Statistikk innhold

Statistics on

Financial accounts

The financial accounts are designed to provide a comprehensive and consistent survey of institutional sectors’ financial assets, liabilities and financial transactions.

Updated: 3 September 2026
Next update: 3 December 2026

Selected figures from these statistics

  • Financial accounts for households. Key figures. Billion NOK and percentage
    Financial accounts for households. Key figures. Billion NOK and percentage
    2nd quarter 20253rd quarter 20254th quarter 20251st quarter 20262nd quarter 2026
    Assets7 9028 0408 1788 2338 581
    Liabilities4 8594 8924 9844 9465 003
    Net financial assets3 0433 1483 1933 2873 579
    Net lending57-15-87772
    Other changes1541205418219
    Debt to income ratio1 208.2208.6208.2205.6203.0
    Debt growth (per cent)1 4.54.64.83.83.0
    1Seasonal adjusted
    Explanation of symbols
  • Financial assets, liablilities and net lending by institutional sectors. Last period. NOK million.
    Financial assets, liablilities and net lending by institutional sectors. Last period. NOK million.
    2nd quarter 2026
    Non-financial corporations1 Financial corporationsGeneral governmentHouseholds & NPISHRest of the world
    Net finanical assets-6 877 877637 39225 264 7283 771 379-22 795 622
    Assets12 703 46420 801 44529 480 7978 811 36512 962 606
    Cash and currency, etc.4 68377 97095628 41369 658
    Deposits1 215 1351 460 316558 5062 121 0941 991 078
    Debt securities305 1643 639 6426 351 19216 6093 781 034
    Loans3 710 5088 927 3822 593 903154 9082 940 797
    Equity5 070 7453 726 33019 018 4502 372 3853 189 950
    Investment fund shares or units284 1402 291 50325 703866 874150 961
    Insurance and pension entitlements73 61738 90392 2262 928 53259 500
    Other accounts receivable2 030 554366 126811 969315 471569 332
    Liabilities19 581 34120 164 0534 216 0695 039 98635 758 228
    Cash and currency, etc.0106 3140075 366
    Deposits06 209 582001 136 547
    Debt securities1 235 9673 590 2161 012 9983 9398 250 521
    Loans6 444 6801 287 9192 618 7644 921 7563 054 379
    Equity9 604 4242 626 9850021 146 452
    Investment fund shares or units02 636 90200982 279
    Insurance and pension entitlements03 164 4560028 322
    Other accounts payable2 255 034287 407556 740114 230880 041
    Net lending, sum 4 last quarters-293 475321 864620 445141 877-790 711
    1Including reconciliation sector
    Explanation of symbols
  • Households' financial assets, liabilities and net lending. NOK million.
    Households' financial assets, liabilities and net lending. NOK million.
    2nd quarter 20253rd quarter 20254th quarter 20251st quarter 20262nd quarter 2026
    Net financial assets3 042 6343 147 7613 193 2523 287 4503 578 543
    Assets7 902 0848 040 0358 177 7088 233 4168 581 488
    Cash and currency28 38528 09628 41327 52927 768
    Deposits1 900 3521 885 9681 889 2641 945 5802 021 817
    Debt securities9 1159 1349 0459 1498 874
    Loans152 452153 156153 663154 274154 908
    Equity2 210 5162 234 8152 268 9502 300 3162 312 852
    Investment fund shares or units643 620689 237742 538726 310815 692
    Insurance and pension entitilements2 606 3522 692 3442 713 5762 739 2302 928 454
    Other accounts receivable345 078341 228366 330324 192304 266
    Liabilities4 859 4504 892 2744 984 4564 945 9665 002 945
    Loans4 672 7644 734 1074 788 3294 820 3124 888 699
    Other accounts payable186 603158 093196 053125 586114 189
    Net lending56 897-14 663-8 07476 56871 717
    Explanation of symbols
  • Interlinkages of creditor and debtors. Loan. NOK million.
    Interlinkages of creditor and debtors. Loan. NOK million.
    2nd quarter 2026
    Debtor sector
    Non-financial corporations1 Financial corporationsGeneral governmentHouseholds & NIPSHRest of the world
