Iceland recorded a Current Account deficit of 27070 ISK Million in the first quarter of 2021. source: Central Bank of Iceland

Current Account in Iceland averaged -4630.28 ISK Million from 1978 until 2021, reaching an all time high of 104939 ISK Million in the third quarter of 2016 and a record low of -133503 ISK Million in the second quarter of 2008. This page provides - Iceland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Current Account in Iceland is expected to be 45.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Current Account is projected to trend around 20.00 ISK Million in 2022, according to our econometric models.

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Iceland Current Account

Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 09:00 AM Q1 ISK-27.1B ISK 23.3B
2021-09-02 09:00 AM Q2 ISK-31.08B ISK-22.75B
2021-12-01 09:00 AM Q3 ISK-31.08B

Iceland Last Unit Reference Previous Highest Lowest
Current Account -31084.00 ISK Million Jun/21 -22759.00 104939.00 -133503.00
External Debt 2496679.00 ISK Million Jun/21 2450013.00 15748529.00 280593.00
Capital Flows 15566.00 ISK Million Jun/21 13908.00 414266.00 -418160.00
Remittances 1744.00 ISK Million Jun/21 1388.00 2448.00 18.00
Foreign Direct Investment -12700.00 ISK Million Jun/21 -74123.00 199978.00 -553027.00

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).