Current account deficit 10.1 b.kr. in Q1/2023 – net IIP positive by 26.3% of GDP
The current account deficit measured 10.1 b.kr. in Q1/2023. This represents an improvement of 12.9 b.kr. relative to the previous quarter and 21.7 b.kr. relative to Q1/2022.
The net international investment position was positive by 1,022 b.kr., or 26.3% of GDP, and improved by 50 b.kr., or 1.3% of GDP, during the quarter.
This is included in new information published on the Central Bank of Iceland website, showing the preliminary balance of payments in Q1/2023 and the external position of the economy at the end of the quarter.
See here the press release:
1 June 2023