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  1. $Title{Table 11.: BALANCE OF PAYMENTS (In millions of US dollars)}
  2.  
  3.                                        1984      1985      1986       1987       1988       1989
  4.  
  5.                                       _____     _____     _____      _____      _____      _____
  6. Imports (f.o.b.)                     -754.5    -814.1    -998.7    -1425.4    -1438.8    -1270.5
  7. Exports (f.o.b.)                      744.0     813.8    1095.7     1374.4     1431.1     1401.2
  8. Trade balance                         -10.5      -0.3      97.0      -51.0       -7.6      130.7
  9.  
  10. Transportation:
  11.   Receipts                            164.4     216.4     205.5      215.6      210.0      194.5
  12.   Payments                           -156.4    -209.7    -166.0     -184.2     -204.7     -179.6
  13. Travel:
  14.   Receipts                             34.7      42.5      59.5       86.1      108.6      109.2
  15.   Payments                            -85.0     -94.4    -129.7     -212.8     -229.8     -205.0
  16. Investment income:
  17.   Receipts                             14.4      14.5      17.7       23.1       22.2       28.3
  18.   Payments                           -158.2    -149.6    -169.4     -184.1     -211.9     -254.9
  19. Net revenue generated by NATO
  20.    Defence force                       87.4      75.3     107.9      124.1      118.6      127.9
  21. Other services
  22.   Receipts                             54.0      55.1      71.6      107.8       88.1       78.5
  23.   Payments                            -75.2     -65.8     -80.6     -112.1     -108.1     -110.4
  24. Net services                         -119.9    -115.7     -83.5     -136.5     -206.9     -211.5
  25.  
  26. Balance on goods and services        -130.4    -116.0      13.5     -187.5     -214.5      -80.8
  27. Transfer payments, net                  0.8       0.2       3.9       -0.6       -1.0       -3.2
  28. Current account balance              -129.6    -115.8      17.4     -188.1     -215.5      -84.0
  29.  
  30. Direct investment, long term           14.7       1.2       0.9        5.4        3.2       -1.3
  31. Direct investment, short term          -1.8      22.9       5.3       -3.6      -18.3      -31.3
  32. Private long term loans, net          -23.5      -3.6      23.3       21.5       -6.4       28.2
  33. Private short term loans, net         -14.5      63.9      11.5        4.4      -63.7       36.0
  34. Official long term loans, received    128.4     134.1     139.0       72.4      112.8      161.2
  35. Repayments of official long term
  36.   loans                               -43.5     -39.4     -60.4      -59.3      -41.9      -48.3
  37. Official short term capital
  38.   movements, net                        7.2      -5.3      -6.4        0.1        0.9        0.1
  39. Financial institutions:
  40.   Long term loans received             85.8      84.0     105.0      195.4      226.1      217.0
  41.   Repayments of long term loans       -45.1     -43.1     -58.2      -55.4      -66.2      -79.0
  42. Deposit money banks short term
  43.   loans (relent)                       44.9      63.5     -56.5       71.1       76.0     -140.2
  44. Deposit money banks net foreign
  45.   liquidity                           -22.6       7.9      -8.8       -6.0      -17.2       -5.4
  46. Central bank: short term
  47.   liabilities                          17.1     -52.8       2.1      -16.6       16.7      -21.4
  48. Capital account balance               147.1     233.3      96.8      229.4      222.1      115.6
  49. Allocation of SDRs                        -         -         -          -
  50. Errors and omissions                  -29.6     -53.6     -29.7      -73.6       -2.4       13.4
  51.  
  52. Overall balance                        12.1     -63.9     -84.5       32.3       -4.2      -45.0
  53.  
  54. Source: Central Bank of Iceland
  55.