Iceland Current Account  1978-2018 | Data | Chart | Calendar | Forecast

Iceland's current account surplus shrank to ISK 68.1 billion in the third quarter of 2017 from a record high of ISK 100.8 billion in the same period of the previous year. The services surplus decreased to ISK 117.5 billion from ISK 122.7 billion and the primary income surplus fell to ISK 1.6 billion from ISK 2.8 billion. In addition, the goods deficit increased sharply to ISK 47.5 billion from ISK 22.5 billion and the secondary income shortfall also rose to ISK 3.5 billion from ISK 2.4 billion a year ago. Considering January to September, the current account deficit narrowed to ISK 91.2 billion from ISK 147.3 billion in the same period of 2016. Current Account in Iceland averaged -7.69 ISK Billion from 1978 until 2017, reaching an all time high of 100.77 ISK Billion in the third quarter of 2016 and a record low of -137.24 ISK Billion in the second quarter of 2008.

Iceland Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-02 04:00 PM Current Account ISK 11.1B ISK 44.6B ISK 15.5B
2017-09-04 04:00 PM Current Account ISK 16.3B ISK 8.2B ISK 36.7B
2017-12-04 04:00 PM Current Account ISK 68.1B ISK 15.0B ISK 51.1B
2018-03-02 04:00 PM Current Account ISK 68.1B ISK 48.1B
2018-06-04 04:00 PM Current Account ISK 32.5B
2018-09-03 04:00 PM Current Account ISK 19.7B


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -5400.00 -26553.00 24063.60 -26553.00 ISK Million [+]
Exports 48500.00 43056.00 63354.30 0.78 ISK Million [+]
Imports 53900.00 69609.00 72899.20 1.21 ISK Million [+]
Current Account 68.14 15.04 100.77 -137.24 ISK Billion [+]
Current Account to GDP 8.00 5.50 8.00 -23.20 percent [+]
External Debt 2251.63 2567.80 13834732.00 280.59 ISK Billion [+]
Capital Flows 71.85 -3.37 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Remittances 1065.00 1102.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.13 0.25 1.22 0.00 [+]
Tourist Arrivals 135240.00 144641.00 284124.00 10592.00 [+]
Foreign Direct Investment -357.44 -21.28 199.98 -357.44 ISK Billion [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Iceland Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Iceland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Current Account - actual data, historical chart and calendar of releases - was last updated on February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
68.14 15.04 100.77 -137.24 1978 - 2017 ISK Billion Quarterly
Current Prices, NSA




current account by Country
Country Last
Australia -9125.00 Sep/17
Brazil -4326.50 Dec/17
Canada -19346.00 Sep/17
China 622.00 Dec/17
Euro Area 37.83 Nov/17
France -928.00 Dec/17
Germany 27800.00 Dec/17
India -7200.00 Sep/17
Indonesia -5760.70 Dec/17
Italy 4881.00 Nov/17
Japan 797.20 Dec/17
Mexico -5527.90 Sep/17
Netherlands 18090.30 Sep/17
Russia 17800.00 Dec/17
South Korea 4090.00 Dec/17
Spain 3040.00 Nov/17
Switzerland 13029.77 Sep/17
Turkey -7700.00 Dec/17
United Kingdom -22784.00 Sep/17
United States -100600.00 Sep/17


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