The general public’s domestic loan debt (C2) amounted to NOK 6 732 billion at end-April. The general public include households etc., non-financial enterprises and municipal governments.

Decreased debt growth in households

Households’ domestic loan debt totalled to NOK 4 038 billion at end-April. The twelve-month growth was 4.8 per cent to end-April, down from 4.9 per cent the previous month.

Unchanged debt growth in non-financial corporations

Non-financial corporations’ domestic loan debt amounted to NOK 2 055 billion at end-April. The twelve-month growth was 5.0 per cent to end-April, unchanged from the previous month.

Decreased debt growth in municipal government

Municipal government’s domestic loan debt amounted to NOK 639 billion at end-April. The twelve-month growth was 4.3 per cent to end-April, down from 5.0 per cent the previous month.

Decreased growth in debt securities

The twelve-month growth in the general public’s debt securities was 7.0 per cent to end-April, down from 7.6 per cent the previous month.

Increased growth in external loan debt in the 1st quarter of 2022

The general public’s total loan debt (C3) amounted to NOK 8 205 billion at the end of the 1st quarter of 2022. The external loan debt constitutes NOK 1 498 billion.

The twelve-month growth in the general public’s external loan debt was 1.2 per cent to the end of the 1st quarter of 2022. This is an increase from 0.1 per cent to the end of the previous quarter. Most of the external loan debt is the liability of non-financial corporations.

Figure 1. Credit indicator (C2). 12-month growth