The current account surplus in Iceland rose to ISK 76.5 billion in the third quarter of 2018 from ISK 65 billion in the corresponding period of the previous year. The services surplus widened to ISK 123.7 billion from ISK 115.9 billion a year ago and the primary income surplus jumped to ISK 2.4 billion from 0.2 billion. Also, the goods deficit narrowed to ISK 43.7 billion from ISK 46.5 billion while the secondary income gap advanced sharply to ISK 6 billion from ISK 4.6 billion in the third quarter of 2017. Current Account in Iceland averaged -7.05 ISK Billion from 1978 until 2018, reaching an all time high of 99.57 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
2018-03-02 04:00 PM Current Account ISK2.8B ISK 68.4B ISK 49.1B
2018-06-04 04:00 PM Current Account ISK0.3B ISK2.2B ISK 18.1B
2018-09-03 04:00 PM Current Account ISK1.6B ISK3.2B ISK 1.5B
2018-12-03 04:00 PM Current Account ISK76.5B ISK-4.1B ISK 30.2B
2019-03-04 04:00 PM Current Account ISK76.5B
2019-06-03 04:00 PM Current Account
2019-09-02 04:00 PM Current Account


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade 4600.00 -10967.40 24063.60 -25843.30 ISK Million [+]
Current Account 76.46 -4.13 99.57 -137.24 ISK Billion [+]
Current Account to GDP 3.30 7.50 7.50 -23.00 percent [+]
Imports 53100.00 64068.70 73176.80 1.21 ISK Million [+]
Exports 57600.00 53101.40 63354.30 0.78 ISK Million [+]
External Debt 2358.30 2339.78 15748.53 280.59 ISK Billion [+]
Capital Flows 85.74 -18.75 414.27 -418.16 ISK Billion [+]
Gold Reserves 2.00 2.00 2.00 1.84 Tonnes [+]
Remittances 1404.00 1145.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.06 0.13 1.22 0.00 [+]
Tourist Arrivals 231681.00 291344.00 291344.00 10592.00 [+]
Foreign Direct Investment -36.41 2.13 199.98 -550.71 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
76.46 -4.13 99.57 -137.24 1978 - 2018 ISK Billion Quarterly
Current Prices, NSA




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -815.00 Dec/18
Canada -10343.00 Sep/18
China 546.00 Dec/18
Euro Area 23.25 Nov/18
France -1117.00 Dec/18
Germany 21000.00 Dec/18
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 4805.70 Nov/18
Japan 452.80 Dec/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -176577.00 Sep/18
South Korea 4819.30 Dec/18
Spain 1770.00 Nov/18
Switzerland 14596.00 Sep/18
Turkey -1437.00 Dec/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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