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

The current account surplus in Iceland narrowed by 86.2 percent to ISK 1.6 billion in the second quarter of 2018 from ISK 11.9 billion in the corresponding period of the previous year. The services surplus decreased by 10.5 percent to ISK 55 billion from 61.4 billion a year earlier and the primary income surplus fell sharply by 95.8 percent to ISK 0.1 billion from ISK 2.5 billion. Also, the goods deficit increased by 6.6 percent to ISK 49.8 billion from ISK 46.8 billion in the same period of 2017 while the secondary income gap declined by 31.4 percent to ISK 3.6 billion from ISK 5.3 billion. Current Account in Iceland averaged -7.52 ISK Billion from 1978 until 2018, 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
2018-03-02 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 ISK1.6B ISK 30.2B


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -14500.00 -13000.00 24063.60 -26553.00 ISK Million [+]
Exports 50900.00 50500.00 63354.30 0.78 ISK Million [+]
Imports 65400.00 63500.00 72899.20 1.21 ISK Million [+]
Current Account 1.65 3.20 99.98 -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 56.86 5.77 414.27 -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 233874.00 165240.00 284124.00 10592.00 [+]
Foreign Direct Investment -7.17 -22.48 199.98 -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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.65 3.20 99.98 -137.24 1978 - 2018 ISK Billion Quarterly
Current Prices, NSA




current account by Country
Country Last
Argentina -9623.00 Mar/18
Australia -13472.00 Jun/18
Brazil -4433.00 Jul/18
Canada -15880.00 Jun/18
China 58.00 Jun/18
Euro Area 28.50 Jun/18
France 542.00 Jul/18
Germany 15300.00 Jul/18
India -15807.13 Jun/18
Indonesia -8028.00 Jun/18
Italy 5134.70 Jun/18
Japan 2010.00 Jul/18
Mexico -3882.10 Jun/18
Netherlands 21821.00 Mar/18
Russia 22300.00 Jun/18
Saudi Arabia 11065.00 Mar/18
Singapore 22832.40 Jun/18
South Africa -163760.00 Jun/18
South Korea 8757.80 Jul/18
Spain 490.00 Jun/18
Switzerland 18134.28 Mar/18
Turkey -1750.00 Jul/18
United Kingdom -17720.00 Mar/18
United States -124105.00 Mar/18


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