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/en/utenriksokonomi/statistikker/betalstr/arkiv
10286
Balance in settlement flows
statistikk
2009-11-20T10:00:00.000Z
External economy;External economy
en
betalstr, Cash flows between Norway and abroad, register of Cross Borders and Transactions and Currency Exchange, banking transactions (for non-financial enterprises and private individuals), incoming and outgoing payments, country areas, main business sectors (for example manufacturing, electricity and water supply, fishing)Balance of payments, Foreign assets and liabilities , External economy
false

Cash flows between Norway and abroad, Q3 2009

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Balance in settlement flows

In the third quarter of 2009 the outgoing settlements from Norwegian banks ended at almost NOK 348 billion. The total value of incoming settlements for the same period was slightly more than NOK 348 billion.

The total value of both incoming and outgoing settlements between Norway and abroad increased in the third quarter of 2009 compared with the second quarter. The outgoing settlements ended at almost NOK 348 billion; an increase of 16 per cent from the second quarter. The incoming settlements increased by 4 per cent from the second quarter of 2009, ending at somewhat more than NOK 348 billion in the third quarter.

The increase in transactions both to and from North and Central America was the main reason for the rising settlement flows. The incoming settlements from this area expanded by almost NOK 26 billion, or 66 per cent, compared with the second quarter. From North and Central America the outgoing settlements showed a growth of almost NOK 32 billion. This is a 133 per cent growth in value.

Incoming cross border settlements through Norwegian banks Q3 2009
  Number of settlements Percent NOK million Percent
Total  558 186  100.0  348 268  100.0
The Nordic countries  307 307 55.1  127 682 36.7
Rest of the EU  180 230 32.3  132 315 38.0
Rest of Europe 13 072 2.3 3 475 1.0
Africa 1 547 0.3  898 0.3
Asia 17 125 3.1 15 469 4.4
North and Central America 35 308 6.3 65 504 18.8
South America 1 168 0.2 1 404 0.4
Oceania 2 429 0.4 1 521 0.4
Outgoing cross border settlements through Norwegian banks Q3 2009
  Number of settlements Percent NOK million Percent
Total 1 298 583  100.0  347 638  100.0
The Nordic countries  536 854 41.3  119 501 34.4
Rest of the EU  495 253 38.1  133 648 38.4
Rest of Europe 36 380 2.8 12 083 3.5
Africa 13 765 1.1 2 133 0.6
Asia  111 729 8.6 21 819 6.3
North and Central America 90 031 6.9 55 209 15.9
South America 6 975 0.5 1 484 0.4
Oceania 7 596 0.6 1 761 0.5

Continued growth in the mining and quarrying industry

In the third quarter, as for the second quarter, there was an increase in settlements to and from the mining and quarrying industry compared with previous quarters. The incoming settlements for this industry increased by almost 27 per cent, or close to NOK 21 billion from the second to the third quarter. With regard to outgoing settlements, there was an increase of 122 per cent, or somewhat more than NOK 32 billion.

The transfer of settlements between the manufacturing industry in Norway and abroad showed a decrease for incoming settlements, while the outgoing settlements increased compared with the second quarter of 2009. The incoming settlements fell by 5 per cent or slightly more than NOK 6 billion. The total value of these settlements was almost NOK 119 billion. This total for the manufacturing industry is the lowest registered so far for these statistics. The outgoing settlements for the manufacturing industry totalled slightly more than NOK 112 billion in the third quarter. Compared with the second quarter this year, this is an increase of almost NOK 4 billion, or 3 per cent.

Figures for 3 quarter 2009, by industry
Section Incoming settlements Outgoing settlements
NOK million Per cent NOK million Per cent
Total  345 319  100.0  341 307  100.0
Agriculture, hunting and forestry 18 0.0  182 0.1
Fishing 4 061 1.2 2 014 0.6
Mining and quarrying 98 268 28.5 58 829 17.2
Manufactoring  118 975 34.5  112 328 32.9
Electricity, gas and water supply 19 594 5.7 22 205 6.5
Construction  843 0.2 1 810 0.5
Wholesale and retail trade 33 260 9.6 68 133 20.0
Hotels and restaurants  450 0.1  436 0.1
Transport, storage and communication 35 828 10.4 35 210 10.3
Real estate, renting and buiness activities 25 936 7.5 29 463 8.6
Public administration 5 664 1.6 6 198 1.8
Education  253 0.1  322 0.1
Health and social work  517 0.1 1 607 0.5
Other community, social and personal service activities  997 0.3 2 134 0.6
Private households with employed persons 0 0.0 0 0.0
Extra-territorial organizations and bodies 77 0.0 92 0.0
Missing  578 0.2  343 0.1

Incoming settlement marginally higher value than outgoing

In the third quarter of 2009, the incoming settlements were only marginally higher than the outgoing. The differences were greater in the first two quarters this year when comparing incoming and outgoing settlements.

Change of incoming versus outgoing settlements in Q3 and Q2 and Q1 2009 and Q4 and Q3 and 2008. Per cent
  3. quarter 2009 2. quarter 2009 1. quarter 2009 4. quarter 2008 3. quarter 2008
Total 0.2 12.2 5.8 -9.1 28.6
The Nordic countries 6.8 16.2 7.8 -5.2 34.1
Rest of the EU -1.0 11.3 10.0 -1.2 32.4
Rest of Europe -71.2 -60.3 -63.5 -65.7 -55.0
Africa -57.9 -46.1 -53.3 -90.5 -29.8
Asia -29.1 -17.8 -35.7 -41.5 31.5
North and Central America 18.6 66.6 53.6 13.0 38.4
South America -5.4 23.0 -48.9 -58.4 -54.6
Oceania -13.6 -30.6 -32.1 -47.7 4.3

The majority of settlements in the Register of Cross Border Transactions and Currency Exchange are transferred via commercial banks. The use abroad of credit cards issued in Norway and the use in Norway of credit cards issued abroad are also registered. Unless otherwise stated, the statistics only cover payments via commercial banks.

The statistics show the extent of cross border payments between individuals or enterprises in Norway and foreign individuals or enterprises. Financial enterprises are not included in the statistics. More details about delimitation and important terms are available in About the statistics .