204506
204506
statistikk
2015-01-14T10:00:00.000Z
National accounts and business cycles
en
finsek, Financial accounts, financial investments, households and non-profit organisations, general government, abroad, balance sheets, FINSEFinancial accounts , National accounts and business cycles
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Statistics

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Financial accountsQ3 2014

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Households’ debt growth levels off

Households’ borrowing over the last four quarters to the third quarter of 2014 amounted to NOK 168 billion, compared to NOK 169 billion in the previous four-quarter period. This is the fourth quarter in a row with a fall in borrowing.

Financial accounts for households. Key figures. Million NOK and percentage
3rd quarter 2013 4th quarter 2013 1st quarter 2014 2nd quarter 2014 3rd quarter 2014
1Seasonal adjusted
Assets 3 498 480 3 570 247 3 629 174 3 731 335 3 756 485
Liabilities 2 699 638 2 764 533 2 775 526 2 843 518 2 867 591
Net financial assets 798 842 805 714 853 648 887 817 888 894
 
Net lending -12 973 -32 438 24 975 -344 -12 227
Other changes 24 953 39 310 22 959 34 513 13 304
 
Debt to income ratio1 203.7 204.8 204.9 206.2 207.9
Debt growth (per cent)1 7.2 6.8 6.6 6.3 6.3
Figure 1. Households' net lending and change in net financial assets over the last four quarters. Net financial assets as ratio of disposable income, seasonally adjusted
Figure 2. Households growth in debt over the last four quarters
Figure 1. Households' net lending and change in net financial assets over the last four quarters. Net financial assets as ratio of disposable income, seasonally adjustedFigure 2. Households growth in debt over the last four quarters

Banks and mortgage companies are households’ most important credit sources. Households borrowed NOK 121 billion from these sources in the last four-quarter period, compared to NOK 118 billion in the previous period. Borrowing from the central government went down from NOK 21 billion to NOK 17 billion in last four-quarter period.

Steady development in households’ net lending

Households’ net lending is estimated at NOK -20 billion over the last four quarters, compared to NOK -21 billion in the previous four-quarter period. The increase in net financial assets is estimated at NOK 90 billion in the last period and net holding gains at NOK 110 billion. The revaluation of unlisted shares made a major contribution to total holding gains, but is estimated and uncertain.