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/en/utenriksokonomi/statistikker/betalstr/kvartal
205678
Increase in settlement flows
statistikk
2015-02-20T10:00:00.000Z
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
false
The purpose of the statistics is to show the main features of cross border economical activity between Norway and foreign countries.

Cash flows between Norway and abroad, Q4 2014

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Increase in settlement flows

Both inward and outward bank settlement flows increased from the third to the fourth quarter of 2014. The largest increase was for outgoing transfers.

External settlements for non-financial enterprises and private individuals, NOK millionPublished 20 February 2015
4th quarter 2014Change in per centChange in per cent
NOK million3rd quarter 2014 - 4th quarter 20144th quarter 2013 - 4th quarter 2014
Incoming value582 78125.5-0.4
Outgoing value643 01422.48.2

Source: Statistics Norway

Settlements from foreign countries to Norwegian bank accounts amounted to NOK 583 billion in the fourth quarter of 2014. This was an increase of 25.5 per cent, a rise of NOK 118 billion from the third quarter.

Outgoing settlements showed an increase of 22.4 per cent, or NOK 118 billion, from the third quarter. The total settlements sent from Norwegian non-financial enterprises and private persons to foreign countries reached NOK 643 billion.

However, compared with the fourth quarter of 2013, incoming settlements decreased by NOK 3 billion. This was a decrease of 0.4 per cent. In the same period, outgoing settlements increased 8.2 per cent, going up by NOK 49 billion.

Increased settlements from EU countries except Nordic countries

The increase in the inward settlements was mainly due to a rise in transfers from EU countries except Nordic countries, which went up by NOK 57 billion from the third quarter. The inward settlements from EU countries except Nordic countries ended at NOK 269 billion in the fourth quarter; an increase of 27.0 per cent from the previous quarter.

Bank transfers from Norway to Nordic countries increased by NOK 63 billion from the previous quarter; a rise of 35.5 per cent.

Increased transfers to industry

Enterprises within industry received NOK 167 billion from abroad in the fourth quarter. This was an increase of NOK 33 billion from the third quarter, equivalent to an increase of 24.3 per cent. Bank transfers to the mining and quarrying industry also increased, and received NOK 20 billion more than in the previous quarter. Transfers to the electricity, gas and steam industry increased by NOK 21 billion; a 38.5 per cent decrease from the previous quarter.

Norwegian enterprises sent NOK 633 billion abroad in the fourth quarter of 2014, which was NOK 118 billion more than in the third quarter. Enterprises within manufacturing and the electricity, gas and steam industry saw a particular increase in settlements to foreign countries, by NOK 33 billion and NOK 31 billion respectively.

Inward transfers lower than outward transfers

Bank settlements from Norway to foreign countries surpassed the amount being sent to Norway, meaning that NOK 60 billion more money was sent out of Norway than was sent into Norway.