Current account deficit of 1.2 in Q3 2020 - Net international investment position positive by 33.5% of GDP

In Q3/2020, the current account showed a deficit of 1.2, as compared with a deficit of 5.9 in the previous quarter. The deficit on goods trade totalled 33.9, while the surplus on services trade totalled 20.4 There was a 13.5 surplus on primary income and a 1.1 deficit on secondary income. The net international investment position was positive by 969, or 33.5% of GDP, and improved by 142, or 5% of GDP, during the quarter. The Central Bank has revised its quarterly statistics on the balance of payments and the IIP back to 1995.

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No gender-based pay gap at the Central Bank of Iceland

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The Central Bank of Iceland’s gender-based pay gap in 2020 is 1.6% in favour of women, according to the pay...

Webcast started at 10:00

18 November 2020
The statement of the Central Bank of Iceland's Monetary Policy Committee (MPD) and the Committee's interest...

Statement of the Monetary Policy Committee

18 November 2020
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest...