428103
/en/virksomheter-foretak-og-regnskap/statistikker/konkurs/kvartal
428103
statistikk
2020-11-03T08:00:00.000Z
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 foundedBankruptcies, Financial indicators, Banking and financial markets, Establishments, enterprises and accounts
true

Bankruptcies

Weekly figures in table 12972 are published daily at. 11:30 a.m.

Monthly figures in the tables 0721808551 and 09695 in StatBank, were published 23 November 2020.

Updated

Next update

Key figures

800

bankruptcies in Q3 2020

Bankruptcies
4th quarter 20191st quarter 20202nd quarter 20203rd quarter 2020
Total number of bankruptcies1 2701 245937800
Bankruptices related to enterprises1 0571 054876730
Personal bankruptcies, incl. sole proprietorships2131916170
 
Bankruptcies in construction340327178220
Bankruptcies in wholesale and retail trade, repair of motor vehicles and motorcycles249263202167

See selected tables from this statistics

Table 1 
Bankruptcies, by industrial activity

Bankruptcies, by industrial activity
3rd quarter 20193rd quarter 2020
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
Total91320373070
 
Agriculture, forestry and fishing7651
Mining and quarrying3020
Manufacturing317293
Electricity, gas, steam and air conditioning supply0000
Water supply1110
Construction2227418832
Wholesale and retail trade236151625
Transportation and storage39303612
Accommodation and food service activities975802
Information and communication307260
Financial and insurance activities8080
Real estate activities460250
Professional, scientific and technical activities7617594
Administrative and support service activities5119475
Public administration and defence0000
Education112130
Human health and social work activities8281
Arts, entertainment and recreation121111
Other service activities2511222
Activities of household as employers0000
Activities of extraterritorial organisations and bodies0000
Unknown industry10682

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

Bankruptcies, turnover and persons employed, by industrial activity
3rd quarter 20193rd quarter 2020
BankruptciesTurnover in NOK 1 000Persons employedBankruptciesTurnover in NOK 1 000Persons employed
Total1 1164 603 1033 6088007 506 8533 771
 
Bankruptcies related to enterprises except sole proprietorships9134 460 4133 4137307 437 8903 679
 
Agriculture, forestry and fishing726 078185..18
Mining and quarrying3:02:0
Manufacturing31254 36821129..430
Electricity, gas, steam and air conditioning supply0:0000
Water supply1:31:4
Construction2221 363 0948451881 368 744843
Wholesale and retail trade2361 734 9268521621 044 334506
Transportation and storage39194 27021036137 160146
Accommodation and food service activities97245 93446580..690
Information and communication3091 568612641 92144
Financial and insurance activities833128014
Real estate activities4660 971382564 51716
Professional, scientific and technical activities76181 21515259168 967138
Administrative and support service activities51255 443445473 674 531698
Public administration and defence000000
Education11..3513013
Human health and social work activities8..228..49
Arts, entertainment and recreation12..1411..30
Other service activities2527 9083922..31
Activities of household as employers000000
Activities of extraterritorial organisations and bodies000000
Unknown industry10:18:9
 
Sole proprietorships incl. personal bankruptcies203142 6901957068 96392
 
Agriculture, forestry and fishing66 90451..2
Mining and quarrying000000
Manufacturing71 50133..4
Electricity, gas, steam and air conditioning supply000000
Water supply1:1000
Construction7453 486623233 68451
Wholesale and retail trade1523 0022655 4305
Transportation and storage3023 504331210 52816
Accommodation and food service activities510 167192..9
Information and communication72 9174000
Financial and insurance activities000000
Real estate activities0:00:0
Professional, scientific and technical activities175 8871049093
Administrative and support service activities197 8161652 2171
Public administration and defence000000
Education2:..0:0
Human health and social work activities2:11..1
Arts, entertainment and recreation1..51..0
Other service activities115 356102..0
Activities of household as employers000000
Activities of extraterritorial organisations and bodies000000
Unknown industry67602..0

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)
3rd quarter 20193rd quarter 2020
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
Total8875221437543104719427132503674
 
Viken000000159106268910
Østfold (-2019)45288504000000
Akershus (-2019)11070151456000000
Buskerud (-2019)40265027000000
Oslo168111261051614288257418
Innlandet000000412011433
Hedmark (-2019)23126212000000
Oppland (-2019)16103102000000
Vestfold og Telemark000000593510536
Vestfold (-2019)43235447000000
Telemark (-2019)28185221000000
Agder00000051349413
Aust-Agder (-2019)281110124000000
Vest-Agder (-2019)37149653000000
Rogaland54316611051268458
Vestland000000855317537
Hordaland (-2019)9759137513000000
Sogn og Fjordane (-2019)1361213000000
Møre og Romsdal4117755731154606
Trøndelag - Trööndelage8648145415512312637
Nordland3621740422106132
Troms og Finnmark - Romsa ja Finnmárku00000027174024
Troms - Romsa (-2019)12110010000000
Finnmark - Finnmárku (-2019)1063100000000
Svalbard000000000000

Table 4 
Bankruptcies, by county and legal form

Bankruptcies, by county and legal form
3rd quarter 20193rd quarter 2020
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 116203188701195080070071900920
 
Viken00000000017819015900000
Østfold (-2019)51604500000000000000
Akershus (-2019)14028011001100000000000
Buskerud (-2019)551304000110000000000
Oslo2113901680040017733014200200
Innlandet00000000042004100010
Hedmark (-2019)30602300100000000000
Oppland (-2019)22501600010000000000
Vestfold og Telemark00000000063305900100
Vestfold (-2019)53704300210000000000
Telemark (-2019)33502800000000000000
Agder00000000052105100000
Aust-Agder (-2019)36802800000000000000
Vest-Agder (-2019)47803700110000000000
Rogaland75191540010054205100100
Vestland00000000091308500300
Hordaland (-2019)1303109700110000000000
Sogn og Fjordane (-2019)16101300200000000000
Møre og Romsdal4860410010032003100100
Trøndelag - Trööndelage99100860030059605100110
Nordland3930360000023102200000
Troms og Finnmark - Romsa ja Finnmárku00000000029202700000
Troms - Romsa (-2019)19601200100000000000
Finnmark - Finnmárku (-2019)12201000000000000000
Svalbard000000000000000000
County not stated000000000000000000

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