Balance of payments in the fourth quarter and international investment position
The Central Bank of Iceland has published on its website the preliminary statistics for the balance of payments in the fourth quarter of 2014, and for the international investment position at the end of the quarter.
The current account balance was positive by 26.7 b.kr. during the quarter, as opposed to a positive balance of 43.2 b.kr. in the preceding quarter. The balance on goods trade was positive by 15.4 b.kr., and the balance on services trade was positive by 11.8 b.kr. The balance on primary income was positive by 3.2 b.kr., whereas secondary income was negative in the amount of 3.8 b.kr. The current account balance excluding the effects of deposit institutions in winding-up proceedings was positive by 35.6 b.kr., as opposed to a surplus of 52.7 b.kr. in the preceding quarter.
The press release with tables on the balance of payments in the fourth quarter of 2014 and the international investment position is available here: Press release no. 5/2015 Balance of payments in the fourth quarter of 2014 and the international investment position