    Creditor sector
    Assets
    Non-financial corporations1 3 122 6074 14612 29918 645552 811
    Financial corporations2 175 103640 311607 0694 692 617812 282
    General government47 339535 874133 578187 8261 689 286
    Households & NIPSH142 63512 2631000
    Rest of the world956 99695 3251 865 80822 6680
    Flows
    Non-financial corporations1 07741610059 638
    Financial corporations28 87165 6712 83267 866-61 276
    General government-5577 68201 152665 135
    Households & NIPSH500133000
    Rest of the world19 493-1 450663 31000
    1Including reconciliation sector.
    Explanation of symbols
  • Interlinkages of creditors and debtors. Debt securities. NOK million.
    Interlinkages of creditors and debtors. Debt securities. NOK million.
    2nd quarter 2026
    Debtor sector
    Non-financial corporations1 Financial corporationsGeneral governmentRest of the world
    Creditor sector
    Stocks
    Non-financial corporations1 40 37817 66415 593231 529
    Financial corporations296 0271 063 292406 0591 870 325
    General government39 37571 38495 0796 145 354
    Household & NIPSH5 0688 0242043 313
    Rest of the world855 1192 429 852496 0630
    Flows
    Non-financial corporations1 2 008-1 739-11 32741 648
    Financial corporations18 80566 56114 32428 579
    General government73411810 292246 522
    Household & NIPSH104264-23-192
    Rest of the world22 264-25 30717 9260
    1Including reconciliation sector.
    Explanation of symbols
  • Interlinkages of creditors and debtors. Listed and unlisted shares. NOK million.
    Interlinkages of creditors and debtors. Listed and unlisted shares. NOK million.
    2nd quarter 2026
    Issuing sector
    Non-financial corporations1 Financial corporationsRest of the world
    Holding sector
    Stocks
    Non-financial corporations1 3 187 485170 1551 551 923
    Financial corporations851 312692 0882 108 302
    General government1 168 431254 60016 874 427
    Households & NIPSH1 462 438352 724136 443
    Rest of the world2 414 796600 9050
    Flows
    Non-financial corporations1 3 3685 04958 821
    Financial corporations12 033-3 67472 165
    General government-3 527-4 726-62
    Households & NIPSH4 0231 135-853
    Rest of the world-31 0015190
    1Including reconciliation sector.
    Explanation of symbols
  • Domestic sectors' financial assets and liabilities towards the rest of the world. Last period. NOK million.
    Domestic sectors' financial assets and liabilities towards the rest of the world. Last period. NOK million.
    2nd quarter 2026
    Non-financial corporations1 Financial corporationsGeneral governmentHouseholds & NIPSHSum domestic sectors
    Net financial assets-1 436 0491 298 87922 297 424635 36922 795 622
    Assets3 173 8806 971 45624 954 856658 03735 758 228
    Cash and currency, etc.075 3660075 366
    Deposits62 9311 028 55126 18018 8851 136 547
    Debt securities231 5291 870 3256 145 3543 3138 250 521
    Loans552 811812 2821 689 28603 054 379
    Equity1 639 9592 110 94016 877 030518 52221 146 452
    Investment fund shares or units106 462753 3895 111117 317982 279
    Insurance and pension entitlements028 3220028 322
    Other accounts receivable576 978117 751185 3120880 041
    Liabilities4 609 9295 672 5772 657 43222 66812 962 606
    Cash and currency, etc.069 6580069 658
    Deposits01 991 078001 991 078
    Debt securities855 1192 429 852496 06303 781 034
    Loans956 99695 3251 865 80822 6682 940 797
    Equity2 589 045600 905003 189 950
    Investment fund shares or units0150 96100150 961
    Insurance and pension entitlements059 5000059 500
    Other accounts payable179 783120 602268 9470569 332
    1Including reconciliation sector.
    Explanation of symbols

