Bankruptcies, Q4 2003

The number of bankruptcies came to 5 749 in 1992 and 5 158 in 1993. Since 1993 the number of bankruptcies has been about 3500 until 2002 when it increased to 4 473.

Large regional differences

Only the county of Oppland had fewer bankruptcies in 2003 than in 2002 - a decrease of 1.5 per cent. The counties of Buskerud, Finnmark, Vest-Agder and Hordaland recorded an increase of 44, 43, 41 and 33 per cent.

20 per cent of all bankruptcies in 2002 were recorded in Oslo and the number rose to 1 032 in 2003 - an increase of seven per cent from 2002. Other counties with less than 10 per cent increase in the number of bankruptcies were Sogn- og Fjordane, Telemark, Rogaland and Troms.

Largest increase within mining and quarrying

The largest relative increase from 2002 to 2003 was within mining and quarrying, where the number of bankruptcies increased by 200 per cent, from five to 15.

The increase has also been substantial within fishery -171 per cent. Within financial intermediation the increase has been 57 per cent and within hotels and restaurants 36 per cent.

25 per cent of all bankruptcies in 2003 were recorded within wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods, 19 per cent within real estate, renting and business activities and 17 per cent within construction.

More in StatBank

Statistics about bankruptcies from 1999 is now available in StatBank. Figures by industrial activity, legal form, year of establishment and size groups are available on national and county level.

Tables:

• Table 1 Bankruptcy, by quarter and county. 2002-2003 (Corrected 27 July 2004)
• Table 2 Monthly bankruptcy proceedings. 1995-2003 (Corrected 27 July 2004)
• Table 3 Bankruptcy by industrial activity. 4th quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 4 Bankruptcy, turnover and persons employed, by industrial activity. 2002 and 2003. Turnover and persons employed in last year of activity (Corrected 27 July 2004)
• Table 5 Bankruptcy in whole sale and retale trade, by industrial activity. 4th quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 6 Bankruptcy in wholesale and retale trade, turnover and persons employed, by industrial activity. 2002 and 2003 (Corrected 27 July 2004)
• Table 7 Bankruptcy in ICT-sector, turnover and persons employed, by industrial activity. 4th quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 8 Bankruptcy, by year of establishing and county. 4th quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 9 Bankruptcy by county and share capital. 4th quarter 2002 and 2003 (Corrected 27 July 2004)
• Table 10 Bankruptcy, by county and legal form. 4th quarter 2002 and 2003 (Corrected 27 July 2004)