Bankruptcies
Updated: 14 August 2023
Next update: 25 October 2023
| 3rd quarter 2022 | 4th quarter 2022 | 1st quarter 2023 | 2nd quarter 2023 | |
|---|---|---|---|---|
| Total number of bankruptcies | 835 | 1 006 | 1 317 | 1 068 |
| Bankruptices related to enterprises | 706 | 836 | 1 090 | 846 |
| Personal bankruptcies, incl. sole proprietorships | 129 | 170 | 227 | 222 |
| Bankruptcies in construction | 205 | 274 | 390 | 333 |
| Bankruptcies in wholesale and retail trade, repair of motor vehicles and motorcycles | 157 | 196 | 237 | 197 |
Selected tables and charts from this statistics
- Bankruptcies, by industrial activityDownload table as ...Bankruptcies, by industrial activity
2nd quarter 2022 2nd quarter 2023 Bankruptcies related to enterprises, excl. sole proprietorships Bankruptcies related to sole proprietorships, incl. personal bankruptcies Bankruptcies related to enterprises, excl. sole proprietorships Bankruptcies related to sole proprietorships, incl. personal bankruptcies Total 726 208 846 222 Agriculture, forestry and fishing 5 2 7 8 Mining and quarrying 2 1 3 0 Manufacturing 32 1 44 2 Electricity, gas, steam and air conditioning supply 0 0 1 0 Water supply 1 1 4 0 Construction 216 82 235 98 Wholesale and retail trade 135 7 177 20 Transportation and storage 40 36 42 35 Accommodation and food service activities 74 5 101 4 Information and communication 33 5 38 5 Financial and insurance activities 8 0 1 1 Real estate activities 22 0 24 0 Professional, scientific and technical activities 62 21 51 19 Administrative and support service activities 36 29 49 14 Public administration and defence 0 0 0 0 Education 3 3 4 2 Human health and social work activities 13 2 18 2 Arts, entertainment and recreation 5 1 9 1 Other service activities 27 7 28 9 Activities of household as employers 0 0 0 0 Activities of extraterritorial organisations and bodies 0 0 0 0 Unknown industry 12 5 10 2 Explanation of symbolsDownload table as ... - Bankruptcies, turnover and persons employed, by industrial activityDownload table as ...Bankruptcies, turnover and persons employed, by industrial activity
2nd quarter 2022 2nd quarter 2023 Bankruptcies Turnover in NOK 1 000 Persons employed Bankruptcies Turnover in NOK 1 000 Persons employed Total 934 4 604 617 3 035 1 068 5 071 811 3 647 Bankruptcies related to enterprises except sole proprietorships 726 4 480 066 2 839 846 4 867 982 3 423 Agriculture, forestry and fishing 5 .. 4 7 -991 0 Mining and quarrying 2 .. 0 3 .. 34 Manufacturing 32 .. 126 44 .. 510 Electricity, gas, steam and air conditioning supply 0 0 0 1 .. .. Water supply 1 .. 0 4 19 035 12 Construction 216 1 491 114 960 235 1 487 279 1 037 Wholesale and retail trade 135 1 788 000 621 177 1 005 188 561 Transportation and storage 40 384 025 264 42 219 844 196 Accommodation and food service activities 74 150 762 322 101 218 066 335 Information and communication 33 42 109 52 38 142 836 81 Financial and insurance activities 8 5 092 15 1 .. 0 Real estate activities 22 80 603 59 24 63 478 33 Professional, scientific and technical activities 62 192 788 105 51 241 532 146 Administrative and support service activities 36 72 900 123 49 304 670 354 Public administration and defence 0 0 0 0 0 0 Education 3 .. 3 4 .. 2 Human health and social work activities 13 .. 101 18 .. 50 Arts, entertainment and recreation 5 .. 26 9 .. 22 Other service activities 27 24 991 56 28 25 427 50 Activities of household as employers 0 0 0 0 0 0 Activities of extraterritorial organisations and bodies 0 0 0 0 0 0 Unknown industry 12 2 468 2 10 .. 