Current account deficit 39.1 b.kr. in Q2 2022 – net IIP positive by 24.7% of GDP
Iceland’s current account showed a deficit of 39.1 b.kr. in Q2/2022. This represents an improvement of 5.9 b.kr. relative to the previous quarter but a deterioration of 6.4 b.kr. relative to Q2/2021. The deficit on goods trade totalled 40.2 b.kr., while the surplus on services trade totalled 33.3 b.kr. The deficit on primary income was 22.3 b.kr., and the deficit on secondary income was 9.8 b.kr. The net international investment position was positive by 863 b.kr., or 24.7% of GDP, and deteriorated by 200 b.kr., or 5.7% of GDP, during the quarter. Foreign assets totalled 4,600 b.kr. at the end of the quarter, while foreign liabilities totalled 3,737 b.kr.
See press release no. 17/2022: Current account deficit 39.1 b.kr. in Q2/2022 – net IIP positive by 24.7% of GDP