Norwegian households have 3,992 billion kroner in debt

The twelve-month growth in debt of Norwegian households was 5% at the end of November, down from 5.1% the month before.

In total, the domestic debt of Norwegian households amounted to NOK 3,992 billion at the end of November, Statistics Norway (SSB) states. That is 19 billion more than at the end of October.

Statistics Norway writes that the twelve-month growth in the public’s domestic loan debt was 5.1% until the end of November, down from 5.3% the month before.

In this context, the term “public” means the municipal administration, non-financial corporations, and households.

At the end of November 2021, the public’s domestic loan debt (C2) was NOK 6,628 billion.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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