Iceland Balance of Trade  Forecast


Iceland Balance of Trade
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Balance of Trade in Iceland is expected to be -12155.57 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Iceland to stand at -5480.00 in 12 months time. In the long-term, the Iceland Balance of Trade is projected to trend around -4110.00 ISK Million in 2020, according to our econometric models.


Iceland Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -20100 -12156 -9518 -7861 -5480 -4110
Exports 41700 44836 44737 44398 44064 41585
Imports 61800 59761 59715 59431 59157 56995
Current Account 68.14 32.47 19.74 37.38 35.74 21.05
Current Account to GDP 8 4.5 4.5 4.5 4.5 4
External Debt 2252 1950 1900 1850 1800 1400
Capital Flows 71.85 -5.97 8.38 -38.4 -9.75 -10.19
Gold Reserves 1.98 1.97 1.97 1.97 1.97 1.96
Terrorism Index 0.13 0.17 0.11 0.05 0 0.09
Tourist Arrivals 284124 181400 157100 140200 125600 72900
Remittances 1065 456 438 401 332 270
Foreign Direct Investment -357 -42 -23 32 45 55