158477_not-searchable
/en/bank-og-finansmarked/statistikker/k3/maaned
158477
Increase in total debt growth
statistikk
2014-06-13T10:00:00.000Z
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, March 2014

Content

Published:

This is an archived release.

Go to latest release

Increase in total debt growth

The twelve-month growth in total gross debt (C3) was 5.8 per cent to end-March, up from 4.9 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross dept (C3). Twelve-month growth. Per centPublished 13 June 2014
March 2014February 2014January 2014December 2013November 2013October 2013
Total gross debt (C3)5.84.95.66.17.47.8
Total gross loan debt, offshore ind.8.42.76.55.814.418.3
Total gross loan debt, mainland-Norway5.45.25.46.16.36.3
Domestic gross debt (C2)5.75.85.76.06.06.2
Gross external loan debt6.11.55.06.112.614.2
Gross external loan debt, offshore ind.12.44.49.99.121.827.2
Gross external loan debt, mainland-Norway1.0-1.10.93.74.84.1

Source: Statistics Norway

Figure 1. The credit indicator C3. 12-month growth

Total gross debt amounted to NOK 5 625 billion at end-March, up from NOK 5 609 billion at end-February.

Mainland Norway’s gross debt accounted for 87 per cent of the total gross debt at end-March. This amounted to NOK 4 879 billion, up from NOK 4 857 billion at end-February.

Stronger foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 206 billion at end-March, marginally down from NOK 1 207 billion the previous month. The twelve-month growth increased from 1.5 per cent to end-February to 6.1 per cent to end-March.

Mainland Norway accounted for 53 per cent of the public gross foreign debt, which amounted to NOK 636 billion at end-March. The twelve-month growth in mainland Norway’s foreign debt was 1.0 per cent to end-March, up from -1.1 per cent to end-February. The increase in mainland Norway’s foreign debt stemmed from long-term debt.

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 569 billion at end-March. The twelve-month growth was 12.4 per cent to end-March, up from 4.4 per cent to end-February. The increase in the twelve-month growth rate for the offshore industries stemmed from short-term debt.

Weaker domestic debt growth in March

The credit indicator (C2) amounted to NOK 4 419 billion at end-March. The twelve-month growth was 5.7 per cent to end-March, moderately down from 5.8 per cent the month before. The debt growth in non-financial corporations was 3.2 per cent to end-March, while the growth in household debt was 6.9 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt fell to 5.6 per cent to end-April.

Revised data for the foreign debtOpen and readClose

Transactions and growth rates for the foreign debt have been adjusted as a result of corrections within the period January 2013-January 2014.