Statistikk innhold

Statistics on

Financial accounts

The financial accounts are designed to provide a comprehensive and consistent survey of institutional sectors’ financial assets, liabilities and financial transactions.

Updated: 4 June 2026
Next update: 3 September 2026

Selected figures from these statistics

  • Financial accounts for households. Key figures. Billion NOK and percentage
    Financial accounts for households. Key figures. Billion NOK and percentage
    1st quarter 20252nd quarter 20253rd quarter 20254th quarter 20251st quarter 2026
    Assets7 6047 8868 0038 1838 235
    Liabilities4 7664 8604 8924 9854 946
    Net financial assets2 8383 0263 1113 1983 289
    Net lending5061-10-680
    Other changes-13127959411
    Debt to income ratio1 210.1209.9209.9209.9207.6
    Debt growth (per cent)1 4.34.54.64.93.8
    1Seasonal adjusted
    Explanation of symbols
  • Financial assets, liablilities and net lending by institutional sectors. Last period. NOK million.
    Financial assets, liablilities and net lending by institutional sectors. Last period. NOK million.
    1st quarter 2026
    Non-financial corporations1 Financial corporationsGeneral governmentHouseholds & NPISHRest of the world
    Net finanical assets-7 339 507602 69322 798 4783 494 384-19 556 048
    Assets12 624 69520 030 17626 341 8818 477 28912 266 617
    Cash and currency, etc.4 66475 90995628 17168 638
    Deposits1 247 5291 437 207473 4992 041 2491 870 420
    Debt securities271 5093 487 6725 993 71316 4303 678 614
    Loans3 566 1448 804 8571 915 622160 4202 213 165
    Equity5 065 9123 481 11216 866 6712 361 8813 419 892
    Investment fund shares or units341 7962 127 63635 990793 337131 365
    Insurance and pension entitlements77 68939 36288 3452 732 88356 903
    Other accounts receivable2 033 152310 681930 459335 820612 255
    Liabilities19 964 20219 427 4833 543 4034 982 90531 822 665
    Cash and currency, etc.0105 1210073 217
    Deposits06 098 77600971 128
    Debt securities1 183 9253 462 436980 8363 9397 816 802
    Loans6 366 8961 215 0621 927 6904 853 0962 297 464
    Equity10 129 7742 630 7010018 434 992
    Investment fund shares or units02 381 016001 049 108
    Insurance and pension entitlements02 966 2800028 902
    Other accounts payable2 249 965311 449607 865125 794927 294
    Net lending, sum 4 last quarters-122 185161 805538 310132 078-710 008
    1Including reconciliation sector
    Explanation of symbols
  • Households' financial assets, liabilities and net lending. NOK million.
    Households' financial assets, liabilities and net lending. NOK million.
    1st quarter 20252nd quarter 20253rd quarter 20254th quarter 20251st quarter 2026
    Net financial assets2 837 9533 026 0873 110 5973 197 9883 288 932
    Assets7 604 2577 885 5908 002 9458 182 5168 235 277
    Cash and currency27 94828 38528 09628 41327 529
    Deposits1 804 5661 900 3521 885 9681 889 2641 945 580
    Debt securities8 6409 1159 1349 0459 149
    Loans156 200157 285158 395159 309160 420
    Equity2 168 5082 210 5432 234 8552 269 0032 302 146
    Investment fund shares or units593 282643 620689 237742 538726 312
    Insurance and pension entitilements2 484 6622 584 9182 649 8302 712 4712 732 804
    Other accounts receivable354 161345 158341 373366 566324 501
    Liabilities4 766 3044 859 5034 892 3484 984 5284 946 345
    Loans4 605 4794 672 8174 734 1814 788 4054 820 691
    Other accounts payable160 746186 603158 093196 049125 586
    Net lending49 85560 823-10 250-6 14180 056
    Explanation of symbols
  • Interlinkages of creditor and debtors. Loan. NOK million.
    Interlinkages of creditor and debtors. Loan. NOK million.
    1st quarter 2026
    Debtor sector
    Non-financial corporations1 Financial corporationsGeneral governmentHouseholds & NIPSHRest of the world
