International investment position
The net international investment position was positive by 692 b.kr., or 23.3% of GDP, and improved by 64 b.kr., or 2.2% of GDP, during the quarter. Foreign assets totaled 4,210 b.kr. at the end of the quarter, while foreign liabilities totaled 3,518 b.kr. Net financial transactions improved the net international investment position by 56 b.kr. during the quarter, as external assets increased by 78 b.kr. due to financial transactions and external liabilities increased by 22 b.kr. The value of assets and liabilities rose markedly because of price and exchange rate movements, which caused the net external position to increase by 22 b.kr. Foreign securities markets fell by 22.5%, and domestic share prices fell by nearly 18%. In addition, the króna depreciated by 12.4% in terms of the trade-weighted index.