About the statistics

The information under «About the statistics» was last updated 13 October 2025.

1. Net lending defined in non-financial accounts (capital account) =

saving + net capital transfers - net acquisition of non-financial assets

2. Net lending defined in financial accounts =

net acquisition of financial assets - net incurrence of liabilities

Savings is non-consumed income and can be invested in financial or non-financial assets. If savings exceed non-financial investments, a sector has surplus of funds and becomes a net lender to other sectors. In the financial transaction account, this means that the sector acquire more financial assets than liabilities. On the other hand, if savings are less than non-financial investments, investments have to be funded either by selling financial assets or incurring debts. For example, household investments in non-financial assets mainly reflect the purchase of new housing and fixed investments by unincorporated enterprises. They typically finance substantial parts of these investments by incurring debt in the form of loans.

Net financial assets (net financial wealth) = total financial assets - total liabilities

The financial balance sheet shows the financial position of a sector at the end of the reference period and is broken down into categories of financial assets and liabilities. The predominant assets held by for example the households, are insurance technical reserves, currency and deposits, while loans provided by financial corporations (banks etc) constitute the main proportion of liabilities.

Changes in net financial asset = net lending + other changes in assets and liabilities

The change in the financial balance sheet during the reference period is a result of accumulated financial transactions and other changes in assets. The latter category mainly reflects revaluations due to changes in market prices of financial instruments.

Accounting system

The accounting system provides the framework and contents required for compiling national accounts statistics. In the system, each financial asset has a counterpart liability. This is reflected by the data structure of the financial accounts which is three-dimensional; creditor sector * debtor sector * financial instrument.

Institutional sector classification

Each institutional sector comprises institutional units with broadly similar behaviour. The institutional units are grouped into mutually exclusive institutional sectors on the basis of economic activity, organisational structure and ownership. Institutional units are autonomous entities that are capable, in their own right, of owning assets, incurring liabilities and engaging in economic activities and in transactions with other entities. In most cases, the institutional unit is identical to the legal unit or persons or groups of persons in the form of households.

The institutional sector classification in the financial accounts is based on the recommendations of the SNA 2008 and ESA 2010. The main sectors of the system are detailed below:

1 Total economy

The total economy of a country consists of all institutional units having their centre of predominant economic interest in the economic territory of that country. Such units are known as resident units, irrespective of nationality and legal form.

Branches and other establishments of Norwegian corporations abroad are not included. See rest of world.

11 Non-financial corporations

The sector covers institutional units engaged in the market production of non-financial products and services.

The reconciliation sector, which shows the inconsistencies between debtor and creditor sector information and sometimes the inconsistencies between the financial accounts and the non-financial accounts, is treated as a separate sector in the working databases in the financial accounts. The data for the reconciliation sector has been added to the non-financial corporation sector in the publications and the reports to Eurostat and OECD.

12 Financial corporations

The sector covers institutional units engaged the market production of financial services and in financial activities. The sector comprise entities that are credit intermediaries or offer insurance products and services, mutual funds, financial holding companies, but also entities whose main activities are financial auxiliary services (e. g. brokerage services, fund management services, financial register services etc.). The main sector is divided into the following sub-sectors:

  • 121 Norges Bank
  • 1221 Banks
  • 1222 Mortgage companies
  • 123 Money market funds
  • 124 Non-MMF investment funds
  • 125-127 Other financial corporations
  • 128-129 Life insurance corporations, non-life insurance corporations and pension funds

The aggregate sector 125-127 Other financial corporations consists of finance companies, financial holding companies, financial auxiliaries, state lending institutions, state investment companies and other investment companies.

124 Non-MMF investment funds include alternative investments funds (AIF) from the year 2012. Before that the AIFs are included in 125-127 Other financial corporations.

13 General government

The sector covers all state, municipal and county municipal administrative bodies. The Government Pension Fund - Global (previously known as Petroleum Fund) and The Government Pension Fund - Norway (previously known as the National Insurance Scheme Fund) are also included. Non-financial and financial corporations controlled by government are not included.

In addition to carrying out political responsibilities, the general government sector provides and enforces regulations, produces public services (mainly non-market) and redistributes income and wealth. The general government sector has tax revenues, property income and borrowed capital at its disposal. The main sector is divided into the following sub-sectors:

  • 131 Central government
  • 133 Local government

14 Households

The households sector covers wage-earners, retirees, recipients of national insurance benefits, unincorporated enterprises and tenant-owner’s associations etc. The households consume goods and services, supplies labour and as entrepreneurs, supplies the production of market goods and services. The sector comprises the “consumers of the economy´´. Total consumption expenditure is partly financed by the households themselves, partly by general government and partly by non-profit institutions serving households. The households also produces goods and services for their own consumption. The services related to housing is the largest part of the self-produced, self-consumed service. Because the property in tenant-owner’s associations are considered as owner-tenant properties, the tenant-owner associations are included in the households sector.

