29 May 2020

Current account surplus 11.4 b.kr. in Q1 - IIP positive by 692 b.kr.

Central Bank of Iceland

The current account surplus measured 11.4 b.kr. in Q1/2020, as compared with a surplus of 50.9 b.kr. in the preceding quarter. The deficit on goods trade totalled 18.6 b.kr., while the surplus on services trade totalled 24 b.kr. There was a 14.2 b.kr. surplus on primary income and a 8.3 b.kr. deficit on secondary income. The net international investment position was positive by 692 b.kr., or 23.3% of GDP, and improved by 64 b.kr., or 2.2% of GDP, during the quarter.

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