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Published:
This is an archived release.
Increase in total debt growth
The twelve-month growth in total gross debt (C3) was 6.3 per cent to end-May, up from 5.0 per cent the previous month. The increase stemmed from both domestic and foreign debt sources.
| May 2015 | April 2015 | March 2015 | February 2015 | January 2015 | December 2014 | |
|---|---|---|---|---|---|---|
| Total gross debt (C3) | 6.3 | 5.0 | 6.4 | 5.9 | 5.5 | 5.2 |
| Total gross loan debt, offshore ind. | 7.0 | 1.3 | 10.9 | 8.2 | 5.1 | 3.0 |
| Total gross loan debt, mainland-Norway | 6.2 | 5.6 | 5.7 | 5.6 | 5.6 | 5.6 |
| Domestic gross debt (C2) | 5.9 | 5.7 | 5.8 | 5.5 | 5.6 | 5.4 |
| Gross external loan debt | 7.6 | 2.6 | 8.7 | 7.5 | 5.1 | 4.6 |
| Gross external loan debt, offshore ind. | 8.4 | 1.1 | 13.2 | 9.9 | 5.6 | 3.8 |
| Gross external loan debt, mainland-Norway | 6.9 | 4.1 | 4.7 | 5.2 | 4.7 | 5.4 |
Total gross debt amounted to NOK 6 264 billion at end-May, up from NOK 6 155 billion at end-April.
Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-May. This amounted to NOK 5 331 billion.
Increased foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 497 billion at end-May, up from NOK 1 432 billion the previous month. The twelve-month growth increased from 2.6 per cent to end-April to 7.6 per cent to end-May.
Mainland Norway accounted for 48 per cent of the public gross foreign debt, which amounted to NOK 726 billion at end-May. The twelve-month growth in mainland Norway’s foreign debt was 6.9 per cent to end-May, up from 4.1 per cent to end-April. The increase in mainland Norway’s foreign debt growth stemmed from both long-term and short-term debt.
Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 771 billion at end-May. The twelve-month growth was 8.4 per cent to end-May, up from 1.1 per cent to end-April. The increase in the twelve-month growth rate for the offshore industries stemmed from long-term and short-term debt.
Increased domestic debt growth in May
The credit indicator (C2) amounted to NOK 4 767 billion at end-May. The twelve-month growth was 5.9 per cent to end-May, up from 5.7 per cent the month before. The debt growth for non-financial corporations was 4.4 per cent from end-May 2014 to end-May 2015, while the growth in household debt was 6.4 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt decreased to 5.8 per cent to end-June 2015.
The statistics is now published as Credit indicator.
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Statistics Norway's Information Centre
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