The Central Bank of Iceland has published on its website the preliminary statistics for the balance of payments in the first quarter of 2009, and for the external position at the end of the quarter.
The deficit on the current account totalled 49.4 b.kr. for the first quarter, which is a considerably smaller deficit than in the quarters immediately preceding. The trade account showed a surplus of over 14 b.kr.; thus the current account deficit is attributable to the 59 b.kr. deficit on the income account and the 2.6 b.kr. deficit on the services account.
See further:
No. 18/2009
June 4, 2009