Iceland Balance of Payments Iceland Balance of Payments. Use the following Iceland balance of payments data from the IMF to answer questions 3.18 through 3.21. 3.20 Is Iceland experiencing a net capital inflow? 3.21 What is Iceland's Total for Groups A and B? 3.22 What is Iceland's Total for Groups A through C? 3.23 What is Iceland's Total for Groups A through D? 3.24 Does Iceland's BOP balance? Assumptions (billions of US dollars) A. Current account balance B. Capital account balance C. Financial account balance D. Net errors and omissions E. Reserves and related items 2008 -4,149 -12 7,367 -4,619 1,413 2009 -669 -11 -21,039 6,571 15,148 2010 -308 -11 -11,967 2,263 10,023 2011 -605 -13 -7,348 2,839 5,127 2012 -937 -10 1,047 -1,091 991 2013 888 -11 -942 197 -132 2014 616 -14 3,010 -23 -3,588 2015 709 -11 70,111 368 -71,177 And A- Anno Annn