249709_not-searchable
/en/bank-og-finansmarked/statistikker/k3/maaned
249709
Weaker total loan debt growth
statistikk
2016-04-29T10:00:00.000Z
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, February 2016

Content

Published:

This is an archived release.

Go to latest release

Weaker total loan debt growth

The twelve-month growth in total gross debt (C3) was 2.8 per cent to end-February 2016, down from 3.1 per cent the previous month. The decrease stemmed from both domestic and foreign debt sources.

Total gross debt (C3). Twelve-month growth. Per centPublished 29 April 2016
September 2015October 2015November 2015December 2015January 2016February 2016
Total gross debt (C3)6.15.42.64.23.12.8
Total gross loan debt, offshore ind.7.74.0-12.20.6-5.5-7.5
Total gross loan debt, mainland-Norway5.95.65.54.84.64.6
Domestic gross debt (C2)5.65.55.45.45.35.2
Gross external loan debt8.04.9-6.00.2-3.5-4.9
Gross external loan debt, offshore ind.10.05.5-14.61.0-6.3-8.4
Gross external loan debt, mainland-Norway6.04.43.9-0.5-0.7-1.2

Source: Statistics Norway

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

Total gross debt amounted to NOK 6 396 billion at end-February, up from NOK 6 386 billion at end-January. 

Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-February. This amounted to NOK 5 499 billion.

Weaker foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 453 billion at end-February, down from NOK 1 461 billion the previous month. The twelve-month growth decreased from -3.5 per cent to end-January to -4.9 per cent to end-February. 

Mainland Norway accounted for 50 per cent of the public gross foreign debt, which amounted to NOK 720 billion at end-February. The twelve-month growth in mainland Norway’s foreign debt was -1.2 per cent to end-February, down from -0.7 per cent to end-January. 

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 733 billion at end-February. The twelve-month growth was -8.4 per cent to end-February, down from -6.3 per cent to end-January. 

The decreased foreign debt growth stemmed from long-term loan debt.