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211679
Increase in net assets
statistikk
2015-03-09T10:00:00.000Z
External economy
en
forutland, Foreign assets and liabilities, net assets, IIP, international investment position, foreign debt, foreign assets, BoP, balance of paymentsForeign assets and liabilities , External economy
false
Norwegian foreign assets and liabilities.

Foreign assets and liabilities, Q4 2014

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Increase in net assets

Norwegian net assets increased by NOK 959 billion from the 3rd quarter of 2014 to the 4th quarter of 2014. The rate of the Norwegian krone has fallen compared to important foreign exchange rates in the last quarter.

International investment position. Latest quarter. NOK millionPublished 9 March 2015
Opening balanceTransactionsOther changesClosing balance
Foreign assets10 355 309247 0151 135 52411 737 848
Direct investment1 758 10142 45936 5631 837 123
Portofolio investment6 846 84263 864909 3387 820 044
Other investments1 319 877155 877118 7411 594 495
Reserve assets (IMF breakdown)430 489-15 18570 882486 186
 
Liabilities5 931 391168 954254 3466 354 691
Direct investment1 642 068-10 58052 9231 684 411
Portofolio investment2 591 94693 549100 2452 785 740
Other investments1 697 37785 985101 1781 884 540
 
NET ASSETS4 423 91878 061881 1785 383 157

Source: Statistics Norway

Figure 1. Development in Norway's foreign assets and liabilities

Norwegian assets amounted to NOK 11 738 billion, while Norwegian liabilities amounted to NOK 6 355 billion at the end of 2014. Compared to the end of 2013 there was an increase in positions by NOK 2 038 billion in assets and NOK 560 billion in liabilities. Changes in positions are due to transactions and other changes. The above figure shows a large increase in the net other changes in the 4th quarter of 2014. The increase is dominated by changes in the exchange rates.

Large positions in portfolio assets

At the end of the 4th quarter of 2014, the Norwegian assets of portfolio investment amounted to NOK 7 820 billion. The increase in equity is largely due to exchange rate changes, but also other price changes gave rise to the equity positions. The positions in debt securities also increased and were influenced by changes in the exchange rates. The Norwegian liabilities of portfolio investment amounted to NOK 2 786 billion at the end of the year.

Financial transactions

The transactions shown here are identical with the financial transactions published in the balance of payments. The transactions in financial assets amounted to NOK 583 billion and in liabilities to NOK 228 billion in 2014.

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The figures are revised back to 2012.