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Published:
This is an archived release.
As from 23 September, all of Statistics Norway’s statistics will be released at 8 am.
Stronger total loan debt growth
The twelve-month growth in total gross debt (C3) was 3.9 per cent to end-June 2016, up from 3.2 per cent the previous month.
| January 2016 | February 2016 | March 2016 | April 2016 | May 2016 | June 2016 | |
|---|---|---|---|---|---|---|
| Total gross debt (C3) | 3.3 | 2.9 | 4.0 | 4.0 | 3.2 | 3.9 |
| Total gross loan debt, offshore ind. | -5.1 | -7.1 | 0.1 | 0.0 | -4.0 | 3.6 |
| Total gross loan debt, mainland-Norway | 4.7 | 4.7 | 4.7 | 4.7 | 4.4 | 4.0 |
| Domestic gross debt (C2) | 5.3 | 5.2 | 5.0 | 5.1 | 4.8 | 5.0 |
| Gross external loan debt | -2.9 | -4.3 | 1.0 | 0.6 | -1.9 | 0.7 |
| Gross external loan debt, offshore ind. | -5.8 | -7.9 | 1.3 | 0.9 | -3.9 | 4.9 |
| Gross external loan debt, mainland-Norway | 0.0 | -0.6 | 0.7 | 0.3 | 0.1 | -3.6 |
Total gross debt amounted to NOK 6 622 billion at end-June, up from NOK 6 530 billion at end-May.
Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-June. This amounted to NOK 5 614 billion.
Increase in foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 580 billion at end-June, up from NOK 1 517 billion the previous month. The twelve-month growth increased from -0.9 per cent to end-May to 0.7 per cent to end-June.
Mainland Norway accounted for 46 per cent of the public gross foreign debt, which amounted to NOK 734 billion at end-June. The twelve-month growth in mainland Norway’s foreign debt was -3.6 per cent to end-June, down from 0.1 end-May.
Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 845 billion at end-June. The twelve-month growth was 4.9 per cent to end-June, up from -3.9 per cent to end-May.
The increased foreign debt growth stemmed from both short and long-term loan debt.
Stronger domestic debt growth
The credit indicator (C2) amounted to NOK 5 042 billion at end-June. The twelve-month growth was 5.0 per cent to end-June, up from 4.8 per cent the month before. The debt growth in non-financial corporations was 3.0 per cent to end-June, while the growth in household debt was 6.0 per cent in the same period. The C2 statistics show that the twelve-month growth in the general public domestic debt remained unchanged at 5.0 per cent to end-July.
The statistics is now published as Credit indicator.
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