Balance of payments in the first quarter of 2015 and the international investment position
The Central Bank of Iceland has published on its website the preliminary statistics for the balance of payments in the first quarter of 2015, and for the external position at the end of the quarter.
The current account balance was positive by 3.3 b.kr. during the quarter, as opposed to a positive balance of 29.7 b.kr. in the preceding quarter. The balance on goods trade was negative by 2.1 b.kr., while the balance on services trade was positive by 19.5 b.kr. The balance on primary income was negative by 10.8 b.kr. and secondary income by 3.2 b.kr. The current account balance excluding the effects of deposit institutions in winding-up proceedings was positive by 12 b.kr., as opposed to a surplus of 38.6 b.kr. in the preceding quarter.
The press release with tables on the balance of payments in the first quarter of 2015 and the international investment position is available here:
The underlying external position of the economy at the end of the first quarter of 2015