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137894
Decrease in total debt growth
statistikk
2014-02-07T10:00:00.000Z
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, November 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-November 2013, down from 7.6 per cent the previous month. The decrease stemmed from both domestic and foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 7 February 2014
November 2013October 2013September 2013August 2013July 2013June 2013
Total gross debt (C3)7.27.67.28.17.57.5
Total gross loan debt, offshore ind.13.116.99.69.56.96.1
Total gross loan debt, mainland-Norway6.36.36.97.97.67.7
Domestic gross debt (C2)6.06.26.36.26.26.3
Gross external loan debt11.913.410.915.612.412.0
Gross external loan debt, offshore ind.20.025.215.015.111.09.5
Gross external loan debt, mainland-Norway5.04.27.416.013.814.2

Source: Statistics Norway

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

Total gross debt amounted to NOK 5 596 billion at end-November 2013, up from NOK 5 527 billion at end-October.

 

Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-November. This amounted to NOK 4 805 billion, up from NOK 4 767 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 1 241 billion at end-November, up from NOK 1 204 billion the previous month. The twelve-month growth decreased from 13.4 per cent to end-October to 11.9 per cent to end-November.

Mainland Norway accounted for 51 per cent of the public gross foreign debt, which amounted to NOK 629 billion at end-November. The twelve-month growth in mainland Norway’s foreign debt was 5.0 per cent to end-November, up from 4.2 per cent to end-October. The increase in mainland Norway’s foreign debt stemmed from short-term debt.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 612 billion at end-November. The twelve-month growth was 20.0 per cent to end-November, down from 25.2 per cent to end-October. The decrease in the twelve-month growth rate for the offshore industries stemmed from short-term debt.

Decrease in domestic debt growth

The credit indicator (C2) amounted to NOK 4 355 billion at end-November. The twelve-month growth was 6.0 per cent to end-November, down from 6.2 per cent the month before. The debt growth in non-financial corporations was 3.8 per cent to end-November, while the growth in household debt was 7.0 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt was unchanged at 6.0 per cent to end-December.