Decrease in inward and outward settlement flows

Published:

Updated:

Incoming bank settlement flows was almost unchanged from the second quarter of 2017 to the third quarter of 2017. Outgoing settlement decreased from the previous quarter; slightly down by 16 billion.

Settlements from foreign countries to Norwegian bank accounts amounted to NOK 547 billion in the third quarter of 2017. This was a decrease of 0.4 per cent from the second quarter of 2017. Outgoing settlements from Norwegian non-financial enterprises and private persons showed a decrease of 2.8 per cent from the first quarter of 2017. The total outgoing settlements sent abroad reached NOK 548 billion in the third quarter of 2017.

Figure 1. External settlements between Norway and abroad

Quarter Incoming value Outgoing value
2011K1 406.402 402.841
2011K2 421.318 381.063
2011K3 393.270 371.996
2011K4 351.234 368.359
2012K1 454.010 458.148
2012K2 486.953 452.372
2012K3 448.834 458.701
2012K4 485.571 487.053
2013K1 453.077 436.389
2013K2 513.489 499.662
2013K3 485.897 488.614
2013K4 585.377 594.157
2014K1 519.514 540.258
2014K2 489.351 503.244
2014K3 464.291 525.199
2014K4 582.781 643.014
2015K1 516.905 515.538
2015K2 547.022 554.259
2015K3 509.864 564.647
2015K4 606.315 601.438
2016K1 518.032 582.145
2016K2 564.346 580.997
2016K3 563.045 552.744
2016K4 606.273 633.790
2017K1 559.236 560.146
2017K2 549.734 563.432
2017K3 547.394 547.635

¹The third quarter of 2017 were first computed based on the lacking source data. Both ingoing and outgoing bank transfers increased due to updated data source, and all tables are updated.

Read also on ssb.no

Statistics

Contact