According to Statistics Norway, many more bankruptcy announcements were registered in 2023 than in the previous year. Data for the fourth quarter of 2023 also show growth compared to the same period in 2022. A total of 4 bankruptcies were announced last year. This is 517 percent, or 22 more bankruptcy announcements than in 804.
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The highest absolute growth was recorded in the Viken region
The largest percentage increases were recorded in the Nordland and Trøndelag regions, where number of bankruptcies increased by 44 and 43 percent, respectively. However, the largest absolute increase was recorded in the Viken region, where 218 more bankruptcies were announced. None of the regions recorded a decrease in the number of bankruptcies.
Record number of bankruptcies in 2023
There were 2023 bankruptcies filed in the fourth quarter of 1, an 186 percent increase over the same period last year. Eight out of ten bankrupt entrepreneurs, a total of 18, are bankrupt companies, excluding sole proprietorships. economic activities. The increase in the number of company bankruptcies last year was 23 percent compared to 2022. The highest absolute increase was recorded in construction industry, where as many as 181 more bankruptcies were announced. It is also the sector with the highest number of company bankruptcies, 1 in total.
The remaining 772 bankruptcies concerned sole proprietorships, including personal bankruptcies. In this category, the number of bankruptcies increased by 15 percent, which is 99 more than in the previous year. 41 percent of bankrupts operated in the construction industry.
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Source: Statistics Norway (SSB), Photo: pixabay
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