Current-Account Deficit of ISK 32 Billion ISK (USD 400 million) Skip to content

Current-Account Deficit of ISK 32 Billion ISK (USD 400 million)

The Icelandic current-account deficit for the first four months of 2008 is estimated to be around ISK 6.6 billion. Figures from Statistics Iceland extrapolate that at this rate the amount will total ISK 32 billion for the whole year.

Export decreased by 4.3 percent in April. Profits from manufactured goods decreased by 22.4 percent. Marine exports were around 43 percent of the total export but their value decreased by 7.1 percent. Mbl.is reports

Import increased by 1.2 percent for the first four months of the year. The largest increase was in fuel, operational goods and raw material. Investments and the importation of aircraft decreased over the period.

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

– From 3€ per month

Share article

Facebook
Twitter

Recommended Posts