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/en/utenriksokonomi/statistikker/betalstr/kvartal
275758
Decrease in outward settlement flows
statistikk
2016-11-17T08:00:00.000Z
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 indicate main features of cross border economical activity between Norway and foreign countries.

Cash flows between Norway and abroad, Q3 2016

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Decrease in outward settlement flows

Outward bank settlement flows decreased from the second quarter of 2016 to the third quarter of 2016.

External settlements between Norway and abroad for non-financial enterprises and private individualsPublished 17 November 2016
3rd quarter 2016Change in per centChange in per cent
NOK million2nd quarter 2016 - 3rd quarter 20163rd quarter 2015 - 3rd quarter 2016
Incoming value563 045-0.210.4
Outgoing value552 744-4.9-2.1

Source: Statistics Norway

Settlements from foreign countries to Norwegian bank accounts amounted to NOK 563 billion in the third quarter of 2016. This was a decrease of 0.2 per cent, equivalent to NOK 1 billion from the second quarter of 2016. 

Outgoing settlements showed a decrease of 4.8 per cent, or NOK 28 billion, from the second quarter of 2016. The total settlements sent from Norwegian non-financial enterprises and private persons to foreign countries reached NOK 553 billion. 

Compared with the third quarter of 2015, incoming settlements increased by NOK 53 billion. This was an increase of 10.4 per cent. In the same period, outgoing settlements decreased 2.1 per cent, going down by NOK 12 billion.

Decreased settlements from EU countries except Nordic countries

The decrease in the outward settlements was mainly due to a decrease in transfers from EU countries except Nordic countries, which decreased by NOK 14 billion, or 4.7 per cent, from the second quarter of 2016. The outward settlements from Nordic countries ended at NOK 194 billion in the third quarter of 2016; a decrease of 6.2 per cent from the previous quarter. 

Bank transfers to Norway from Nordic countries increased by NOK 4 billion from the second quarter of 2016; up by 1.9 per cent.

Increased transfers to the mining and quarrying industry

Enterprises within the mining and quarrying industry received NOK 87 billion from abroad in the third quarter of 2016. This was an increase of NOK 20 billion from the second quarter of 2016, equivalent to an increase of 29.1 per cent. Compared with the third quarter of 2015 there was an increase of 13.7 per cent, or NOK 11 billion. Bank transfers to enterprises within information and communication also increased, and received NOK 14 billion more than in the previous quarter.

Decreased transfers from Electricity, gas and steam

Norwegian enterprises sent NOK 540 billion abroad in the third quarter of 2016, which were NOK 28 billion less than in the second quarter of 2016. In particular enterprises within Electricity, gas and steam, and industry had a decrease in their settlements to foreign countries, by NOK 18 billion and NOK 14 billion, respectively.