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/en/utenriksokonomi/statistikker/forutland/kvartal
241412
Small decrease in net assets abroad
statistikk
2016-12-07T08:00:00.000Z
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, Q3 2016

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Small decrease in net assets abroad

Norwegian foreign net assets decreased between the 2nd quarter of 2016 and the 3rd quarter of 2016 by NOK 34 billion. Net assets ended at NOK 5 984 billion after the 3rd quarter of 2016. After a rather large increase in net assets last quarter, there was now a small correction this quarter.

International investment position. Latest quarter. NOK millionPublished 7 December 2016
Opening balanceTransactionsOther changesClosing balance
Foreign assets12 985 717-69 464-113 40312 802 850
Direct investment1 917 361-31 812-23 1221 862 427
Portofolio investment8 770 199-17 904-66 8568 685 439
Other investments1 775 821-22 553-4 9941 748 274
Reserve assets (IMF breakdown)522 3362 805-18 431506 710
 
Liabilities6 967 966-97 655-51 6866 818 625
Direct investment1 764 400-29 851-18 7051 715 844
Portofolio investment2 928 15222 143-42 0952 908 200
Other investments2 275 414-89 9479 1142 194 581
 
NET ASSETS6 017 75128 191-61 7175 984 225

Source: Statistics Norway

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

In total, Norwegian assets abroad amounted to NOK 12 803 billion at the end of the 3rd quarter of 2016. Foreign liabilities in the same period amounted to NOK 6 819 billion. This gives a net assets balance of NOK 5 984 billion. Changes in assets and liabilities positions are split into transactions and other changes. The transactions are published in the balance of payments. Net lending was NOK 28 billion in the 3rd quarter.

Net other changes amounted to minus NOK 62 billion in the 3rd quarter. The exchange rate had larger fluctuations than in the 2nd quarter where the change was minor. In the 3rd quarter there has been a currency appreciation of the Norwegian krone, which overall influenced net other changes in a negative way. The financial markets affected net other changes in a positive way this quarter, and reduced the effect of the currency appreciation.

At the end of the 3rd quarter of 2016, Norwegian assets of other investments amounted to NOK 1 748 billion. This was a decrease of NOK 28 billion from the 2nd quarter, but still NOK 110 billion higher than the year end of 2015. Loans and other accounts in particular influenced this decrease. These two instruments combined accounted for a decrease of NOK 57 billion in the 3rd quarter. Currency and deposits on the other hand continued to increase as in previous quarters. In the 3rd quarter, this increase amounted to NOK 31 billion.

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This publication includes revisions dating back to the 1st quarter of 2015.