Iceland recorded a current account surplus of ISK 11.1 billion in the second quarter of 2019, switching from a ISK 4.4 billion deficit in the corresponding period of the previous year. The primary income surplus widened sharply to ISK 8.6 billion from ISK 0.5 billion in Q2 2018 and the services surplus rose to ISK 52.1 billion from ISK 51.4 billion. In addition, the goods deficit narrowed to ISK 42.7 billion from ISK 51.9 billion while the secondary income gap went up to ISK 6.9 billion from ISK 4.4 billion. Current Account in Iceland averaged -6.51 ISK Billion from 1978 until 2019, reaching an all time high of 99.98 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
2018-12-03 04:00 PM Current Account Q3 ISK76.5B ISK-4.1B ISK 30.2B
2019-03-04 03:30 PM Current Account Q4 ISK0.3B ISK75.1B ISK 5.5B
2019-06-03 09:00 AM Current Account Q1 ISK 35.1B ISK0.8B
2019-09-02 09:00 AM Current Account Q2 ISK 11.1B ISK 40.3B
2019-12-02 09:00 AM Current Account Q3 ISK 11.1B


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -12234.00 -19899.70 24129.00 -28560.00 ISK Million [+]
Current Account 11.15 40.33 99.98 -137.24 ISK Billion [+]
Current Account to GDP 2.80 3.30 7.50 -23.00 percent [+]
Imports 57039.60 71457.00 74566.00 1.21 ISK Million [+]
Exports 44805.60 51557.30 76557.90 0.78 ISK Million [+]
External Debt 2408.15 2331.41 15748.53 280.59 ISK Billion [+]
Capital Flows 97.70 45.80 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 2.00 2.00 1.84 Tonnes [+]
Remittances 1747.00 1526.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.06 0.13 1.22 0.00 [+]
Tourist Arrivals 231281.00 194912.00 291344.00 10592.00 [+]
Foreign Direct Investment 8.49 -43.12 199.98 -553.03 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
11.15 40.33 99.98 -137.24 1978 - 2019 ISK Billion Quarterly
Current Prices, NSA




Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19


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