2, The credit indicator C2, general public’s gross domestic debt, credit expansion, credit transactions, liabilities, creditFinancial indicators, Banking and financial markets
false

The credit indicator C2, May 2015

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Increase in domestic debt growth

The twelve-month growth in the credit indicator C2 was 5.9 per cent to end-May, up from 5.7 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 30 June 2015
December 2014January 2015February 2015March 2015April 2015May 2015
1Annualised figure
12-month growth, total5.45.65.55.85.75.9
3-month moving average, total15.05.16.06.67.1..
12-month growth, households6.16.26.26.46.26.4
12-month growth, non-financial corporations3.43.93.33.93.94.4

Source: Statistics Norway

Figure 1. Credit indicator (C2)

The general public’s gross domestic debt C2 amounted to NOK 4 767 billion at end-May, up from NOK 4 723 billion at end-April.

Increased debt growth for households

Households’ gross domestic debt totalled NOK 2 788 billion at end-May, up from NOK 2 767 billion the previous month. The twelve-month growth was 6.4 per cent to end-May, up from 6.2 per cent the previous month.

Stronger debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 559 billion at end-May, up from NOK 1 536 billion at end-April. The twelve-month growth was 4.4 per cent to end-May, up from 3.9 per cent the previous month.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 419 billion at end-May, marginally down from NOK 420 billion at end-April. The twelve-month growth was 8.1 per cent to end-May, down from 8.9 per cent the month before. 

Increased growth in banks and mortgage companies’ loans

Of the general public’s gross domestic debt, 80 per cent consisted of banks and mortgage companies’ loans at end-May. This amounted to NOK 3 811 billion. The twelve-month growth in banks and mortgage companies’ loans was 5.6 per cent to end-May, an increase from 5.3 per cent to end-April.

Weaker growth in bond debt

The twelve-month growth rate in bond debt was 9.8 per cent to end-May, down from 10.2 per cent to end-April. The twelve-month growth rate in certificate debt was 2.2 per cent to end-May, up from -0.9 per cent the previous month.