0 Sole proprietorships incl. personal bankruptcies 208 124 551 196 222 203 829 224 Agriculture, forestry and fishing 2 .. 2 8 14 910 8 Mining and quarrying 1 .. 1 0 0 0 Manufacturing 1 .. 1 2 .. 1 Electricity, gas, steam and air conditioning supply 0 0 0 0 0 0 Water supply 1 .. 0 0 0 0 Construction 82 47 683 76 98 79 588 104 Wholesale and retail trade 7 3 855 9 20 60 590 22 Transportation and storage 36 33 239 43 35 23 166 40 Accommodation and food service activities 5 4 918 8 4 556 1 Information and communication 5 3 352 4 5 1 217 4 Financial and insurance activities 0 0 0 1 .. .. Real estate activities 0 0 0 0 0 0 Professional, scientific and technical activities 21 10 743 17 19 12 698 17 Administrative and support service activities 29 12 995 24 14 7 645 18 Public administration and defence 0 0 0 0 0 0 Education 3 .. 4 2 .. 2 Human health and social work activities 2 .. 2 2 .. 2 Arts, entertainment and recreation 1 .. 0 1 .. 1 Other service activities 7 2 140 5 9 2 158 4 Activities of household as employers 0 0 0 0 0 0 Activities of extraterritorial organisations and bodies 0 0 0 0 0 0 Unknown industry 5 0 0 2 .. 0 Explanation of symbolsDownload table as ... - Bankruptcies in private limited companies and public limited companies, by county and share capital (in NOK)Download table as ...Bankruptcies in private limited companies and public limited companies, by county and share capital (in NOK)
2nd quarter 2022 2nd quarter 2023 Total Less than 51 000 51 000-100 000 101 000-250 000 251 000-500 000 More than 500 000 Total Less than 51 000 51 000-100 000 101 000-250 000 251 000-500 000 More than 500 000 Total 714 479 87 49 25 74 837 554 106 54 42 81 Viken 167 113 24 11 4 15 231 178 18 13 7 15 Oslo 112 85 11 4 4 8 162 110 20 12 5 15 Innlandet 36 23 4 3 1 5 36 23 2 5 1 5 Vestfold og Telemark 57 35 6 5 3 8 65 44 9 3 3 6 Agder 58 33 7 10 2 6 50 29 6 5 5 5 Rogaland 56 38 6 3 1 8 52 25 13 2 4 8 Vestland 86 60 14 3 2 7 78 54 11 1 6 6 Møre og Romsdal 33 17 2 3 5 6 40 20 6 2 3 9 Trøndelag - Trööndelage 63 45 5 4 1 8 68 37 13 8 4 6 Nordland - Nordlánnda 22 13 4 1 1 3 27 13 4 2 4 4 Troms og Finnmark - Romsa ja Finnmárku 24 17 4 2 1 0 28 21 4 1 0 2 Svalbard 0 0 0 0 0 0 0 0 0 0 0 0 Explanation of symbolsDownload table as ... - Bankruptcies, by county and legal formDownload table as ...Bankruptcies, by county and legal form
2nd quarter 2022 2nd quarter 2023 Total Sole proprietorships incl. personal bankruptcies General partnership Private limited company Public limited company Company with limited liability Norwegian division of foreign enterprise Other legal form Unknown Total Sole proprietorships incl. personal bankruptcies General partnership Private limited company Public limited company Company with limited liability Norwegian division of foreign enterprise Other legal form Unknown Total 934 208 0 714 0 0 7 5 0 1 068 222 0 837 0 0 6 3 0 Viken 240 69 0 167 0 0 2 2 0 301 69 0 231 0 0 1 0 0 Oslo 155 42 0 112 0 0 1 0 0 196 33 0 162 0 0 0 1 0 Innlandet 43 7 0 36 0 0 0 0 0 57 20 0 36 0 0 0 1 0 Vestfold og Telemark 80 22 0 57 0 0 0 1 0 89 24 0 65 0 0 0 0 0 Agder 65 6 0 58 0 0 1 0 0 63 13 0 50 0 0 0 0 0 Rogaland 67 11 0 56 0 0 0 0 0 69 15 0 52 0 0 2 0 0 Vestland 120 32 0 86 0 0 1 1 0 97 18 0 78 0 0 1 0 0 Møre og Romsdal 36 2 0 33 0 0 1 0 0 47 6 0 40 0 0 1 0 0 Trøndelag - Trööndelage 73 10 0 63 0 0 0 0 0 82 13 0 68 0 0 0 1 0 Nordland - Nordlánnda 27 5 0 22 0 0 0 0 0 32 4 0 27 0 0 1 0 0 Troms og Finnmark - Romsa ja Finnmárku 27 2 0 24 0 0 0 1 0 35 7 0 28 0 0 0 0 0 Svalbard 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 County not stated 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 Explanation of symbolsDownload table as ...
