The general public’s domestic loan debt (C2) amounted to NOK 6 651 billion at end-January. The general public include households etc., non-financial enterprises and municipal governments.

Decreased debt growth in households

Households’ domestic loan debt totalled to NOK 4 007 billion at end-January. The twelve-month growth was 4.9 per cent to end-January, down from 5.0 per cent from the previous month.

Decreased debt growth in non-financial corporations

Non-financial corporations’ domestic loan debt amounted to NOK 2 014 billion at end-January. The twelve-month growth was 4.8 per cent to end-January, down from 4.9 per cent the previous month.

Increased debt growth in municipal government

Municipal government’s domestic loan debt amounted to NOK 630 billion at end-January. The twelve-month growth was 6.0 per cent to end-January, up from 5.3 per cent the previous month.

Decreased growth in debt securities

The twelve-month growth in the general public’s debt securities was 12.2 per cent to end-January, down from 12.6 per cent the previous month.

Decreased growth in external loan debt in the 4th quarter of 2021

The general public’s total loan debt (C3) amounted to NOK 8 170 billion at the end of the 4th quarter of 2021. The external debt constitutes NOK 1 548 billion.

The twelve-month growth in the general public’s external loan debt was 0.7 per cent to the end of the 4th quarter of 2021. The twelve-month growth was 1.2 per cent to the end of the 3rd quarter. The external loan debt mainly relates to non-financial corporations.

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