Balance of Payments.

• Position: Statistical Data Included

Table 40. Balance of payments (in millions of NOK) 1997 1999 Goods balance 76 962 10 041 Service balance 131 -7 559 Net interest and transfers -20 976 -18 749 A. Current account balance 56 117 -16 267 Of which: Petroleum activities(1) 153 106 103 828 Shipping(1) 26 047 25 370 Other sectors -123 036 -145 465 B. Net capital transfers -1 287 -754 C. Capital transactions, excl. 2 698 11 035 Norges Bank(2) In the form of: Direct investment -9 869 7 992 Portfolio investment -13 252 22 552 Other financial investment 37 096 11 450 Other capital transactions -11 277 -30 959 (incl. errors and omissions) Distributed among: Central government sector -11 386 -16 600 Local government sector -820 -174 Commercial and savings banks 40 278 13 320 Insurance -18 304 -8 410 Other financial institutions 11 279 2 453 Shipping 2 500 -497 Petroleum activities 5 510 46 882 Other private and state enterprises -15 082 5 020 Other capital transactions -11 277 -30 959 (incl. errors and omissions) D. Norges Bank's net capital outflow. (A + B + C) 57 528 -5 986 E. Valuation changes in Norges Bank's net foreign assets 7 837 28 272 Change in Norges Bank's net foreign assets (D+E) 65 365 22 286 Of which:(3) International reserves 1 033 -29 323 Investment of Government Petroleum Fund 65 774 54 331 1998 Goods balance 79 210 Service balance -10 529 Net interest and transfers -25 178 A. Current account balance 43 503 Of which: Petroleum activities(1) 155 625 Shipping(1) 24 378 Other sectors -136 500 B. Net capital transfers -1 303 C. Capital transactions, excl. 25 324 Norges Bank(2) In the form of: Direct investment 8 523 Portfolio investment 8 895 Other financial investment -29 Other capital transactions 7 935 (incl. errors and omissions) Distributed among: Central government sector 7 216 Local government sector -247 Commercial and savings banks 18 486 Insurance -34 089 Other financial institutions -251 Shipping 3 356 Petroleum activities 1 215 Other private and state enterprises 21 703 Other capital transactions 7 935 (incl. errors and omissions) D. Norges Bank's net capital outflow. (A + B + C) 67 524 E. Valuation changes in Norges Bank's net foreign assets 9 763 Change in Norges Bank's net foreign assets (D+E) 77 287 Of which:(3) International reserves 51 544 Investment of Government Petroleum Fund 54 633 (1) Specified by Norges Bank on the basis of selected goods and service items from the balance of payments.

(2) Negative figures represent net capital outflow.

(3)...