338653
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338653
statistikk
2018-05-02T08:00:00.000Z
Establishments, enterprises and accounts;Banking and financial markets
en
konkurs, Bankruptcies, bankruptcies by industry, sales value, enterprise bankruptcies, personal bankruptcies, compulsory sales, organisational structure, year foundedFinancial indicators, Bankruptcies, Banking and financial markets, Establishments, enterprises and accounts
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Bankruptcies

Updated

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Key figures

1 301

bankruptcies in Q1 2018

Bankruptcies
2nd quarter 20173rd quarter 20174th quarter 20171st quarter 2018
Total number of bankruptcies1 1249531 2261 301
Bankruptices related to enterprises8777339101 020
Personal bankruptcies, incl. sole proprietorships247220316281
 
Bankruptcies in construction333252336382
Bankruptcies in wholesale and retail trade, repair of motor vehicles and motorcycles247184251289

See more tables on this subject

Table 1 
Bankruptcies, by industrial activity

Bankruptcies, by industrial activity
1st quarter 20171st quarter 2018
Bankruptcies related to enterprises, excl. sole proprietorshipsBankruptcies related to sole proprietorships, incl. personal bankruptciesBankruptcies related to enterprises, excl. sole proprietorshipsBankruptcies related to sole proprietorships, incl. personal bankruptcies
Total9353191 020281
 
Agriculture, forestry and fishing91097
Mining and quarrying2021
Manufacturing407505
Electricity, gas, steam and air conditioning supply0000
Water supply3020
Construction243127257125
Wholesale and retail trade2182926326
Transportation and storage55453336
Accommodation and food service activities10751207
Information and communication314412
Financial and insurance activities7050
Real estate activities442350
Professional, scientific and technical activities63166818
Administrative and support service activities58357721
Public administration and defence0000
Education8344
Human health and social work activities6884
Arts, entertainment and recreation119164
Other service activities2772412
Activities of household as employers0000
Activities of extraterritorial organisations and bodies0000
Unknown industry31269

Table 2 
Bankruptcies, turnover and persons employed, by industrial activity

Bankruptcies, turnover and persons employed, by industrial activity
1st quarter 20171st quarter 2018
BankruptciesTurnover in NOK 1 000Persons employedBankruptciesTurnover in NOK 1 000Persons employed
Total1 2546 852 5843 8201 3014 582 5313 827
 
Bankruptcies related to enterprises except sole proprietorships9356 630 0333 5431 0204 420 7433 564
 
Agriculture, forestry and fishing9159 7304914 66920
Mining and quarrying2:2002:0
Manufacturing40414 00731350386 027281
Electricity, gas, steam and air conditioning supply0:0000
Water supply3:552:0
Construction2431 137 9841 0192571 852 2481 111
Wholesale and retail trade218882 0345172631 173 081757
Transportation and storage551 352 9564923392 07476
Accommodation and food service activities107271 164411120311 086573
Information and communication3166 6047141..63
Financial and insurance activities7085666
Real estate activities4438 309203562 69919
Professional, scientific and technical activities63136 5949968163 162181
Administrative and support service activities58142 06523277234 229331
Public administration and defence000000
Education83 50194025
Human health and social work activities634415886050
Arts, entertainment and recreation1130 603371618 15021
Other service activities2724 227412434 61949
Activities of household as employers000000
Activities of extraterritorial organisations and bodies000000
Unknown industry3:..6:1
 
Sole proprietorships incl. personal bankruptcies319222 551277281161 788263
 
Agriculture, forestry and fishing1012 39511711 19315
Mining and quarrying0001....
Manufacturing76 707851 2634
Electricity, gas, steam and air conditioning supply000000
Water supply0:0000
Construction12765 9307712562 42589
Wholesale and retail trade2930 88239269 57216
Transportation and storage4557 359713634 13551
Accommodation and food service activities57 77211714 78924
Information and communication41 87142....
Financial and insurance activities000000
Real estate activities2:00:0
Professional, scientific and technical activities1618 60110183 5978
Administrative and support service activities3513 70520219 51418
Public administration and defence000000
Education3:14:6
Human health and social work activities8:6403
Arts, entertainment and recreation91 002745853
Other service activities72 65761212 64923
Activities of household as employers000000
Activities of extraterritorial organisations and bodies000000
Unknown industry122 096691 7413

