12.03.2003

The Balance of Payments in 2002

 

Press Release number 4/2003 on the balance of payments in 2002, dated March 7, 2003, needs to be corrected on the basis of revised external debt data.  Based on new provisional figures, the surplus on the current account was 1.8 billion ISK in 2002. The international investment position was negative by 544.4 billion ISK at the end of 2002 compared to 594 billion in 2001.

Summary balance of payments in billions of krónur

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October-

December

January-

December

2001

2002

2001

2002

Current account

6.9

-0.6

-29.0

1.8

 Export of goods &   services

82.7

72.1

303.6

307.3

 Import of goods & services

-73.5

-71.1

-307.3

-293.5

 Income and current transfers, net

-2.3

-1.5

-25.4

-12.1

Capital and financial account

3.9

2.9

32.0

1.7

 Financial  flow excl. reserves

2.6

-8.0

26.8

7.5

 Reserve assets

1.3

11.0

4.8

-5.7

Net errors and omissions

-10.8

-2.4

-3.0

-3.5

 

Detailed information on the balance of payments and the international investment position is available on the website of the Central Bank of Iceland (see Statistics).

 

 

Nr. 6/2003
March 12, 2003

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