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

Iceland's current account surplus shrank to ISK 16.3 billion in the second quarter of 2017 from ISK 33.1 billion in the same quarter of the previous year. The services surplus decreased to ISK 60.5 billion from ISK 64.6 billion and the primary income surplus fell to ISK 6.8 billion from ISK 10.8 billion. In addition, the goods deficit increased to ISK 45.8 billion from ISK 39.5 billion and the secondary income shortfall also rose to ISK 5.1 billion from ISK 2.8 billion a year ago. Current Account in Iceland averaged -8.16 ISK Billion from 1978 until 2017, reaching an all time high of 100.85 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
2017-03-02 04:00 PM Current Account ISK 44.7B ISK 100.7B ISK 46.2B
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 16.3B ISK 48.1B


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -9800.00 -20635.70 24063.60 -25843.30 ISK Million [+]
Exports 49700.00 45001.30 63354.30 0.78 ISK Million [+]
Imports 59600.00 65636.90 72899.10 1.21 ISK Million [+]
Current Account 16.29 8.21 100.85 -137.24 ISK Billion [+]
Current Account to GDP 8.00 5.50 8.00 -23.20 percent [+]
External Debt 2558252.00 2781676.00 15748529.00 280593.00 ISK Million [+]
Capital Flows -3.92 16.37 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Terrorism Index 0.13 0.25 1.22 0.00 [+]
Tourist Arrivals 284124.00 271920.00 284124.00 10592.00 [+]
Remittances 753.00 816.00 2448.00 18.00 ISK Million [+]
Foreign Direct Investment -22404.00 -45408.00 199978.00 -90129.00 ISK Million [+]

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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
16.29 8.21 100.85 -137.24 1978 - 2017 ISK Billion Quarterly
Current Prices, NSA




current account by Country
Country Last
Australia -9562.00 Jun/17
Brazil -343.00 Oct/17
Canada -16319.00 Jun/17
China 371.00 Sep/17
Euro Area 41.81 Sep/17
France -3090.00 Sep/17
Germany 25400.00 Sep/17
India -14300.00 Jun/17
Indonesia -4336.80 Sep/17
Italy 4307.00 Sep/17
Japan 2271.20 Sep/17
Mexico -5527.90 Sep/17
Netherlands 15416.30 Jun/17
Russia 1200.00 Sep/17
South Korea 12205.00 Sep/17
Spain 2618.00 Aug/17
Switzerland 18748.00 Jun/17
Turkey -4527.00 Sep/17
United Kingdom -23182.00 Jun/17
United States -123137.00 Jun/17