53121_not-searchable
/en/utenriksokonomi/statistikker/brutgjeld/kvartal
53121
Banks’ debts increasing
statistikk
2011-12-12T10:00:00.000Z
External economy
en
brutgjeld, External debt position, loan debt, gross debt, debtForeign assets and liabilities , External economy
false

External debt position, Q3 2011

Content

Published:

This is an archived release.

Go to latest release

The External debt statistics were subject to a major review in 2013 dating back to 2005. Text and tables in this publication contain errors. Updated figures are available in StatBank.

Banks’ debts increasing

Norway's foreign debt was NOK 3 815 billion at the end of the 3rd quarter of 2011. This is an increase of NOK 340 billion from the previous quarter. The rise in foreign debt is due to an increase in bank debt.

External debt by 2nd quarter 2011 and 3rd quarter 2011 in NOK billions

Banks' external debt has went from NOK 1 130 billion to NOK 1 356 billion since the previous quarter. This is mainly due to increased deposits and increased other current liabilities. The "other sectors" also had a significant debt increase, mostly in the form of bond issues taken up by mortgage companies.

Other sectors continue to have highest debt

"Other sectors" had the largest overall foreign debt of NOK 1 409 billion at the end of the 3rd quarter. The banks followed with almost as much debt.

Shares and other equity are not included in the statistics. Published figures for external debt are in accordance with the International Monetary Fund’s (IMF's) definition.

Remarks on the general government external debt

Public sector external debt usually consists of two main components, domestic government bonds held by foreigners and repurchase agreements used by the Government Pension Fund (SPU). Repurchase agreements are accounted for as loans on the liabilities side of SPU’s balance. Thus this accounting method significantly affects public sector external debt. Read more about this in " About the statistics ".

Tables: