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

Iceland's current account surplus decreased to ISD 2.8 billion in the fourth quarter of 2017 from ISK 43.1 billion in the same period of the previous year. The goods deficit rose to ISK 40.2 billion from ISK 13.3 billion and the secondary income gap went up to ISK 5.3 billion from ISK 4.2 billion. Meanwhile, the services surplus widened to ISK 53.4 billion from ISK 41.1 billion and the primary income shortfall narrowed significantly to ISK 5.1 billion from ISK 19.4 billion. Considering full 2017, the current account surplus shrank to ISK 93.3 billion compared to ISK 188.9 billion in 2016. Current Account in Iceland averaged -7.60 ISK Billion from 1978 until 2017, 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
2017-09-04 04:00 PM Current Account ISK 16.3B ISK 8.2B ISK 36.7B
2017-12-04 04:00 PM Current Account ISK 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 ISK2.8B ISK 18.1B
2018-09-03 04:00 PM Current Account ISK 9.1B
2018-12-03 04:00 PM Current Account ISK 37.7B


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -13400.00 -13999.70 24063.60 -26553.00 ISK Million [+]
Exports 48000.00 43252.50 63354.30 0.78 ISK Million [+]
Imports 61400.00 57252.20 72899.20 1.21 ISK Million [+]
Current Account 2.77 68.44 100.58 -137.24 ISK Billion [+]
Current Account to GDP 3.70 7.70 7.70 -23.20 percent [+]
External Debt 2265.61 2268.97 13834732.00 280.59 ISK Billion [+]
Capital Flows 23.96 54.43 414.27 -418.16 ISK Billion [+]
Gold Reserves 2.00 1.98 2.00 1.84 Tonnes [+]
Remittances 2771.00 1065.00 2771.00 18.00 ISK Million [+]
Terrorism Index 0.13 0.25 1.22 0.00 [+]
Tourist Arrivals 173061.00 160078.00 284124.00 10592.00 [+]
Foreign Direct Investment -131.37 -550.83 199.98 -550.83 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.77 68.44 100.58 -137.24 1978 - 2017 ISK Billion Quarterly
Current Prices, NSA




current account by Country
Country Last
Australia -14024.00 Dec/17
Brazil 620.00 Apr/18
Canada -16346.00 Dec/17
China -282.00 Mar/18
Euro Area 40.55 Mar/18
France -1269.00 Mar/18
Germany 29100.00 Mar/18
India -13465.11 Dec/17
Indonesia -5500.00 Mar/18
Italy 3408.00 Mar/18
Japan 3122.30 Mar/18
Mexico -3206.60 Dec/17
Netherlands 20903.90 Dec/17
Russia 28800.00 Mar/18
South Korea 5180.00 Mar/18
Spain -450.00 Feb/18
Switzerland 19679.42 Dec/17
Turkey -4812.00 Mar/18
United Kingdom -18443.00 Dec/17
United States -128158.00 Dec/17


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