Statistics Iceland has revised financial accounts data for the years 2003-2012. According to the main results, the total financial assets of all the 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 22,600 billion ISK at the end of 2012.
Foreign sector’s holdings of Icelandic assets at the same time were 13,096 billion ISK, mostly on account of liabilities of financial corporations in winding- up proceedings towards foreigners in the aftermath of the 2008 financial crisis.
The financial net worth of the financial corporations’ sector stood at 253 billion ISK (negative by 7,491 billion ISK if financial corporations in winding-up proceedings are included) in 2012.
Total financial assets and liabilities of households (and NPISHs) during the same period stood at 3,795 and 1,676 billion ISK, respectively. The financial net worth of households increased from 1,896 to 2,119 billion ISK or by 11.8% between 2011 and 2012.
The total financial assets of the non-financial corporations in Iceland stood at 6,342 billion ISK and the liabilities at 8,211 billion ISK at the end of 2012. The financial assets increased by 9.4% between 2011-2012 while at the same time the liabilities decreased by 1.9%.
The financial net worth of the general government was negative by 949 billion ISK at the end of 2012, which equals an increase by 8.5% from 2011 when the financial net worth was negative by 875 billion ISK.
Next scheduled publication of financial accounts: September 2014
Financial accounts – further information on method and various classifications, see metadata.
Financial Accounts: Stocks 2003-2012 - Statistical Series