Economic statistics - 01.11.1993, Síða 15

V. Balance of Payments
Tabte 4. Balance of Payments
1992 1993
Millions ofkrónur 1989 1990 1991 1992 IV / II III
1 Balanceoftrade11 7469 4800 -3079 116 -2867 3369 2006 4032
11 Merchandise exports, f.o.b. 80072 92452 91560 87833 22091 20783 22821 24658
111 Fish products 56812 69898 73236 69881 17032 17011 18319 19375
112 Aluminium and ferro-silicon 13317 12017 9841 9710 2386 2200 2471 3193
113 Other 9943 10537 8483 8242 2673 1572 2031 2090
12 Merchandise imports, f.o.b -72603 -87652 -94639 -87717 -24958 -17414 -20815 -20626
121 Specific investment goods -6429 -8390 -7162 -7106 -3388 -244 -412 -581
1211 Ships and aircraft -5841 -7968 -6296 -6589 -3222 -161 -325 -456
1212 Other -588 —422 -866 -517 -166 -83 -87 -125
122 Intermediate goods to manufact. industry —4399 -5655 -5945 -5131 -1043 -1112 -1322 -1146
123 General imports -61775 -73607 -81532 -75480 -20527 -16058 -19081 -18899
1231 Oil -5990 -8343 -7406 -7088 -2712 -1218 -2083 -1249
1232 Other -55785 -65264 -74126 -68392 -17815 -14840 -16998 -17650
2 Balance on services accountn -11591 -12550 -14969 -11924 -3589 -5495 -3215 -523
21 Exports of services, total 30133 36265 38160 38836 9736 7936 10385 15247
211 Travel receipts 6242 8110 8036 7404 1625 1226 2062 3779
212 Transportation receipts 11112 12670 12991 12162 2710 2888 3644 5523
213 Interest receipts 1617 1813 1783 2375 799 563 581 408
214 Receipts from Defence force, net 7308 9234 9439 9757 2919 1747 1847 2501
215 Miscellaneous receipts 3854 4438 5911 7138 1683 1512 2251 3036
22 Imports of services, total —41724 -48815 -53129 -50760 -13325 -13431 -13600 -15770
221 Travel expend tures -11712 -16168 -17279 -16571 —4669 -3497 —4499 -5065
222 Transportation expenditures -10263 -10404 -11943 -10840 -2756 -2677 -2921 -3783
223 Interest expenditures -14568 -16190 -16580 -15994 -3893 -4953 —4007 -4134
224 Miscellaneous expenditures -5181 -6053 -7327 -7355 -2007 -2304 -2173 -2788
3 Balance on goods and services -4122 -7750 -18048 -11808 -6456 -2126 -1209 3509
4 Unrequited transfers, net -185 6 -301 -360 -98 -26 243 -274
5 Capital account21 7778 12110 17768 16205 2080 817 -1367 -8151
51 Direct investment, net -1916 -160 1628 524 14 -48 205 -89
52 Portfolio investment, net 0 0 1316 -921 -486 -223 -354 -654
53 New long-term foreign borrowing 25165 27735 29588 32195 6658 10628 9208 -2133
531 Public sector 9209 8169 14890 19670 2077 8961 7520 -3746
532 Financial institutions 12399 9100 9218 9784 4320 1416 1512 1245
533 Private sector 3557 10466 5480 2741 261 251 176 368
54 Amortization of long-term debt -9220 -11373 -15016 -19120 -5216 -5843 -5119 -4480
541 Pubiic sector -2758 -2908 -3940 -9117 -1752 -3447 -1379 -2083
542 Financial institutions -4517 -6190 -7172 -7505 -2456 -2159 -2446 -2076
543 Private sector -1945 -2275 -3904 -2498 -1008 -237 -1294 -321
55 Short-term capital movements -5944 —4037 1454 2979 1422 -3883 -3947 -514
551 Publicsector 7 -79 -1377 1525 102 -1525 -889 1505
552 Financial institutions -8009 -2085 1964 770 -684 -291 -2498 -369
553 Private sector 2058 -1873 867 684 2004 -2067 -560 -1650
56 Depositmoneybanks’netforeignliquidity . -307 -55 -1202 548 -312 186 -1360 -281
7 Net errors and omissions 325 -38 1305 470 3710 -2203 4326 -642
8 Overall balance of payments 3796 4328 724 4507 -764 -3538 1993 -5558
81 Central Bank total reserves 2574 4280 889 4185 -871 -3706 1872 -3855
82 Central Bank short-term liabilities 1222 48 -165 322 107 168 121 -1703
Conversion rate: U.S. dollar 57.14 58.23 59.04 57.52 59.58 64.58 63.84 70.82
1) The trade and services sections were in the May 1992 issue changed in the following way: Order of appearance has been reversed, (former
line 11 contained imports). Two major groups of merchandise exports have been added below the total. Imported intermediate goods for produc-
tion of aluminium and ferro-silicon have been summed up in line 122. In the services account section the itemization of receipts is completed be-
fore that of expenditures. Insurance receipts and expenditures have been included with miscellaneous receipts and expenditures. 2) As of the
Nov. 1991 issue the following changes have been made in the capital account section (lines 5-56): Former lines 531 and 532 (foreign private cap-
ital) and 565 (NIF contribution) have been added together to form the new line 51 (net direct investment). A new item is also found in line 52 (port-
folio investment), showing net capital movements in and out of lceland on account of domestic parties’ trading in foreign securities and vice versa.
Other modifications are due only to rearranging of figures and appropriate summing up.