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/en/utenriksokonomi/statistikker/betalstr/arkiv
10280
Increased incoming settlements
statistikk
2010-08-20T10:00:00.000Z
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, Q2 2010

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Increased incoming settlements

In the second quarter of 2010 the incoming settlements through Norwegian banks ended at NOK 349 billion. For the same period, the total value of outgoing settlements was NOK 317 billion.

From the first quarter to the second quarter of 2010 the total values of incoming settlements between Norway and abroad increased, while the outgoing ones showed a small decline. The incoming settlements ended at somewhat more than NOK 349 billion in the second quarter of 2010. This was an increase of slightly less than NOK 36 billion or 11.5 per cent from the previous quarter. The outgoing settlements ended at slightly more than NOK 317. This was a fall in value of just NOK 2.5 billion or 0.8 per cent compared with the first quarter.

The increase in transactions from the EU countries except the Nordic ones accounted for the growth in value for the incoming settlements in the second quarter. Compared with the first quarter this year, there have been some changes in the country distribution. The incoming settlements from the non-Nordic EU countries have gone up NOK 29.2 billion or 22 per cent. North and Central America showed expanded incoming settlements by NOK 6.5 billion, while the Nordic countries were the only major group of countries with reduced settlements - by NOK 2.5 billion.

For the outgoing settlements, the development in the country distribution was similar. The settlements to the Nordic countries were reduced by NOK 13.5 billion. In the opposite direction, both EU countries except the Nordic ones and North and Central America showed increased settlement flows in the second quarter, with NOK 7.9 and 2.3 billion respectively.

Incoming cross border settlements through Norwegian banks Q2 2010
  Incoming cross border settlements through Norwegian banks Q2 2010
  Number of settlements Percent NOK million Percent
Total  595 799  100.0  348 918  100.0
The Nordic countries  328 358 55.1  118 248 33.9
Rest of the EU  181 608 30.5  160 407 46.0
Rest of Europe 12 975 2.2 4 445 1.3
Africa 1 744 0.3 1 192 0.3
Asia 17 510 2.9 14 481 4.2
North- and Central America 49 616 8.3 47 215 13.5
South America 1 390 0.2 1 588 0.5
Oceania 2 598 0.4 1 342 0.4
  Outgoing cross border settlements through Norwegian banks Q2 2010
  Number of settlements Percent NOK million Percent
Total 1 383 580  100.0  317 137  100.0
The Nordic countries  586 247 42.4  113 980 35.9
Rest of the EU  538 315 38.9  133 134 42.0
Rest of Europe 38 548 2.8 11 087 3.5
Africa 13 502 1.0 1 891 0.6
Asia  109 662 7.9 22 538 7.1
North- and Central America 83 108 6.0 31 064 9.8
South America 6 706 0.5 1 394 0.4
Oceania 7 492 0.5 2 047 0.6

Increased settlements to the manufacturing industry, decline to the electricity, gas and water supply industry

The incoming settlements for the manufacturing industry ended at about NOK 115 billion in the second quarter of 2010, while the outgoing ones were somewhat more than NOK 104 billion. Both settlement flows were higher than in the first quarter. The incoming settlements were NOK 16.1 billion or 16 per cent higher. For the outgoing settlements, the growth was NOK 3.5 billion or 3.5 per cent.

In addition, the incoming settlements to the mining and quarrying industry rose by NOK 19.6 billion and ended at NOK 78 billion in the second quarter.

The transfer of settlements for the second quarter of 2010 between the Norwegian electricity, gas and water supply and abroad showed a decrease for both incoming and outgoing settlements compared with the first quarter. The incoming settlements fell by 44 per cent or slightly more than NOK 15.6 billion. The total value of these settlements was NOK 20 billion in the second quarter of 2010. The outgoing settlements for this industry totalled slightly less than NOK 28 billion in the second quarter this year. Compared with the previous quarter, this is a decrease of NOK 13.7 billion or 33 per cent.

Figures for 2 quarter 2010, by industry
Section Incoming settlements Outgoing settlements
NOK million Per cent NOK million Per cent
Total  344 334  100.0  310 342  100.0
Agriculture, hunting and forestry 12 0.0  213 0.1
Fishing 4 528 1.3 2 045 0.7
Mining and quarrying 78 349 22.8 27 063 8.7
Manufactoring  115 389 33.5  104 420 33.6
Electricity, gas and water supply 20 230 5.9 27 697 8.9
Construction 1 247 0.4 1 979 0.6
Wholesale and retail trade 35 948 10.4 68 840 22.2
Hotels and restaurants  278 0.1  354 0.1
Transport, storage and communication 40 628 11.8 36 593 11.8
Real estate, renting and buiness activities 34 701 10.1 25 602 8.2
Public administration 6 149 1.8 7 214 2.3
Education  175 0.1  296 0.1
Health and social work  387 0.1 1 660 0.5
Other community, social and personal service activities 1 577 0.5 2 371 0.8
Private households with employed persons 0 0.0 0 0.0
Extra-territorial organizations and bodies  123 0.0 20 0.0
Missing 4 612 1.3 3 974 1.3

Incoming settlement 10 per cent higher value than outgoing

In the second quarter of 2010 the total value of incoming settlements was 10 per cent higher than the outgoing. A similar comparison for the previous quarters in the last two years showed larger differences in the second quarters than the other quarters when comparing incoming and outgoing settlements.

Change of incoming versus outgoing settlements in Q2 and Q1 2010 and Q4 and Q3 and Q2 2009. Per cent
  2. quarter 2010 1. quarter 2010 4. quarter 2009 3. quarter 2009 2. quarter 2009
Total 10.0 -2.1 2.5 0.2 12.2
The Nordic countries 3.7 -5.3 -2.1 6.8 16.2
Rest of the EU 20.5 4.8 6.1 -1.0 11.3
Rest of Europe -59.9 -65.3 -65.5 -71.2 -60.3
Africa -37.0 -52.7 -66.9 -57.9 -46.1
Asia -35.7 -39.8 -14.2 -29.1 -17.8
North- and Central America 52.0 41.5 67.1 18.6 66.6
South America 13.9 -23.2 -22.2 -5.4 23.0
Oceania -34.5 -16.9 -30.4 -13.6 -30.6

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 .