Debt growth increases

MoneyMoney.Photo: Stian Lysberg Solum / NTB scanpix

As of the end of September and the previous twelve months the domestic debt grew by 5.1 percent, compared to 5 percent for the previous twelve months.

The gross domestic debt was NOK 5.086 billion at the end of September, according to K2 figures provided by Statistics Norway.

Households’ gross domestic debt totalled NOK 3.021 billion at the end of September. The twelve-month growth was 6.1 percent to end of September, which is unchanged from the previous month.

While total loans from banks and mortgage companies were unchanged, there has been an increase in debt of local government by 6.4 percent at the end of September, up from 5 percent at the end of August.

The credit indicator C2 provides an important tool for Norges Bank when determining the key interest rates.


Source: NTB scanpix / Norway Today