Press Release number 4/2003 on the balance of payments in 2002, dated March 7, 2003, needs to be corrected on the basis of revised external debt data. Based on new provisional figures, the surplus on the current account was 1.8 billion ISK in 2002. The international investment position was negative by 544.4 billion ISK at the end of 2002 compared to 594 billion in 2001.
Summary balance of
payments in billions of krónur
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October-
December
January-
December
2001
2002
2001
2002
Current account
6.9
-0.6
-29.0
1.8
Export of goods & services
82.7
72.1
303.6
307.3
Import of goods & services
-73.5
-71.1
-307.3
-293.5
Income and current transfers, net
-2.3
-1.5
-25.4
-12.1
Capital and financial account
3.9
2.9
32.0
1.7
Financial flow excl. reserves
2.6
-8.0
26.8
7.5
Reserve assets
1.3
11.0
4.8
-5.7
Net errors and omissions
-10.8
-2.4
-3.0
-3.5
Detailed information on the balance of payments and the international investment position is available on the website of the Central Bank of Iceland (see Statistics).
Nr. 6/2003
March 12, 2003