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/en/utenriksokonomi/statistikker/betalstr/kvartal
175713
Reduced settlement flows
statistikk
2014-08-21T10:00:00.000Z
External economy;External economy
en
betalstr, Cash flows between Norway and abroad, register of Cross Borders and Transactions and Currency Exchange, banking transactions (for non-financial enterprises and private individuals), incoming and outgoing payments, country areas, main business sectors (for example manufacturing, electricity and water supply, fishing)Balance of payments, Foreign assets and liabilities , External economy
false
The purpose of the statistics is to indicate main features of cross border economical activity between Norway and foreign countries.

Cash flows between Norway and abroad, Q2 2014

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Reduced settlement flows

Both inward and outward bank settlement flows decreased from the first quarter of 2014 to the second quarter of 2014. The largest decrease was for outgoing transfers.

External settlements for non-financial enterprises and private individuals, NOK millionPublished 21 August 2014
2nd quarter 2014Change in per centChange in per cent
NOK million1st quarter 2014 - 2nd quarter 20142nd quarter 2013 - 2nd quarter 2014
Incoming value489 351-5.8-4.7
Outgoing value503 244-6.90.7

Source: Statistics Norway

Settlements from foreign countries to Norwegian bank accounts amounted to NOK 489 billion in the second quarter of 2014. This was a decrease of 5.8 per cent, down NOK 30 billion from the first quarter.

Outgoing settlements from Norwegian non-financial enterprises and private persons showed a decrease of 6.9 per cent, or NOK 37 billion, from the first quarter. The total settlements sent from Norwegian non-financial enterprises and private persons to foreign countries reached NOK 503 billion.

However, compared with the second quarter of 2013, incoming settlements decreased by NOK 24 billion. This was a decrease of 4.7 per cent. In the same period, outgoing settlements increased by 0.7 per cent, going up by NOK 4 billion.

Decrease in settlements from EU countries except Nordic countries

The decrease in the inward settlements was mainly due to a decrease in transfers from EU countries except Nordic countries, which went down by NOK 31 billion from the first quarter. The inward settlements from EU countries except Nordic countries ended at NOK 225 billion in the second quarter of 2014.

Outgoing bank transfers from Norway to Nordic countries decreased by NOK 27 billion from the previous quarter; down by 14.0 per cent.

Decrease in transfers to manufacturing, increase to the mining and quarrying industry

Enterprises within manufacturing received NOK 143 billion from abroad in the second quarter of 2014. This was a decrease of NOK 14 billion from the first quarter, equivalent to a decrease of 8.9 per cent. Bank transfers to the mining and quarrying industry increased, and ended at NOK 102 billion; NOK 6 billion more than in the previous quarter, which is a rise of 6.3 per cent.

Norwegian enterprises sent NOK 493 billion abroad in the second quarter of 2014, which was NOK 38 billion less than in the first quarter. It was specially enterprises within manufacturing and the mining and quarrying industry that decreased their settlements to foreign countries, with a fall of NOK 28 billion and NOK 9 billion respectively.

Inward transfers lower than outwards

Bank settlements from Norway to foreign countries surpassed the amount being sent to Norway, meaning that NOK 14 billion more money was sent out of Norway than was sent into Norway.