International investment position

01. September

Q2/2020

The net international investment position was therefore positive by 838 b.kr., or 28.5% of GDP, and improved by 143 b.kr., or 4.9% of GDP, during the quarter. Foreign assets totalled 4,475 b.kr. at the end of the quarter, while foreign liabilities totalled 3,636 b.kr. Net financial transactions improved the net international investment position by 22 b.kr. during the quarter, as external assets increased by 83 b.kr. due to financial transactions and external liabilities increased by 61 b.kr. The value of assets and liabilities rose somewhat because of price and exchange rate movements, which caused the net external position to increase by 137 b.kr. Prices in foreign securities markets rose by 18.8%, and domestic share prices rose by nearly 20%. The króna remained stable in terms of the trade-weighted index.

A table showing the currency composition of Iceland’s IIP has been published on this site. The table shows the currency breakdown of Iceland’s external assets and liabilities at the end of 2018 and 2019, classified according to seven currency groups. The purpose of the publication is to provide a clearer view of Iceland’s external assets and liabilities. As of end-2019, the US dollar constituted the largest share of assets (51%), followed by the euro (33%). On the liabilities side, the euro constituted the largest share (36%), followed by the Icelandic króna (29%) and the US dollar (22%).

Supervisor: Information Technology and Statistics | bop@cb.is