84302
statistikk
2012-07-02T10:00:00.000Z
National accounts and business cycles;Banking and financial markets
en
finsea, Financial and non-financial accounts, financial investments, households and non-profit organisations, general government, abroad, balance sheets, FINSE, national accountsFinancial institutions , Other financial corporations , Financial accounts , National accounts and business cycles, Banking and financial markets
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Financial and non-financial accounts, 2005-2011

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Upturn in investment and borrowing

Capital formation by households and non-profit institutions serving households, which mainly consists of housing investment in new buildings, had a strong upturn in 2011. At the same time there was an upturn in household and NPISHs’ borrowing, but the level of borrowing is still lower than in 2007.

Households and non-profit organizations serving households. Loan raising, gross fixed capital formation and consumption of durable goods. 1996-2010. NOK Billion

The household capital formation was at a record high of NOK 144.6 billion in 2011 compared to NOK 115.6 billion in 2010. This is an upturn of 25 per cent. At the same time, borrowing amounted to NOK 154.6 billion in 2011 compared to NOK 133.9 billion in 2010, an upturn of 15 per cent. The development in household borrowing is closely related to the development in the residential market and both the trade volume and the price trend for second-hand residents together with capital formation of residents will affect borrowing. However, the development in consumption of durable goods, such as cars and pleasure boats, can also affect household borrowing. The sum of capital formation and consumption of durable goods amounted to NOK 197.9 billion in 2011 compared to NOK 167.3 billion in 2010. This is an upturn of 18 per cent.

House price indices. 2005=100

Up to 2007 there was a strong increase in household borrowing and the level of borrowing in the years 2005-2007 was higher than household capital formation and consumption of durable goods. There was a strong growth in the house prices in this period, but the development suggests that some households funded parts of their consumption of other goods and services by borrowing. In addition, some investments made by households in financial instruments were funded by borrowing. During and after the financial crisis in 2008, borrowing has been lower than capital formation and consumption of durable goods.

General tables for institutional sectors within the national accounts system

The Department for National accounts and Financial statistics in Statistics Norway launched a project in 2008 under the heading “Financial and non-financial accounts in common tables - towards integrated institutional national accounts”.

 

The aim is to compile tables for institutional sectors which comprise a complete set of accounts within the national accounts system: production account, distribution and use of income accounts, accumulation accounts and balance sheets. The plan is to release the first tables after the main revision of the national accounts system in Norway (2014).

 

At this stage we release preliminary tables for institutional sectors based on ESA 1995. The tables include statistics from the national accounts system which were released on ssb.no earlier in 2011. See subject 09.01 National accounts, Institutional sectors accounts and Financial accounts.

 

The tables for Norway are inspired by tables released for countries in the Euro area, which cover data from the entire accounting system in the national accounts.

Gross fixed capital formation, consumption, interests and loans for households and non-profit institutions serving households. NOK million
 
  2005 2006 2007 2008 2009 2010 2011
 
Gross fixed capital formation  101 011        112 478        126 912        122 146        113 046        115 620         144 611
Consumption of durable goods 42 697 43 720 52 461 46 785 42 253 51 707 53 305
               
Loan raising  164 049  176 532  190 788  130 297  125 790  133 878  154 598
Loans 1 431 595 1 608 419 1 796 045 1 931 380 2 049 865 2 172 384 2 329 555
Interests 53 079 63 840 92 530  127 109 91 636 90 778 99 564
               
House price indices  100  114  128  127  129  140  151
 

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