Table 3 
Bankruptcies in private limited companies and public limited companies, by county and share capital (in NOK)

Bankruptcies in private limited companies and public limited companies, by county and share capital (in NOK)
1st quarter 20171st quarter 2018
TotalLess than 51 00051 000-100 000101 000-250 000251 000-500 000More than 500 000TotalLess than 51 00051 000-100 000101 000-250 000251 000-500 000More than 500 000
Total8294311699740929855771658845110
 
Østfold46261161237214921
Akershus663312122711269168514
Oslo150992413311147100228215
Hedmark3217771025127411
Oppland168221330185115
Buskerud4428531761416716
Vestfold45261053143279313
Telemark2811462540246316
Aust-Agder197901220151022
Vest-Agder31149413432211613
Rogaland8544198597536165612
Hordaland86452264912169247615
Sogn og Fjordane11223221234212
Møre og Romsdal331583346127139210
Trøndelag000000885311969
Sør-Trøndelag (-2017)5424124311000000
Nord-Trøndelag (-2017)1862505000000
Nordland2911563440236254
Troms - Romsa217432520113312
Finnmark - Finnmárku14820221061210
Svalbard100100000000

Table 4 
Bankruptcies, by county and legal form

Bankruptcies, by county and legal form
1st quarter 20171st quarter 2018
TotalSole proprietorships incl. personal bankruptciesGeneral partnershipPrivate limited companyPublic limited companyCompany with limited liabilityNorwegian division of foreign enterpriseOther legal formUnknownTotalSole proprietorships incl. personal bankruptciesGeneral partnershipPrivate limited companyPublic limited companyCompany with limited liabilityNorwegian division of foreign enterpriseOther legal formUnknown
Total1 254319188500381101 3012812985012570
 
Østfold761905200410582003700010
Akershus132460770063017057011200100
Oslo1843301440052018835014700420
Hedmark31110190010034902500000
Oppland3550300000040803001100
Buskerud701705000300831906100300
Vestfold651704200510581014300310
Telemark3990300000049814000000
Aust-Agder22100120000022202000000
Vest-Agder602603300100561204300100
Rogaland11116089002401103307500110
Hordaland1554201080050015630012100500
Sogn og Fjordane101090000015201200010
Møre og Romsdal54130380030067606100000
Trøndelag0000000001041408800200
Sør-Trøndelag (-2017)791206600100000000000
Nord-Trøndelag (-2017)341102200100000000000
Nordland49140340010048404000310
Troms - Romsa34150190000027602000100
Finnmark - Finnmárku1311110000016601000000
Svalbard000000000000000000
Unknown110000000000000000

About the statistics

The statistics give an overview of bankruptcies in Norway and are based on data from the Bankruptcy Register

Definitions

Definitions of the main concepts and variables

Bankruptcies
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.

Standard classifications

Standard for Industrial Classification (SIC2007)

Classification of Organization form

Administrative information

Name and topic

Name: Bankruptcies
Topic: Establishments, enterprises and accounts

Next release

Responsible division

Division for business dynamics statistics

Regional level

National, county and municipality level

Frequency and timeliness

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.

International reporting

Data is part of a delivery til OECD and a voluntary data collection to Eurostat.

Microdata

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.

Background

Background and purpose

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 and applications

Users of the statistics are among others financial institutions and the media.

Equal treatment of users

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.

Coherence with other statistics

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).

Legal authority

Statistics Act Section 3-2

EEA reference

Not relevant

Production

Population

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.

Data sources and sampling

The data is based on information from the Register of Bankruptcies.

Collection of data, editing and estimations

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.

Seasonal adjustment

Not relevant

Confidentiality

If the number of bankruptcies is 3 or less, figures on turnover are not published.

Comparability over time and space

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.

Accuracy and reliability

Sources of error and uncertainty

Statistics Norway assumes that information on bankruptcies transferred by the Register of Bankruptcies is correct.

Revision

Not relevant