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Published:
This is an archived release.
Stronger total loan debt growth
The twelve-month growth in total gross debt (C3) was 4.2 per cent to end-December 2015, up from 2.6 per cent the previous month. The increase stemmed from foreign debt sources.

Total gross debt amounted to NOK 6 414 billion at end-December last year, up from NOK 6 399 billion at end-November.
Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-December. This amounted to NOK 5 484 billion.
Stronger foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 501 billion at end-December, marginally up from NOK 1 500 billion the previous month. The twelve-month growth increased from -6.0 per cent to end-November to 0.2 per cent to end-December.
Mainland Norway accounted for 49 per cent of the public gross foreign debt, which amounted to NOK 738 billion at end-December. The twelve-month growth in mainland Norway’s foreign debt was -0.5 per cent to end-December, down from 3.9 per cent to end-November.
Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 763 billion at end-December. The twelve-month growth was 1.0 per cent to end-December, up from -14.6 per cent to end-November.
The increased foreign debt growth stemmed from short-term loan debt.
Unchanged domestic debt growth in December
The general public gross domestic loan debt (C2) amounted to NOK 4 913 billion at end-December. The twelve-month growth was 5.4 per cent to end-December, unchanged from the month before. The debt growth for non-financial corporations was 3.5 per cent from end-December 2014 to end-December 2015, while the growth in household debt was 6.1 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt decreased to 5.3 per cent to end-January 2016.
The statistics is now published as Credit indicator.
Contact
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Statistics Norway's Information Centre
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