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.