Economic statistics - 01.10.1979, Page 14

V. Balance of Payments
Table 4. The Balance of Payments
(Milliards of krónur)
Jan.-Junel)
1975 1976 1977 19781) 1978 1979
1 Balance of trade . . . -20.6 -4.6 -10.5 8.0 -7.5 4.3
11 Merchandise imports, f.o.b . . . -68.0 -78.1 -112.3 -168.3 -75.5 -106.5
1 1 1 Special investment goods . . . -8.4 -8.4 -13.6 -11.4 -5.6 -8.7
1 111 Ships and aircraft -4.5 -12.3 -7.0 -3.9 -6.7
1112 To the Thjórsá power projects . . . -1.2 -1.3 -0.6 -0.5 -0.2 -0.5
1113 To the aluminium smelter ... 0 0 -0.1 -0.4 0 -0.6
1114 To Krafla power project -2.6 -0.4 -0.1 -0.1 -
1115 To ferro silicon plant -0.3 -3.4 -1.4 -1.1
112 Intermediate goods to alum. smelter . . . -6.5 -6.5 -7.8 -12.7 -6.1 -7.9
113 Intermediate goods to ferro-silicon plant -0.4
114 General imports . . . -53.1 -63.2 -90.9 -144.2 -63.8 -89.4
(Thereof: oil) . . . (-8.6) (-9.6)( -14.7) ( -20.1) (-8.3)( -17.3)
12 Merchandise exports, f.o.b . . . 47.4 73.5 101.9 176.3 68.0 110.8
(Thereof: aluminium) . . . (5.0) (12.4) (14.9) (23.7) (10.9) (16.4)
2 Balance on services account . . . -0.8 0.2 0.8 0.4 0 -5.4
21 Imports of services, total . . . -25.5 -31.8 -42.6 -73.1 -28.5 -48.3
22 Exports of services. total . . . 24.8 32.0 43.4 73.5 28.5 42.9
211 Travel expenditures . . . -2.9 -4.1 -6.7 -11.3 -4.5 -7.5
221 Travel receipts . . . 1.8 2.3 3.1 5.2 1.4 2.3
212 Transportation expenditures ... 10.5 -12.1 -17.2 -33.5 -11.5 -21.9
222 Transportation receipts . . . 13.2 17.2 23.4 41.0 15.9 22.4
213 Interest expenditures . . . -5.1 -7.8 -9.6 -16.0 -6.9 -11.2
223 Interest receipts . . . 0.3 0.6 0.9 1.4 0.7 1.7
214 lnsurance expenditures -2.3 -2.7 -3.3 -1.4 -1.7
224 Insurance receipts . . . 1.6 1.8 2.0 3.2 1.2 5.6
225 Receipts from Defence Force, net . . . 4.2 6.2 8.9 14.6 5.7 6.6
216 Miscellaneous expenditures . . . -4.9 -5.4 -6.3 -8.9 -4.2 -6.0
Of which: aluminium smelter . . . (-2.1) (-2.3) (2.3) (-3.4) (-1.6) (-2.2)
226 Miscellaneous receipts . . . 3.6 4.0 5.2 8.2 3.7 4.4
3 Balance on goods and services . . . -21.4 -4.4 -9.7 8.4 -7.5 -1.1
4 Unrequited transfers, net . . . -0.1 0 0 -0.3 -0.2 -0.5
J Capital account . . . 17.1 8.5 18.4 6.3 3.3 7.3
51 To foreigners . . . 10.4 -12.4 -14.0 -30.8 -13.2 -21.5
52 From abroad . . . 27.5 20.8 32.4 37.1 16.4 28.8
531 Foreign private capital (for investment) . . . 0.4 0.5 1.0 2.2 0.7 1.8
532 Foreign private capital (for operations) . . . 6.1 0.3 0.5 0.1 -0.1 -1.9
541 Amortization of private debt . . . -2.2 -2.9 -3.6 -6.5 -2.3 -3.0
542 New private borrowing . . . 2.4 3.3 6.5 10.5 1.7 3.5
543 Short-term private capital movements . . . -3.6 -4.1 -2.9 -8.5 -1.8 0.2
551 Amortization of official debt . . . -2.1 -2.8 -4.2 -8.8 -3.6 -5.3
JJ2 New official borrowing . . . 11.9 10.2 19.4 17.0 5.3 13.0
553 Short-term official capital movements . . . 0.9 1.0 0.5 -2.0 1.8 -0.1
561 Amortization of financial institutions debt .... . . . -1.7 -2.5 -3.3 -5.0 -2.3 -4.3
562 New borrowing by financial institutions . . . 6.8 5.4 4.5 7.3 3.8 3.4
6 Allocation of Special Drawing Rights . . . - - - - 1.2
7 Net errors and omissions . . . -0.5 -0.8 -2.8
8 Overall balance of payments . . . -4.8 3.4 6.0 14.5 -4.4 7.0
81 Foreign exchange items ... -5.1 -2.3 2.9 1.7 -0.3 7.7
811 Central Bank liabilities . . . . . . -5.8 -4.6 2.6 1.4 0.9 7.9
812 Clearing accounts . . . 0.1 2.0 - - - -
813 Commercial banks, net ... 0.6 0.3 0.3 0.3 -1.2 -0.2
82 Foreign exchange reserves of the Central Bank . . . ... 0.3 5.6 3.1 12.8 -4.1 -0.7
Conversion rate: 1 U.S. dollar . . . 153.6 181.9 198.8 271.5 247.9 328.4
I) Provisional