NEWS RELEASE NATIONAL ACCOUNTS 01 APRIL 2015

The financial assets of non-financial corporations in Iceland increased by 13% and liabilities decreased by 7% between 2012 and 2013, standing at 4,390 billion ISK and 7,015 billion ISK respectively at the end of 2013. The financial net worth of this sector decreased by 28% during this time, at 2,625 billion ISK, or 140% of the GDP, at the end of 2013.

The financial net worth of financial corporations sector was negative at 6,449 billion ISK at the end of 2013, although included within this result are financial corporations in winding-up proceedings, whose net worth was negative at 6,485 billion ISK at this time. Not including the latter, the financial corporations registered a positive financial net worth at 36 billion ISK during this period.

The general government sub-sectors recorded a negative financial net worth at 973 billion ISK at the end of 2013, but saw an increase by 2.1% from the previous year.

Households and Non-profits serving households also recorded an increase in financial net worth of 7.9% at 2,487 billion ISK, or 132.2% of the GDP between the years. Total financial assets of said sector were 4,232 billion ISK at the end of 2013, of which pension benefits comprised roughly two-thirds. Total shares and equity held by households dropped by a little more than 20% between the years and stood at 190 billion ISK at the end of 2013. Total liabilities of the household and non-profit sector increased by 5% between the years, coming up to 1,745 billion ISK at the end of 2013.

Total financial assets and liabilities of all resident sectors of the Icelandic economy (including non-financial and financial corporations, households, non-profit-institutions-serving-households (NPISHs) and the general government) stood at 24,122 billion ISK and 31,682 billion ISK respectively, registering a decrease in financial net worth of 8.1% from the previous year.

Foreign sector’s holdings of Icelandic net financial assets were positive at 7,569 billion ISK at the end of 2013, but have decreased by 8.2% from the previous year.

Next scheduled publication of financial accounts is in September 2015.

Further information on method and various classifications in financial accounts, see metadata.

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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