131930_not-searchable
/en/bank-og-finansmarked/statistikker/k3/maaned
131930
Decrease in total debt growth
statistikk
2013-12-09T10:00:00.000Z
Banking and financial markets
en
k3, The credit indicator C3, total gross debt, foreign debt, debt, credit, total debtFinancial indicators, Banking and financial markets
false

The credit indicator C3, September 2013

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Decrease in total debt growth

The twelve-month growth in total gross debt (C3) was 7.2 per cent to end-September, down from 8.0 per cent the previous month. The decrease stemmed from foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 9 December 2013
September 2013August 2013July 2013June 2013May 2013April 2013
Total gross debt (C3)7.28.07.57.57.37.4
Total gross loan debt, offshore ind.9.68.86.96.15.69.0
Total gross loan debt, mainland-Norway6.97.87.67.77.67.2
Domestic gross debt (C2)6.36.26.26.36.46.5
Gross external loan debt10.915.112.412.010.911.1
Gross external loan debt, offshore ind.15.014.011.09.58.112.7
Gross external loan debt, mainland-Norway7.416.013.814.213.39.9

Source: Statistics Norway

Figure 1. The credit indicator C3 by credit sources. Twelve-month growth

Total gross debt amounted to NOK 5 504 billion at end-September, up from NOK 5 466 billion at end-August.

Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-September. This amounted to NOK 4 755 billion, up from NOK 4 740 billion the previous month.

Decrease in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 201 billion at end-September, up from NOK 1 190 billion the previous month. The twelve-month growth decreased from 15.1 per cent to end-August to 10.9 per cent to end-September.

Mainland Norway accounted for 52 per cent of the public gross foreign debt, which amounted to NOK 629 billion at end-September. The twelve-month growth in mainland Norway’s foreign debt was 7.4 per cent to end-September, down from 16.0 per cent to end-August. The decrease in mainland Norway’s foreign debt stemmed from both short and long-term debt.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 572 billion at end-September. The twelve-month growth was 15.0 per cent to end-September, up from 14.0 per cent to end-August. The increase in the twelve-month growth rate for the offshore industries stemmed from long-term debt.

Increase in domestic debt growth in September

The credit indicator (C2) amounted to NOK 4 303 billion at end-September. The twelve-month growth was 6.3 per cent to end-September, up from 6.2 per cent the month before. The debt growth in non-financial corporations was 4.2 per cent to end-September, while the growth in household debt was 7.2 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt decreased to 6.2 per cent to end-October.