    Creditor sector
    Assets
    Non-financial corporations1 3 121 1793 37112 28318 545410 766
    Financial corporations2 133 938574 521604 0174 625 209867 172
    General government47 652528 192133 578186 6741 019 526
    Households & NIPSH148 28112 1291000
    Rest of the world915 84696 8491 177 80222 6680
    Flows
    Non-financial corporations1 0-10-62310015 293
    Financial corporations45 729-112 47410 43734 14328 470
    General government-99014 1020-1 274-515 113
    Households & NIPSH1 000111000
    Rest of the world16 097-1 296-274 82400
    1Including reconciliation sector.
    Explanation of symbols
  • Interlinkages of creditors and debtors. Debt securities. NOK million.
    Interlinkages of creditors and debtors. Debt securities. NOK million.
    1st quarter 2026
    Debtor sector
    Non-financial corporations1 Financial corporationsGeneral governmentRest of the world
    Creditor sector
    Stocks
    Non-financial corporations1 38 80319 35226 874186 480
    Financial corporations277 750985 371391 4291 829 183
    General government38 63671 19186 1505 797 736
    Household & NIPSH4 9727 8302253 403
    Rest of the world823 7642 378 692476 1580
    Flows
    Non-financial corporations1 2 889-327-5 926834
    Financial corporations12 32034 19217 757-32 023
    General government2 37210 3453 710269 518
    Household & NIPSH-213331436
    Rest of the world23 81479 147-2 1200
    1Including reconciliation sector.
    Explanation of symbols
  • Interlinkages of creditors and debtors. Listed and unlisted shares. NOK million.
    Interlinkages of creditors and debtors. Listed and unlisted shares. NOK million.
    1st quarter 2026
    Issuing sector
    Non-financial corporations1 Financial corporationsRest of the world
    Holding sector
    Stocks
    Non-financial corporations1 3 228 041166 4261 475 255
    Financial corporations871 524692 6001 875 843
    General government1 440 284260 51414 478 272
    Households & NIPSH1 467 741350 882121 970
    Rest of the world2 631 361618 0620
    Flows
    Non-financial corporations1 10 3045921 593
    Financial corporations6 8275 56231 750
    General government-18 161-3 40023 991
    Households & NIPSH-14 077382-877
    Rest of the world9 216-6 1210
    1Including reconciliation sector.
    Explanation of symbols
  • Domestic sectors' financial assets and liabilities towards the rest of the world. Last period. NOK million.
    Domestic sectors' financial assets and liabilities towards the rest of the world. Last period. NOK million.
    1st quarter 2026
    Non-financial corporations1 Financial corporationsGeneral governmentHouseholds & NIPSHSum domestic sectors
    Net financial assets-1 886 4101 211 74619 624 376606 33719 556 048
    Assets2 884 4376 707 06021 602 164629 00531 822 665
    Cash and currency, etc.073 2170073 217
    Deposits50 386876 82125 03618 885971 128
    Debt securities186 4801 829 1835 797 7363 4037 816 802
    Loans410 766867 1721 019 52602 297 464
    Equity1 570 6951 878 76614 480 875504 65718 434 992
    Investment fund shares or units98 118844 1194 811102 0601 049 108
    Insurance and pension entitlements028 9020028 902
    Other accounts receivable562 584125 533239 1770927 294
    Liabilities4 770 8475 495 3141 977 78822 66812 266 617
    Cash and currency, etc.068 6380068 638
    Deposits01 870 420001 870 420
    Debt securities823 7642 378 692476 15803 678 614
    Loans915 84696 8491 177 80222 6682 213 165
    Equity2 801 830618 062003 419 892
    Investment fund shares or units0131 36500131 365
    Insurance and pension entitlements056 9030056 903
    Other accounts payable197 182117 863297 2100612 255
    1Including reconciliation sector.
    Explanation of symbols

