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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 4.1 per cent to end-August 2016, up from 3.4 per cent the previous month. The increase stemmed from foreign debt sources.
| March 2016 | April 2016 | May 2016 | June 2016 | July 2016 | August 2016 | |
|---|---|---|---|---|---|---|
| Total gross debt (C3) | 4.0 | 4.0 | 3.2 | 3.9 | 3.4 | 4.1 |
| Total gross loan debt, offshore ind. | 0.3 | 0.0 | -3.9 | 3.6 | 1.6 | 3.7 |
| Total gross loan debt, mainland-Norway | 4.6 | 4.7 | 4.4 | 4.0 | 3.7 | 4.2 |
| Domestic gross debt (C2) | 4.9 | 5.1 | 4.8 | 5.0 | 5.0 | 5.0 |
| Gross external loan debt | 1.0 | 0.6 | -1.9 | 0.7 | -1.5 | 1.5 |
| Gross external loan debt, offshore ind. | 1.3 | 0.9 | -3.9 | 4.9 | 2.8 | 5.5 |
| Gross external loan debt, mainland-Norway | 0.7 | 0.3 | 0.1 | -3.6 | -5.7 | -2.5 |
Total gross debt amounted to NOK 6 595 billion at end-August, down from NOK 6 603 billion at end-July.
Mainland Norway’s gross debt accounted for 85 per cent of the total gross debt at end-August. This amounted to NOK 5 632 billion.
Increase in foreign debt growth
The general public gross foreign debt, which mainly relates to non-financial corporations, amounted to NOK 1 529 billion at end-August, down from NOK 1 549 billion the previous month. The twelve-month growth increased from -1.5 per cent to end-July to 1.5 per cent to end-August.
Mainland Norway accounted for 48 per cent of the public gross foreign debt, which amounted to NOK 727 billion at end-August. The twelve-month growth in mainland Norway’s foreign debt was -2.5 per cent to end-August, up from -5.7 to end-July.
Offshore industries accounted for the remainder of the foreign debt, which amounted to NOK 802 billion at end-August. The twelve-month growth was 5.5 per cent to end-August, up from 2.8 per cent to end-July.
The statistics is now published as Credit indicator.
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Statistics Norway's Information Centre
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