Economic statistics - 01.02.1995, Blaðsíða 14

V. Balance of Payments
Table 4. Balance of Payments
1994
Millions of krónur 1991 1992 1993 19943> / II III 1 V3)
1 Balance of trade 11 -3079 -76 12268 20508 8656 3946 4436 3470
11 Merchandise exports, f.o.b 91560 87833 94658 113472 26879 28135 27070 31388
111 Fish products 73236 69881 74571 85735 21347 21875 21202 21311
112 Aluminium and ferro-silicon 9841 9710 10619 13523 3256 3561 2849 3857
113 Other 8483 8242 9468 14214 2276 2699 3019 6220
12 Merchandise imports, f.o.b -94639 -87909 -82390 -92964 -18223 -24189 -22634 -27918
121 Specific investment goods -7162 -7106 -2211 -4203 -16 -783 -1296 -2108
1211 Ships and aircraft -6296 -6589 -1808 -4154 -1 -773 -1282 -2098
1212 Other -866 -517 -403 -49 -15 -10 -14 -10
122 Intermediate goods to manufact. industry -5945 -5131 -4875 -5248 -1295 -1171 -1201 -1581
123 General imports -81532 -75672 -75304 -83513 -16912 -22235 -20137 -24229
1231 Oil -7406 -7087 -7357 -7237 -1231 -2048 -1379 -2579
1232 Other -74126 -68585 -67947 -76276 -15681 -20187 -18758 -21650
2 Balance on services account1) -14969 -11924 -11931 -10388 -4583 -3324 321 -2802
21 Exports of services, total 38160 38827 46120 49302 9194 11976 16591 11541
211 Travei receipts 8036 7395 8945 9637 1182 2054 4302 2099
212 Transportation receipts 12991 12162 15627 17026 3154 4617 5439 3816
213 Interest receipts 1783 2375 2631 2430 593 684 526 627
214 Receiptsfrom Defence Force, net 9439 9757 9061 9547 2124 2137 3041 2245
215 Miscellaneous receipts 5911 7138 9856 10662 2141 2484 3283 2754
22 Imports of services, total -53129 -50751 -58051 -59690 -13777 -15300 -16270 -14343
221 Travel expenditures -17279 -16562 -17918 -17514 -3319 -4265 -5068 -4862
222 Transportation expenditures -11943 -10840 -12849 -13661 -2907 -3769 -3818 -3167
223 Interest expenditures -16580 -15994 -17246 -17597 -4457 -4908 -4476 -3756
224 Miscellaneous expenditures -7327 -7355 -10038 -10918 -3094 -2358 -2908 -2558
3 Balance on goods and services -18048 -12000 337 10120 4073 622 4757 668
4 Unrequited transfers, net -301 -360 -155 -919 -143 -280 -126 -370
5 Capital account2) 17768 16205 -5332 -25176 5998 -19491 -2436 -9247
51 Direct investment, net 1628 524 213 -80 -31 81 -117 -13
52 Portfolio investment, net 1316 -921 -2785 -7505 -1062 -3412 -921 -2110
53 New long-term foreign borrowing 29588 32195 29910 32670 18246 1277 7686 5461
531 Publicsector 14890 19670 13764 25285 14599 116 6175 4395
532 Financial institutions 9218 9784 14959 6303 3647 64 1511 1081
533 Private sector 5480 2741 1187 1082 0 1097 0 -15
54 Amortization of long-term debt -15016 -19120 -23558 -40100 -5797 -15841 -7570 -10892
541 Public sector -3940 -9117 -7752 -15519 -1812 -9076 -2416 -2215
542 Financial institutions -7172 -7505 -12484 -18336 -2604 -4781 -4770 -6181
543 Private sector -3904 -2498 -3322 -6245 -1381 -1984 -384 -2496
55 Short-term capital movements 1454 2979 -7253 -7572 -4962 881 -2896 -595
551 Public sector -1377 1525 -250 -110 -606 327 392 -223
552 Financial institutions 1964 770 -3117 -6752 -4368 912 -1831 -1465
553 Private sector 867 684 -3886 -710 12 -358 -1457 1093
56 Deposit money banks' net foreign liquidity . -1202 548 -1859 -2589 -396 -2477 1382 -1098
7 Net errors and omissions 1305 662 -598 1990 -3226 4322 -3552 4446
8 Overatl balance of payments 724 4507 -5748 -13985 6702 -14827 -1357 -4503
81 Central Bank total reserves 889 4185 -4074 -11156 5641 -11741 -2195 -2861
82 Central Bank short-term liabilities -165 322 -1674 -2829 1061 -3086 838 -1642
Conversion rate: 1 U.S. dollar 59.04 57.52 67.74 69.83 72.05 70.94 68.23 67.73
1) The trade and services sections were changed in the May 1992 issue 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 production of alumini-
um and ferro-silicon have been summed up in line 122. In the services account section the itemization of receipts is completed before that of expend-iture.
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 capital) 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 (portfolio investment), showing net capital move-
ments 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. 3) Preliminary figures.
12