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/en/utenriksokonomi/statistikker/brutgjeld/kvartal
92267
Little change in external debt
statistikk
2013-06-14T10:00:00.000Z
External economy
en
brutgjeld, External debt position, loan debt, gross debt, debtForeign assets and liabilities , External economy
false

External debt position, Q1 2013

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Little change in external debt

Norway's foreign debt amounted to NOK 4 000 billion at the end of the 1st quarter of 2013. This is a reduction of NOK 29 billion compared to the 4th quarter of 2012.

Gross external debt position. NOK millionPublished 14 June 2013
2nd quarter 20123rd quarter 20124th quarter 20121st quarter 2013
1Includes non-bank financial enterprises, non-financial enterprises and households.
External debt position4 099 4794 120 7504 027 4803 998 338
General government342 074384 181313 022409 860
Central Bank of Norway62 35643 50128 12748 164
Banks1 506 3601 510 8951 455 9371 331 716
Other sectors11 457 8011 451 1361 464 1631 472 405
Direct investments730 888731 037766 231736 193

Source: Statistics Norway

External debt, by sector. 4th quarter 2012 and 1st quarter 2013. NOK billion

General government’s gross external debt increased from NOK 313 billion to NOK 410 billion in the 1st quarter of 2013, while banks' gross external debt was reduced from NOK 1 456 billion to NOK 1 332 billion in the same period.

Major revisions

The external debt statistics have been significantly revised this quarter. Statistics Norway had misinterpreted the guiding principle when recording direct investment: intercompany lending. Direct investment: intercompany lending has previously been netted in the same way as direct investment in the international investment position and balance of payments statistics. The figures are corrected from the 1st quarter of 2005. Revisions of the other objects are only ordinary revisions as a result of new information. All objects before the 1st quarter of 2005, including direct investment, are treated in gross terms. The magnitude of the revisions ranges from NOK 100 billion to NOK 400 billion every quarter since the restructuring of the statistics at the beginning of 2005. The revised figures lead to a corresponding increase in the external debt position total. Due to the revisions, Norway's gross debt at the end of the 4th quarter of 2012 increased by NOK 373 billion. Revised time series figures are available in StatBank.