About the statistics

The information under «About the statistics» was last updated 13 October 2025.

1. Net lending defined in non-financial accounts (capital account) =

saving + net capital transfers - net acquisition of non-financial assets

2. Net lending defined in financial accounts =

net acquisition of financial assets - net incurrence of liabilities

Savings is non-consumed income and can be invested in financial or non-financial assets. If savings exceed non-financial investments, a sector has surplus of funds and becomes a net lender to other sectors. In the financial transaction account, this means that the sector acquire more financial assets than liabilities. On the other hand, if savings are less than non-financial investments, investments have to be funded either by selling financial assets or incurring debts. For example, household investments in non-financial assets mainly reflect the purchase of new housing and fixed investments by unincorporated enterprises. They typically finance substantial parts of these investments by incurring debt in the form of loans.

Net financial assets (net financial wealth) = total financial assets - total liabilities

The financial balance sheet shows the financial position of a sector at the end of the reference period and is broken down into categories of financial assets and liabilities. The predominant assets held by for example the households, are insurance technical reserves, currency and deposits, while loans provided by financial corporations (banks etc) constitute the main proportion of liabilities.

Changes in net financial asset = net lending + other changes in assets and liabilities

The change in the financial balance sheet during the reference period is a result of accumulated financial transactions and other changes in assets. The latter category mainly reflects revaluations due to changes in market prices of financial instruments.

Accounting system

The accounting system provides the framework and contents required for compiling national accounts statistics. In the system, each financial asset has a counterpart liability. This is reflected by the data structure of the financial accounts which is three-dimensional; creditor sector * debtor sector * financial instrument.

Institutional sector classification

Each institutional sector comprises institutional units with broadly similar behaviour. The institutional units are grouped into mutually exclusive institutional sectors on the basis of economic activity, organisational structure and ownership. Institutional units are autonomous entities that are capable, in their own right, of owning assets, incurring liabilities and engaging in economic activities and in transactions with other entities. In most cases, the institutional unit is identical to the legal unit or persons or groups of persons in the form of households.

The institutional sector classification in the financial accounts is based on the recommendations of the SNA 2008 and ESA 2010. The main sectors of the system are detailed below:

1 Total economy

The total economy of a country consists of all institutional units having their centre of predominant economic interest in the economic territory of that country. Such units are known as resident units, irrespective of nationality and legal form.

Branches and other establishments of Norwegian corporations abroad are not included. See rest of world.

11 Non-financial corporations

The sector covers institutional units engaged in the market production of non-financial products and services.

The reconciliation sector, which shows the inconsistencies between debtor and creditor sector information and sometimes the inconsistencies between the financial accounts and the non-financial accounts, is treated as a separate sector in the working databases in the financial accounts. The data for the reconciliation sector has been added to the non-financial corporation sector in the publications and the reports to Eurostat and OECD.

12 Financial corporations

The sector covers institutional units engaged the market production of financial services and in financial activities. The sector comprise entities that are credit intermediaries or offer insurance products and services, mutual funds, financial holding companies, but also entities whose main activities are financial auxiliary services (e. g. brokerage services, fund management services, financial register services etc.). The main sector is divided into the following sub-sectors:

  • 121 Norges Bank
  • 1221 Banks
  • 1222 Mortgage companies
  • 123 Money market funds
  • 124 Non-MMF investment funds
  • 125-127 Other financial corporations
  • 128-129 Life insurance corporations, non-life insurance corporations and pension funds

The aggregate sector 125-127 Other financial corporations consists of finance companies, financial holding companies, financial auxiliaries, state lending institutions, state investment companies and other investment companies.

124 Non-MMF investment funds include alternative investments funds (AIF) from the year 2012. Before that the AIFs are included in 125-127 Other financial corporations.

13 General government

The sector covers all state, municipal and county municipal administrative bodies. The Government Pension Fund - Global (previously known as Petroleum Fund) and The Government Pension Fund - Norway (previously known as the National Insurance Scheme Fund) are also included. Non-financial and financial corporations controlled by government are not included.

In addition to carrying out political responsibilities, the general government sector provides and enforces regulations, produces public services (mainly non-market) and redistributes income and wealth. The general government sector has tax revenues, property income and borrowed capital at its disposal. The main sector is divided into the following sub-sectors:

  • 131 Central government
  • 133 Local government

14 Households

The households sector covers wage-earners, retirees, recipients of national insurance benefits, unincorporated enterprises and tenant-owner’s associations etc. The households consume goods and services, supplies labour and as entrepreneurs, supplies the production of market goods and services. The sector comprises the “consumers of the economy´´. Total consumption expenditure is partly financed by the households themselves, partly by general government and partly by non-profit institutions serving households. The households also produces goods and services for their own consumption. The services related to housing is the largest part of the self-produced, self-consumed service. Because the property in tenant-owner’s associations are considered as owner-tenant properties, the tenant-owner associations are included in the households sector.

