02.09.2015

The underlying external position of the economy at the end of the second quarter of 2015

The underlying external position of the economy at the end of the second quarter of 2015

The international investment position was negative by 7,665 b.kr., or 365% of GDP, at the end of the second quarter of 2015. The position excluding the deposit institutions in winding-up proceedings was positive, however, by 114 b.kr., or 5.4% of GDP. Based on the current position and the book value of assets, the winding-up of these deposit institutions is estimated to have a negative effect on the net external position in the amount of 806 b.kr., or about 38% of GDP.

The underlying IIP is therefore estimated to be negative by 691 b.kr., or 33% of estimated GDP, at the end of the second quarter of 2015.

See here further information on the underlying external position of the economy at the end of the second quarter of 2015.pdf

 

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