249818_not-searchable
/en/bank-og-finansmarked/statistikker/k3/maaned
249818
Weaker total loan debt growth
statistikk
2016-08-12T10:00:00.000Z
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 C3May 2016

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As from 23 September, all of Statistics Norway’s statistics will be released at 8 am.

Weaker total loan debt growth

The twelve-month growth in total gross debt (C3) was 3.0 per cent to end-May 2016, down from 3.8 per cent the previous month.

Total gross debt (C3). Twelve-month growth. Per cent
December 2015January 2016February 2016March 2016April 2016May 2016
Total gross debt (C3)4.53.22.83.83.83.0
Total gross loan debt, offshore ind.1.1-5.8-7.8-1.0-1.2-4.9
Total gross loan debt, mainland-Norway5.14.84.74.64.64.4
Domestic gross debt (C2)5.45.35.25.05.14.8
Gross external loan debt1.8-3.4-4.70.1-0.3-2.6
Gross external loan debt, offshore ind.1.6-6.7-8.8-0.1-0.5-5.1
Gross external loan debt, mainland-Norway2.00.0-0.50.20.00.0
Figure 1. The credit indicator C3. 12-month growth

Total gross debt amounted to NOK 6 510 billion at end-May, up from NOK 6 451 billion at end-April. 

Mainland Norway’s gross debt accounted for 86 per cent of the total gross debt at end-May. This amounted to NOK 5 591 billion.

Decrease in foreign debt growth

The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 498 billion at end-May, up from NOK 1 472 billion the previous month. The twelve-month growth decreased from -0.3 per cent to end-April to -2.6 per cent to end-May.

Mainland Norway accounted for 50 per cent of the public gross foreign debt, which amounted to NOK 742 billion at end-May. The twelve-month growth in mainland Norway’s foreign debt was 0.0 per cent to end-May, unchanged from end-April. 

Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 756 billion at end-May. The twelve-month growth was -5.1 per cent to end-May, down from –0.5 per cent to end-April. 

The decreased foreign debt growth stemmed from short-term loan debt.

Reduced domestic debt growth

The credit indicator (C2) amounted to NOK 5 012 billion at end-May. The twelve-month growth was 4.8 per cent to end-May, down from 5.1 per cent the month before. The debt growth in non-financial corporations was 2.6 per cent to end-May, while the growth in household debt was 5.8 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt rose to 4.9 per cent to end-June.