International investment position

02. March

Q4/2020

The net international investment position was positive by 1,039 b.kr., or 35.3% of GDP, and improved by 83 b.kr., or 2.8% of GDP, during the quarter. Foreign assets totalled 4,441 b.kr. at the end of the quarter, while foreign liabilities totalled 3,402 b.kr. Net financial transactions improved the net international investment position by 77 b.kr. during the quarter, as external assets declined by 13 b.kr. due to financial transactions and external liabilities fell by 90 b.kr. Asset values declined by 58 b.kr. during the quarter, owing to price and exchange rate movements, and liabilities fell in value by 47 b.kr. On the whole, price and exchange rate movements led to a 12 b.kr. deterioration in the net international investment position. Prices in foreign securities markets rose by just over 14%, and prices in the domestic stock market rose by 22.4%. The króna appreciated by 4% in terms of the trade-weighted index.

Supervisor: IT & Statistics | bop@cb.is