03 December 2012

BoP in the Q3 2012 and the external position

The Central Bank of Iceland has published on its website the preliminary statistics for the balance of payments in the third quarter of 2012, and for the external position at the end of the quarter.

The current account balance was positive by 29.4 b.kr. in the third quarter, as opposed to a negative balance of 52.8 b.kr. in the preceding quarter. The goods account showed a surplus of 21.2 b.kr., and the services account was positive by 34.8 b.kr. The balance on income, however, was negative by 26.6 b.kr. The current account balance excluding deposit institutions in winding-up proceedings was positive by 49.6 b.kr., as opposed to a deficit of 17.2 b.kr. in the preceding quarter.

See press release here (pdf)

No. 43/2012
3 December 2012