15 Non-profit institutions serving households (NPISH)

NPISHs consist of non-profit institutions that are separate legal entities, which serve households and which are principally engaged in the production of non-market goods and services intended for households. Their main resources, apart from those derived from occasional sales, are transfers from general government, voluntary contributions by households and corporations, and property income.

2 Rest of the world

This institutional sector includes all non-resident institutional units that enter into transactions with resident units, or have other economic links with resident units. This includes:

  • Non-resident institutional units controlled by foreign or Norwegian corporations.
  • Natural persons who are permanent resident abroad (including Norwegian citizens)
  • Staff of foreign embassies, foreign embassies and consulates and in Norway

The classification of financial assets and liabilities

The financial accounts include a limited number of financial instrument groups with detailed claims and debt items in the balance sheets of institutional units. The financial instrument links one entity claim to another sector’s debt items. The financial instruments are grouped in claim and debt items with similar economic functions. For example, the payment function is characteristic of coins, notes and salary accounts, while credit is procured through different types of loans. In addition, the liquidity ratio has been the determinant factor for the ranking of financial assets in the classification.

Classification of financial assets and liabilities in the financial accounts is based on the recommendations of the SNA 2008 and ESA 2010. The classifications are described below:

AF1 Monetary gold and drawing rights (SDR)

Comprise gold and special drawing rights (SDRs). Norges Bank sold the rest of its gold reserves in 2004. Before that gold was a very small proportion of the banks total reserves. As a simplification gold is therefore excluded from the financial accounts for the whole period from 1995.

AF2 Currency and deposits

Comprise Norwegian and foreign notes and coins, all types of deposits with commercial banks and savings banks, Norges Bank and foreign banks. The net reserves position with the IMF is also included. The financial accounts distinguish between the following types of detailed financial instruments:

  • Currency
  • Transferable deposits
  • Other deposits

AF3 Dept securities

Comprise short and long-term securities. Short-term securities is defined as negotiable securities with original maturity of maximum one year, while long-term securities comprise instruments defined as tradable standardised debentures with original maturity of more than one year. The financial accounts distinguish between the following types of detailed financial instruments:

  • Short-term securities
  • Long-term securities

AF4 Loans

This financial instrument includes lending forms other than tradable debentures and certificates and is mainly quantified on the basis of the specifications in accounting statistics for financial corporations. The financial accounts distinguish between the following types of detailed financial instruments:

  • Short-term loans
  • Long-term loans

AF5 Shares and other equity

The instrument includes ordinary shares in limited liability companies, shares in general partnerships and shares in mutual funds. Shares in foreign companies are also included. Furthermore, the instrument includes tradable Norwegian equity certificates and general government capital contributions in public enterprises and the state lending institutions. As from Q4 2021 the Equity certificates are included in Quoted shares. Before Q4 2021 the instrument is included in Other equity. The financial accounts distinguish between the following types of detailed financial instruments:

  • Quoted shares
  • Unquoted shares
  • Other equity
  • Mutual funds shares

AF6 Insurance technical reserves

The instrument includes individual insurance savings and group insurance savings in private life insurance companies and total capital in autonomous municipal and private pension funds. Prepayments of premiums and reserves against outstanding claims in non-life insurance companies are also included. The financial accounts distinguish between the following types of detailed financial instruments:

  • Non-life insurance technical reserves
  • Life insurance and annuity entitlements
  • Pension entitlements - defined contribution
  • Pension entitlements - defined benefit
  • Claims of pension funds on pension managers

AF7 Financial derivatives and employee stock options

The instrument financial derivatives consists of several types of derivatives and employee stock options. There is a weak source base for compiling transactions. Therefore transactions in AF7 is sometimes adjusted and used for net lending balancing purposes.

AF8 Other accounts receivable/payable

Comprise claims and debt that is due to differences in timing between transactions and payments. For example deferred tax claims/liabilities and unsettled trades of financial instruments. Dwellings held by Norwegian residents in the rest of the world are recorded on AF8, and also Norwegian dwellings held by non-residents. Transactions in AF8 is sometimes adjusted and used for net lending balancing purposes.

Relatert innhold