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/en/utenriksokonomi/statistikker/betalstr/arkiv
10282
Reduced settlement flows
statistikk
2010-05-12T10:00:00.000Z
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, Q1 2010

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Reduced settlement flows

In the first quarter of 2010 the outgoing settlements from Norwegian banks ended at NOK 320 billion. For the same period, the total value of incoming settlements was NOK 313 billion.

From the 4th quarter of 2009 to the 1st quarter of 2010, the total values decreased for both the incoming and outgoing settlements between Norway and abroad. The outgoing settlements ended at slightly less than NOK 320 billion in the first quarter of 2010. This was a decrease of NOK 30.6 billion or 8.7 per cent from the previous quarter. The incoming settlements decreased by NOK 45.9 billion or 12.8 per cent, ending at somewhat more than NOK 313 billion in the first quarter of 2010.

The decline in transactions from the EU countries, excluding the Nordic region, accounted for the drop in value for the incoming settlements in the first quarter. Compared with the fourth quarter of 2009, there have been some changes in the country distribution. The incoming settlements from the non-Nordic EU countries have declined by NOK 50.6 billion or 28 per cent compared with the fourth quarter of 2009. In the opposite direction, both the Nordic countries and North and Central America showed an increase in the first quarter of 2010 for the incoming settlements by NOK 7.4 and 2.2 billion respectively.

In the first quarter of 2010, the outgoing settlements to the non-Nordic EU countries was NOK 46.1 billion or 27 per cent less than in the 4th quarter of 2009. Both the Nordic countries and North and Central America showed increased values of outgoing settlements, with NOK 11.7 and 5.7 billion respectively.

Incoming and outgoing cross border settlements through Norwegian banks Q1 2010
  Incoming cross border settlements through Norwegian banks Q1 2010
  Number of settlements Per cent NOK million Per cent
Total  588 141  100.0  313 011  100.0
The Nordic countries  329 478 56.0  120 719 38.6
Rest of the EU  176 210 30.0  131 254 41.9
Rest of Europe 12 701 2.2 4 123 1.3
Africa 1 583 0.3  814 0.3
Asia 16 989 2.9 12 935 4.1
North and Central America 47 405 8.1 40 666 13.0
South America 1 356 0.2 1 141 0.4
Oceania 2 419 0.4 1 358 0.4
  Outgoing cross border settlements through Norwegian banks Q1 2010
  Number of settlements Per cent NOK million Per cent
Total 1 342 522  100.0  319 614  100.0
The Nordic countries  556 982 41.5  127 454 39.9
Rest of the EU  519 528 38.7  125 207 39.2
Rest of Europe 38 747 2.9 11 894 3.7
Africa 14 270 1.1 1 720 0.5
Asia  110 907 8.3 21 484 6.7
North and Central America 87 519 6.5 28 736 9.0
South America 6 731 0.5 1 486 0.5
Oceania 7 838 0.6 1 633 0.5

Decline in settlements to the manufacturing industry, increase to the electricity, gas and water supply industry

Both the incoming and outgoing settlements for the manufacturing industry ended at about NOK 100 billion in the first quarter of 2010, and both showed a decline compared with the last quarter of 2009. The incoming settlement was NOK 50 billion or 34 per cent lower. For the outgoing settlements the drop was NOK 40 billion or 28 per cent

The transfer of settlements for the first quarter of 2010 between the Norwegian electricity, gas and water supply and abroad showed an increase for both incoming and outgoing settlements compared with the fourth quarter of 2009. The incoming settlements increased by 77 per cent or slightly more than NOK 15.6 billion. The total value of these settlements was NOK 36 billion in the first quarter of 2010. The outgoing settlements for this industry totalled slightly more than NOK 41 billion in the first quarter this year. Compared with the previous quarter, this is an increase of NOK 17.4 billion or 73 per cent.

Figures for 1 quarter 2010, by industry
Section Incoming settlements Outgoing settlements
NOK million Per cent NOK million Per cent
Total  309 559  100.0  313 508  100.0
Agriculture, hunting and forestry 14 0.0  137 0.0
Fishing 4 198 1.4 2 010 0.6
Mining and quarrying 58 697 19.0 28 857 9.2
Manufactoring 99 262 32.1  100 905 32.2
Electricity, gas and water supply 35 885 11.6 41 428 13.2
Construction 2 080 0.7 1 836 0.6
Wholesale and retail trade 33 052 10.7 63 542 20.3
Hotels and restaurants  199 0.1  394 0.1
Transport, storage and communication 42 816 13.8 39 438 12.6
Real estate, renting and buiness activities 26 008 8.4 23 432 7.5
Public administration 2 993 1.0 5 118 1.6
Education  165 0.1  357 0.1
Health and social work  394 0.1 1 318 0.4
Other community, social and personal service activities 1 368 0.4 2 259 0.7
Private households with employed persons 0 0.0 0 0.0
Extra-territorial organizations and bodies 76 0.0 30 0.0
Missing 2 352 0.8 2 446 0.8

Incoming settlement somewhat lower than outgoing

In the first quarter of 2010, the total value of incoming settlements was 2.1 per cent lower than the outgoing settlements. A similar comparison in 2009 showed larger incoming than outgoing settlements for all the quarters, with greater differences in the first half-year.

Change of incoming versus outgoing settlements in Q1 2010 and Q4 and Q3 and Q2 and Q1 2009. Per cent
  1. quarter 2010 4. quarter 2009 3. quarter 2009 2. quarter 2009 1. quarter 2009
Total -2.1 2.5 0.2 12.2 5.8
The Nordic countries -5.3 -2.1 6.8 16.2 7.8
Rest of the EU 4.8 6.1 -1.0 11.3 10.0
Rest of Europe -65.3 -65.5 -71.2 -60.3 -63.5
Africa -52.7 -66.9 -57.9 -46.1 -53.3
Asia -39.8 -14.2 -29.1 -17.8 -35.7
North and Central America 41.5 67.1 18.6 66.6 53.6
South America -23.2 -22.2 -5.4 23.0 -48.9
Oceania -16.9 -30.4 -13.6 -30.6 -32.1

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 .