International investment position

04. March

Q4/2018

According to the preliminary figures, foreign assets totalled 3,386 b.kr. at the end of the quarter, while foreign liabilities totalled 3,110 b.kr. The net external position was therefore positive by 276 b.kr., or 9.9% of GDP, and deteriorated by 77 b.kr., or 2.8% of GDP, during the quarter.

Net financial transactions improved the international investment position by 41 b.kr. during the quarter, as foreign assets increased by 13 b.kr. as a result of financial transactions, while liabilities declined by 28 b.kr.

Exchange rate movements and price changes had a negative impact on the external position in the amount of 78 b.kr., owing mainly to a decline of nearly 13% in prices on foreign securities markets. On the other hand, the exchange rate of the króna fell by just over 3% in trade-weighted terms.