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

Iceland’s current account surplus narrowed to ISK 289 million in the first quarter of 2018 from ISK 5,654 million in the same period of the previous year. The services surplus decreased to ISK 32,560 million from ISK 41,288 million and the goods deficit went down to ISK 27,789 million from ISK 34,916 million. On the other hand, the primary income account posted a deficit of ISK 144 million compared to a ISK 3,543 million surplus in the first quarter of 2017 and the secondary income deficit rose to ISK 4,338 million from ISK 4,262 million. Current Account in Iceland averaged -7.60 ISK Billion from 1978 until 2018, reaching an all time high of 100.58 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
2017-12-04 04:00 PM Current Account ISK 68.1B ISK 15.0B ISK 51.1B
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 ISK0.3B ISK 1.5B
2018-12-03 04:00 PM Current Account ISK 30.5B


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -20900.00 -17288.60 24063.60 -26553.00 ISK Million [+]
Exports 50700.00 53300.00 63354.30 0.78 ISK Million [+]
Imports 71600.00 66200.00 72899.20 1.21 ISK Million [+]
Current Account 0.29 2.17 100.58 -137.24 ISK Billion [+]
Current Account to GDP 3.70 7.70 7.70 -23.20 percent [+]
External Debt 2233.92 2270.76 13834732.00 280.59 ISK Billion [+]
Capital Flows 57.23 7.37 414.27 -418.16 ISK Billion [+]
Gold Reserves 2.00 2.00 2.00 1.84 Tonnes [+]
Remittances 1113.00 1300.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.13 0.25 1.22 0.00 [+]
Tourist Arrivals 165240.00 147551.00 284124.00 10592.00 [+]
Foreign Direct Investment -22.48 -131.06 199.98 -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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.29 2.17 100.58 -137.24 1978 - 2018 ISK Billion Quarterly
Current Prices, NSA




current account by Country
Country Last
Australia -10469.00 Mar/18
Brazil 729.20 May/18
Canada -19496.00 Mar/18
China -341.00 Mar/18
Euro Area 4.62 May/18
France -2917.00 May/18
Germany 12588.73 May/18
India -13000.00 Mar/18
Indonesia -5500.00 Mar/18
Italy 2226.00 May/18
Japan 1938.30 May/18
Mexico -6940.80 Mar/18
Netherlands 21821.00 Mar/18
Russia 22300.00 Jun/18
South Korea 8680.00 May/18
Spain -1516.00 Apr/18
Switzerland 18134.28 Mar/18
Turkey -5890.00 May/18
United Kingdom -17720.00 Mar/18
United States -124105.00 Mar/18


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