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/en/utenriksokonomi/statistikker/betalstr/arkiv
10300
Reduced settlement flows
statistikk
2010-11-19T10:00:00.000Z
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 2010

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Reduced settlement flows

In the third quarter of 2010 incoming settlements through Norwegian banks ended at NOK 320 billion. For the same period the total value of outgoing settlements was NOK 311 billion.

From the second quarter to the third quarter of 2010 the total values of both incoming and outgoing settlements between Norway and abroad decreased. The incoming settlements ended at somewhat less than NOK 320 billion. This was a decrease of slightly more than NOK 29 billion or 8.4 per cent from the second quarter. The outgoing settlements ended at somewhat more than NOK 311 billion. This was a fall in value of just NOK 5.6 billion or 1.8 per cent compared with the second quarter.

The decrease in transactions from the non-Nordic EU countries explained most of the decline in value for the incoming settlements in the third quarter. Compared with the second quarter this year there have been some changes in the country distribution. The incoming settlements from the non-Nordic EU countries have gone down NOK 24.4 billion or 15 per cent. From North and Central America incoming settlements fell by NOK 5.1 billion, while the Nordic countries showed a minor increase.

For the outgoing settlements the development was characterised by a downfall for most of the significant groups. The settlements to the Nordic countries were reduced by NOK 4.1 billion or 3.6 per cent from the second to the third quarter this year. Also North and Central America as well as Asia showed drops of NOK 1.5 and 2.0 billion. Non-Nordic EU countries on the other hand showed an increase in the outgoing settlements of NOK 2.2 billion.

Incoming cross border settlements through Norwegian banks Q3 2010
  Incoming cross border settlements through Norwegian banks Q3 2010
  Number of settlements Per cent NOK million Per cent
Total  608 498  100.0  319 704  100.0
The Nordic countries  336 029 55.2  119 364 37.3
Rest of the EU  190 693 31.3  136 036 42.6
Rest of Europe 13 942 2.3 4 872 1.5
Africa 1 677 0.3 1 139 0.4
Asia 16 923 2.8 13 563 4.2
North and Central America 45 003 7.4 42 111 13.2
South America 1 332 0.2 1 366 0.4
Oceania 2 899 0.5 1 253 0.4
  Outgoing cross border settlements through Norwegian banks Q3 2010
  Number of settlements Per cent NOK million Per cent
Total 1 360 723  100.0  311 498  100.0
The Nordic countries  561 868 41.3  109 886 35.3
Rest of the EU  527 710 38.8  135 334 43.4
Rest of Europe 39 060 2.9 10 459 3.4
Africa 14 190 1.0 1 668 0.5
Asia  119 478 8.8 20 521 6.6
North and Central America 83 306 6.1 29 540 9.5
South America 7 044 0.5 1 955 0.6
Oceania 8 067 0.6 2 134 0.7

Decreased settlements to the manufacturing industry, transport and real estate

Altogether, the incoming settlements for the manufacturing industry ended at about NOK 102 billion in the third quarter of 2010, while the outgoing ones were somewhat less than NOK 104 billion. Both settlements flows, particularly the incoming, were reduced compared with the second quarter. The incoming settlements in the third quarter were down NOK 12.9 billion or 11.2 per cent. For the outgoing settlements the decline was NOK 0.6 billion or 0.6 per cent.

Figures for 3 quarter 2010, by industry
Section Incoming settlements Outgoing settlements
NOK million    Per cent   NOK million    Per cent
Total  316 566  100.0  305 008  100.0
Agriculture, hunting and forestry 28 0.0  172 0.1
Fishing 3 768 1.2 2 195 0.7
Mining and quarrying 82 049 25.9 31 663 10.4
Manufactoring  102 485 32.4  103 836 34.0
Electricity, gas and water supply 13 366 4.2 19 894 6.5
Construction  916 0.3 1 716 0.6
Wholesale and retail trade 35 096 11.1 65 525 21.5
Hotels and restaurants  770 0.2  691 0.2
Transport, storage and communication 35 864 11.3 34 662 11.4
Real estate, renting and buiness activities 30 334 9.6 27 485 9.0
Public administration 4 751 1.5 7 659 2.5
Education  199 0.1  306 0.1
Health and social work  489 0.2 1 597 0.5
Other community, social and personal service activities 1 373 0.4 2 062 0.7
Private households with employed persons 0 0.0 0 0.0
Extra-territorial organizations and bodies 61 0.0 31 0.0
Missing 5 016 1.6 5 513 1.8

Both settlement flows increased for mining and quarrying from the second to the third quarter.

Incoming settlements to both transport/communication as well as real estate and business activities fell by slightly less than NOK 5 billion from the second to the third quarter. When comparing the last two quarters, outgoing settlements grouping these two industries showed small changes.

Incoming settlements 2.6 per cent higher value than outgoing

In the third quarter of 2010 the total value of incoming settlements was 2.6 per cent higher than the outgoing. In the second quarter this difference was 10 per cent.

Change of incoming versus outgoing settlements in Q3 and Q2 and Q1 2010 and Q4 and Q3 2009. Per cent
  3. quarter 2010 2. quarter 2010 1. quarter 2010 4. quarter 2009 3. quarter 2009
Total 2.6 10.0 -2.1 2.5 0.8
The Nordic countries 8.6 3.7 -5.3 -2.1 10.7
Rest of the EU 0.5 20.5 4.8 6.1 -0.6
Rest of Europe -53.4 -59.9 -65.3 -65.5 -71.2
Africa -31.7 -37.0 -52.7 -66.9 -58.0
Asia -33.9 -35.7 -39.8 -14.3 -27.5
North and Central America 42.6 52.0 41.5 67.1 12.5
South America -30.1 13.9 -23.2 -22.2 -5.2
Oceania -41.3 -34.5 -16.9 -30.4 -16.5

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 .