International investment position
The net international investment position was positive by 1,076 b.kr., or 32% of GDP, and deteriorated by 214 b.kr., or 6.4% of GDP, during the quarter. Foreign assets totalled 4,807 b.kr. at the end of the quarter, while foreign liabilities totalled 3,730 b.kr. During the quarter, the position declined by 38 b.kr. as a result of financial transactions, while foreign assets declined by 19 b.kr. due to financial transactions and foreign liabilities increased by 51 b.kr. Asset values declined by 302 b.kr. during the quarter, owing to price and exchange rate movements, and liabilities fell in value by 116 b.kr. Price and exchange rate movements therefore eroded the position by 186 b.kr. Prices in foreign securities markets fell by nearly 5.6% between quarters, and prices in the domestic stock market fell by 4.9%. The króna appreciated by 3.2% in terms of the trade-weighted index.
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