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/en/utenriksokonomi/statistikker/forutland/kvartal
228942
Decrease in net assets abroad
statistikk
2015-09-03T10:00:00.000Z
External economy
en
forutland, Foreign assets and liabilities, net assets, IIP, international investment position, foreign debt, foreign assets, BoP, balance of paymentsForeign assets and liabilities , External economy
false
The Norwegian foreign assets and liabilities.

Foreign assets and liabilities, Q2 2015

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Decrease in net assets abroad

The Norwegian foreign net assets decreased for the first time in a long time between the 1st quarter of 2015 and the 2nd quarter of 2015. Net assets decreased by NOK 132 billion in the period. Changes in market value of financial instruments explain a large part of this decrease.

International investment position. Latest quarter. NOK millionPublished 3 September 2015
Opening balanceTransactionsOther changesClosing balance
Foreign assets12 545 85582 009-221 61212 406 252
Direct investment1 880 34911 56932 1921 924 110
Portofolio investment8 470 51486 341-222 6148 334 241
Other investments1 664 515-10 375-21 1021 633 038
Reserve assets (IMF breakdown)530 477-5 526-10 088514 863
 
Liabilities6 620 84752 572-60 5576 612 862
Direct investment1 708 1818 70611 8321 728 719
Portofolio investment2 933 694-66 471-49 9072 817 316
Other investments1 978 972110 337-22 4822 066 827
 
NET ASSETS5 925 00829 437-161 0555 793 390

Source: Statistics Norway

Figure 1. Development in Norway's foreign assets and liabilities

In total, the Norwegian assets abroad amounted to NOK 12 406 billion in the second quarter of 2015. The Norwegian foreign liabilities in the same period amounted to NOK 6 613 billion. This gives a net assets balance of NOK 5 793 billion. Changes in assets and liabilities positions are split by transactions and other changes.

Weaker development in Norwegian investments abroad

Table 1 shows that net other changes amounted to minus NOK 161 billion in the second quarter of 2015. This change is largely due to the weak market development in the Norwegian assets of portfolio investment. These investments had a negative growth of NOK 223 billion during the period.

The transactions shown in the table are identical to the transactions published in the balance of payments. In the second quarter of 2015, the transactions in financial assets amounted to NOK 82 billion, while liabilities amounted to NOK 53 billion. This resulted in net lending of NOK 29 billion.

RevisionsOpen and readClose

In the 2nd quarter of 2015, figures have been updated dating back to the 1st quarter of 2014.

Due to new deposit codes reported for the sector deposit-taking corporations, there has been a revision of short-term and long-term deposits. Data are revised dating back to 1st quarter of 2014.