Current-Account Deficit of ISK 32 Billion ISK (USD 400 million)

The Icelandic current-account deficit for the first four months of 2008 is estimated to be around ISK 6.6 billion. Figures from Statistics Iceland extrapolate that at this rate the amount will total ISK 32 billion for the whole year.

Export decreased by 4.3 percent in April. Profits from manufactured goods decreased by 22.4 percent. Marine exports were around 43 percent of the total export but their value decreased by 7.1 percent. Mbl.is reports

Import increased by 1.2 percent for the first four months of the year. The largest increase was in fuel, operational goods and raw material. Investments and the importation of aircraft decreased over the period.

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