International investment position

01. June

Q1/2021

The net international investment position was positive by 1,069 b.kr., or 36.2% of GDP, and improved by 9 b.kr., or 0.3% of GDP, during the quarter. Foreign assets totalled 4,485 b.kr. at the end of the quarter, while foreign liabilities totalled 3,415 b.kr. Net financial transactions improved the net international investment position by 15 b.kr. during the quarter, as external assets increased by 69 b.kr. due to financial transactions and external liabilities increased by 54 b.kr. Asset values declined by 43 b.kr. during the quarter, owing to price and exchange rate movements, and liabilities fell in value by 46 b.kr. On the whole, price and exchange rate movements led to a 4 b.kr. improvement in the net international investment position. Prices in foreign securities markets rose by just over 4%, and prices in the domestic stock market rose by 14.1%. The króna appreciated by 4,4% in terms of the trade-weighted index.

Supervisor: IT & Statistics | bop@cb.is