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/en/utenriksokonomi/statistikker/betalstr/kvartal
92255
Balanced settlement flows
statistikk
2013-02-20T10:00:00.000Z
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
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Cash flows between Norway and abroadQ4 2012

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Balanced settlement flows

Both incoming and outgoing settlements increased from the third to the fourth quarter in 2012. Outgoing settlements were NOK 487 billion, while incoming settlements ended at NOK 486 billion.

External settlements for non-financial enterprises and private individuals, NOK million
4th quarter 2012Change in per centChange in per cent
NOK million3rd quarter 2012 - 4th quarter 20124th quarter 2011 - 4th quarter 2012
Incoming value485 5718.238.2
Outgoing value487 0536.232.2

Settlements transferred from abroad to non-financial enterprises and private persons in Norway ended at NOK 486 billion in the fourth quarter of 2012. Compared to the third quarter of 2012, the transfers increased NOK 37 billion from the third quarter, an 8 per cent rise.

Outgoing settlements ended at NOK 487 billion in the fourth quarter, an increase of 6 per cent from the third quarter.

Incoming settlements increased by NOK 134 billion or 38 per cent compared to the same quarter in 2011. Outgoing settlements went up NOK 119 billion, an increase of 32 per cent.

Increased transfers from EU-countries except Nordic countries

Non-Nordic EU countries increased their transfers to Norway with NOK 38 billion from the third quarter to the fourth quarter of 2012. Transfers from Nordic countries increased by NOK 7 billion in the same period, but these were mostly set aside by an equivalent reduction in transfers from Asia and North- and Central America. Settlements from EU and Nordic countries together amounted for 85 per cent of the incoming settlements to Norway.

Transfers from Norway to Non-Nordic EU countries increased by NOK 47 billion, and ended at NOK 234 billion. This was 25 per cent more than the previous quarter. Asia experienced a 36 per cent decrease in its settlements received from Norway, and amounted to a reduction of NOK 14 billion.

Increased transfers to manufacturing industry

Enterprises within the manufacturing industry received NOK 153 billion from abroad in the fourth quarter of 2012, an increase of 11 per cent from the previous quarter. Quarrying and mining enterprises received NOK 96 billion in the fourth quarter, which was nearly one fifth of the total incoming settlements to Norway. This was an increase of NOK 15 billion from the third quarter 2012. Transfers to the information and communication industry ended at NOK 30 billion, which was a reduction by nearly NOK 19 billion from the preceding quarter.

The manufacturing industry transferred NOK 147 billion abroad, which was an increase of 9 per cent from the third quarter of 2012. This equalled nearly one third of all outgoing settlements from Norway. Enterprises within the information and communication industry decreased their outgoing settlements by NOK 22 billion from the previous quarter, and transferred NOK 37 billion abroad.

Outgoing settlements flow slightly larger than inward settlements

Incoming settlements from abroad to non-financial enterprises and private persons were slightly smaller than the amount which was transferred out of Norway. In total for the fourth quarter of 2012, incoming settlements were 0.3 per cent smaller than the outgoing settlements, which amounted to a difference of NOK 1 billion.

The difference between incoming and outgoing settlements varies very from region to region. More money from Norway to both Asia, Africa, South America and Rest of Europe than were transferred to Norway, while one can se a reverse trend with North- and Central America, and Oceania.

Standard Industrial ClassificationOpen and readClose

As from the first quarter of 2011, these statistics adopted SIC2007 Standard Industrial Classification for grouping trade industries, while previous articles use SIC2002. This change in use of standards caused certain changes in the trade distributions, which accounts for the discrepancies from previous published numbers. This particularly concerns financial enterprises that were previously listed as non-financial enterprises.

 

Data series in StatBankNorwaywill be updated with the new standard. Please note that text and tables in previous articles will not be updated with the new standard, which means they are not directly comparable to Q1 2011 and onwards.

 

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 inNorwayand the use inNorwayof 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 Norwayand 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 .