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208951
Decrease in total debt growth
statistikk
2015-06-30T10:00:00.000Z
Banking and financial markets
en
k3, The credit indicator C3, total gross debt, foreign debt, debt, credit, total debtFinancial indicators, Banking and financial markets
false

The credit indicator C3, April 2015

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Decrease in total debt growth

The twelve-month growth in total gross debt (C3) was 5.0 per cent to end-April, down from 6.4 per cent the previous month. The decrease stemmed from both domestic and foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 30 June 2015
April 2015March 2015February 2015January 2015December 2014November 2014
Total gross debt (C3)5.06.45.95.55.26.3
Total gross loan debt, offshore ind.1.310.98.25.13.014.3
Total gross loan debt, mainland-Norway5.65.75.65.65.65.0
Domestic gross debt (C2)5.75.85.55.65.45.2
Gross external loan debt2.68.77.55.14.610.0
Gross external loan debt, offshore ind.1.113.29.95.63.817.1
Gross external loan debt, mainland-Norway4.14.75.24.75.42.9

Source: Statistics Norway

Figure 1. The credit indicator C3. 12-month growth

Total gross debt amounted to NOK 6 155 billion at end-April, down from NOK 6 202 billion at end-March.

Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-April. This amounted to NOK 5 278 billion.

Decreased foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 432 billion at end-April, down from NOK 1 487 billion the previous month. The twelve-month growth decreased from 8.7 per cent to end-March to 2.6 per cent to end-April. 

Mainland Norway accounted for 50 per cent of the public gross foreign debt, which amounted to NOK 712 billion at end-April. The twelve-month growth in mainland Norway’s foreign debt was 4.1 per cent to end-April, down from 4.7 per cent to end-March. The decrease in mainland Norway’s foreign debt growth stemmed from both long-term and short-term debt. 

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 720 billion at end-April. The twelve-month growth was 1.1 per cent to end-April, down from 13.2 per cent to end-March. The increase in the twelve-month growth rate for the offshore industries stemmed from long-term and short-term debt.