International investment position
Foreign assets totalled 3,837 b.kr. at the end of the quarter, while foreign liabilities totalled 3,811 b.kr. The net position is therefore positive by 26 b.kr., or roughly 1.1% of GDP. The net position improved by 36 b.kr., or 1.5% of GDP, between quarters.
Net financial transactions improved the international investment position by approximately 113 b.kr., as liabilities declined by 113 b.kr. and foreign assets did not change as a result of financial transactions.
Price and exchange rate movements had a negative impact on the international investment position in the amount of 79 b.kr. during the quarter. The króna appreciated against most other major currencies during the quarter, or by 5.8% in terms of the trade-weighted index.