The Central Bank of Iceland published preliminary balance of payments data for Q3 2025 and updated external position statistics, showing a current account surplus of ISK 26.9bn (2.1% of GDP) and a net international investment position (NIIP) of ISK 2,101bn (43.2% of GDP) at quarter-end. The current account improved by ISK 137.3bn from the previous quarter but was ISK 14.1bn lower than in Q3 2024, while the NIIP strengthened by ISK 252bn during the quarter. The quarterly outturn reflected a services surplus of ISK 137.4bn offsetting a goods deficit of ISK 101.6bn, alongside a primary income surplus of ISK 6.2bn and a secondary income deficit of ISK 15.1bn. The capital account included an unusually large ISK 160.7bn revenue entry linked to an Icelandic biotechnology company’s sale of intellectual property to a foreign entity. External assets rose to ISK 6,789bn and liabilities fell to ISK 4,688bn, with financing increasing assets by ISK 66bn and reducing liabilities by ISK 149bn; price and exchange rate movements added ISK 174bn to assets and ISK 134bn to liabilities.
Central Bank of Iceland 2025-12-04
Central Bank of Iceland publishes Q3 2025 balance of payments showing current account surplus and improved external position
The Central Bank of Iceland reported a Q3 2025 current account surplus of ISK 26.9bn (2.1% of GDP) and a net international investment position of ISK 2,101bn (43.2% of GDP), with improvements driven by a services surplus and significant capital account revenue from an intellectual property sale. External assets increased to ISK 6,789bn and liabilities decreased to ISK 4,688bn, influenced by financing and exchange rate movements.