More figures from this statistics
- 09694: Bankruptcies
- 08551: Bankruptcies, by type of bancruptcy and industry (SIC2007) (C)
- 09122: Bankruptcies, turnover and persons employed, by industrial activity and type of bankruptcy
- 07165: Bankruptcies, by industry (SIC2007) and legal form (M)
- 08563: Bankruptcies of limited companies, by share capital (NOK) (C)
About the statistics
The statistics give an overview of bankruptcies in Norway and are based on data from the Bankruptcy Register.
All juridical objects, which includes all types of firms/enterprises and individuals who have unpaid accounts and are by definition insolvent, can be declared bankrupt. Insolvency is defined as: "When one cannot fulfil its obligations after they have matured." An exception from this is when the insolvency is incidental.
Name: Bankruptcies
Topic: Establishments, enterprises and accounts
Division for Business Dynamics Statistics
National, county and municipality level
Monthly and quarterly
The monthly bankruptcy statistics is based on information from the Register of Bankruptcies in Brønnøysund, which Statistics Norway receives once a month. The data contains data on bankruptcies from the 15th of the previous month to the 15th of the current month. The data is revised so that the file contains data for the whole previous month. Monthly numbers of bankruptcies, forced sales and registration execution proceedings are published in table 07218 in StatBank. Other monthly numbers are published in table 09695 og 08551 in StatBank.
Quarterly bankruptcy statistics is based on monthly data, which Statistics Norway receives from the Register of Bankruptcies in Brønnøysund. It is published at the end of the following month after each quarter.
Data is part of a delivery til OECD and a voluntary data collection to Eurostat.
Micro data and information on population are temporarily stored in the program language SAS and over the long term as text files. A main file is updated with new data each month. StatBank is updated each quarter.
The purpose of the statistics is to give a survey on bankruptcies in Norway. Furthermore, it provides a categorisation by county, industry, ownership, as well as number of employees, turnover and amount of share capital.
Data on bankruptcies is available from 1920, and for some industries from 1929. Data from 1981 is available in a database.
From 1995 onwards, it has been possible to identify personal bankruptcies. From the same year, categorisation by industries was based on a new industry standard, called SN94. The Central Register of Establishments and Enterprises is used to categorise the statistics by industries.
Categorisation by industry for personal bankruptcies is mainly based on information from the probate registry. From 1995 to 2001, personal bankruptcies were given a 2-digit industry code by the probate registry. From 2001 onwards, Statistics Norway has determined the 2-digit industry code based on profession descriptions from the Register of Bankruptcies.
The data from the Register of Bankruptcies in Brønnøysund is supplemented with information from the Business Register, the Central Coordinating Register for Legal Entities and the Value Added Tax Registration List (the VAT Register).
Users of the statistics are among others financial institutions and the media.
Principles for equal treatment of users in releasing statistics and analyses
No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on www.ssb.no at 8 am. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar.
The main variables for bankruptcies are: code for municipality and industry, legal forms, number of employees, turnover and amount of share capital. The statistics is linked to the Business Register, the Central Coordinating Register for Legal Entities and the VAT Register. This includes both personal bankrupties (including sole proprietorships) and bankruptcies related to enterprises (exclusive sole proprietorships).
Statistics Act Section 3-2
The statistics includes all bankruptcies in Norway. Information on bankruptcy proceedings is mainly based on information that probate registries and administrators in bankruptcies report to the Register of Bankruptcies. Personal bankruptcies contain bankruptcy proceedings for sole proprietorships and employees. If the debtor is not registered in the Enterprise Register in Brønnøysund, or is a sole proprietorship, the debtor will be classified as en employee. Bankruptcies related to enterprises (exclusive sole proprietorships) are obliged to be registered in the Enterprise register in Brønnøysund.
The data is based on information from the Register of Bankruptcies.
The Register of Bankruptcies transfers a file with bankruptcies to Statistics Norway on the 17th of each month.
Statistics Norway assumes that information on bankruptcies from the Register of Bankruptcies is correct.
If the number of bankruptcies is 3 or less, figures on turnover are not published.
Serial data on bankruptcies is available from 1920, and for some industries from 1929. Data on bankruptcies from 1981 exists in a database. In StatBank, bankruptcy statistics from the 1st quarter of 1999 is presented, as well as total yearly numbers on bankruptcies from 1980.
-
Statistics Norway assumes that information on bankruptcies transferred by the Register of Bankruptcies is correct.