15 Non-profit institutions serving households (NPISH)

NPISHs consist of non-profit institutions that are separate legal entities, which serve households and which are principally engaged in the production of non-market goods and services intended for households. Their main resources, apart from those derived from occasional sales, are transfers from general government, voluntary contributions by households and corporations, and property income.

2 Rest of the world

This institutional sector includes all non-resident institutional units that enter into transactions with resident units, or have other economic links with resident units. This includes:

  • Non-resident institutional units controlled by foreign or Norwegian corporations.
  • Natural persons who are permanent resident abroad (including Norwegian citizens)
  • Staff of foreign embassies, foreign embassies and consulates and in Norway

The classification of financial assets and liabilities

The financial accounts include a limited number of financial instrument groups with detailed claims and debt items in the balance sheets of institutional units. The financial instrument links one entity claim to another sector’s debt items. The financial instruments are grouped in claim and debt items with similar economic functions. For example, the payment function is characteristic of coins, notes and salary accounts, while credit is procured through different types of loans. In addition, the liquidity ratio has been the determinant factor for the ranking of financial assets in the classification.

Classification of financial assets and liabilities in the financial accounts is based on the recommendations of the SNA 2008 and ESA 2010. The classifications are described below:

AF1 Monetary gold and drawing rights (SDR)

Comprise gold and special drawing rights (SDRs). Norges Bank sold the rest of its gold reserves in 2004. Before that gold was a very small proportion of the banks total reserves. As a simplification gold is therefore excluded from the financial accounts for the whole period from 1995.

AF2 Currency and deposits

Comprise Norwegian and foreign notes and coins, all types of deposits with commercial banks and savings banks, Norges Bank and foreign banks. The net reserves position with the IMF is also included. The financial accounts distinguish between the following types of detailed financial instruments:

  • Currency
  • Transferable deposits
  • Other deposits

AF3 Dept securities

Comprise short and long-term securities. Short-term securities is defined as negotiable securities with original maturity of maximum one year, while long-term securities comprise instruments defined as tradable standardised debentures with original maturity of more than one year. The financial accounts distinguish between the following types of detailed financial instruments:

  • Short-term securities
  • Long-term securities

AF4 Loans

This financial instrument includes lending forms other than tradable debentures and certificates and is mainly quantified on the basis of the specifications in accounting statistics for financial corporations. The financial accounts distinguish between the following types of detailed financial instruments:

  • Short-term loans
  • Long-term loans

AF5 Shares and other equity

The instrument includes ordinary shares in limited liability companies, shares in general partnerships and shares in mutual funds. Shares in foreign companies are also included. Furthermore, the instrument includes tradable Norwegian equity certificates and general government capital contributions in public enterprises and the state lending institutions. As from Q4 2021 the Equity certificates are included in Quoted shares. Before Q4 2021 the instrument is included in Other equity. The financial accounts distinguish between the following types of detailed financial instruments:

  • Quoted shares
  • Unquoted shares
  • Other equity
  • Mutual funds shares

AF6 Insurance technical reserves

The instrument includes individual insurance savings and group insurance savings in private life insurance companies and total capital in autonomous municipal and private pension funds. Prepayments of premiums and reserves against outstanding claims in non-life insurance companies are also included. The financial accounts distinguish between the following types of detailed financial instruments:

  • Non-life insurance technical reserves
  • Life insurance and annuity entitlements
  • Pension entitlements - defined contribution
  • Pension entitlements - defined benefit
  • Claims of pension funds on pension managers

AF7 Financial derivatives and employee stock options

The instrument financial derivatives consists of several types of derivatives and employee stock options. There is a weak source base for compiling transactions. Therefore transactions in AF7 is sometimes adjusted and used for net lending balancing purposes.

AF8 Other accounts receivable/payable

Comprise claims and debt that is due to differences in timing between transactions and payments. For example deferred tax claims/liabilities and unsettled trades of financial instruments. Dwellings held by Norwegian residents in the rest of the world are recorded on AF8, and also Norwegian dwellings held by non-residents. Transactions in AF8 is sometimes adjusted and used for net lending balancing purposes.

Relatert innhold