Iceland Current Account  1978-2017 | Data | Chart | Calendar | Forecast

Iceland's current account surplus widened to ISK 44.7 billion in the fourth quarter of 2016 from ISK 16.0 billion in the same quarter of 2015. The services surplus increased sharply to ISK 43.4 billion compared with ISK 23.2 billion a year earlier, and the primary income surplus went up to ISK 19.3 billion surplus from ISK 11.7 billion. Meanwhile, the goods deficit narrowed to ISK 13.3 billion from ISK 14.7 billion in the previous year, and the secondary income gap rose to ISK 4.8 billion from ISK 4.2 billion. Considering 2016 full year, the current account surplus widened to ISK 193.5 billin from ISK 121.1 billion in 2015. Current Account in Iceland averaged -8.35 ISK Billion from 1978 until 2016, reaching an all time high of 100.67 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 Reference Actual Previous Consensus Forecast (i)
2016-09-02 04:00 PM Q2 ISK 31.8B ISK 12.3B ISK 5.6B
2016-12-02 04:10 PM Q3 ISK 100.4B ISK 32.5B ISK 51.4B
2017-03-02 04:00 PM Q4 ISK 44.7B ISK 100.7B ISK 46.2B
2017-06-02 04:00 PM Q1 ISK 44.7B ISK 15.5B
2017-09-04 04:00 PM Q2 ISK 31.9B
2017-12-04 04:00 PM Q3 ISK 61.1B




Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -11200.00 -16106.50 24063.60 -25843.30 ISK Million [+]
Exports 41000.00 39533.10 63354.30 0.78 ISK Million [+]
Imports 52200.00 55639.60 66338.70 1.21 ISK Million [+]
Current Account 44.72 100.67 100.67 -137.24 ISK Billion [+]
Current Account to GDP 4.20 3.30 5.70 -23.20 percent [+]
External Debt 2823222.00 3052311.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 112.57 53.09 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Foreign Direct Investment -78286.00 14919.00 199978.00 -90129.00 ISK Million [+]
Remittances 825.00 521.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.25 1.22 1.22 0.00 [+]
Tourist Arrivals 167806.00 148343.00 241559.00 10592.00 [+]

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



Iceland Current Account Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
44.72 100.67 100.67 -137.24 1978 - 2016 ISK Billion Quarterly
Current Prices, NSA



current account by Country

Last
Australia -3853.00 Dec/16
Brazil 1152.80 Apr/17
Canada -10726.00 Dec/16
China 190.00 Mar/17
Euro Area 44.80 Mar/17
France -3032.00 Mar/17
Germany 30200.00 Mar/17
India -7900.00 Dec/16
Indonesia -2397.00 Mar/17
Italy 3121.40 Mar/17
Japan 2907.70 Mar/17
Mexico -6859.20 Mar/17
Netherlands 17897.70 Dec/16
Russia 22800.00 Mar/17
South Korea 5930.00 Mar/17
Spain -223.00 Feb/17
Switzerland 22022.94 Dec/16
Turkey -3057.00 Mar/17
United Kingdom -12088.00 Dec/16
United States -112382.00 Dec/16