Balance of payments first quarter 2014 and external positionThe Central Bank of Iceland has published on its website the preliminary statistics for the balance of payments in the first quarter of 2014, and for the external position at the end of the quarter.
The current account balance was negative by 12.1 b.kr. during the quarter, as opposed to a positive balance of 11.2 b.kr. in the preceding quarter. The goods account balance showed a surplus of 9.3 b.kr., and the balance on services was positive by 0.8 b.kr. The balance on income was negative by 22.2 b.kr. The current account balance excluding deposit institutions in winding-up proceedings was negative by 3.5 b.kr., as opposed to a surplus of 20.1 b.kr. in the preceding quarter.
See here press release no. 16/2014, 3 June 2014: