Iceland recorded a Current Account surplus of 3.30 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Iceland averaged -4.20 percent from 1980 until 2017, reaching an all time high of 7.50 percent in 2016 and a record low of -23 percent in 2006.

Iceland Current Account to GDP
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Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -11700.00 -14060.30 24063.60 -25843.30 ISK Million [+]
Exports 61400.00 48654.20 63354.30 0.78 ISK Million [+]
Imports 73100.00 62714.50 73176.80 1.21 ISK Million [+]
Current Account 1.65 3.20 99.98 -137.24 ISK Billion [+]
Current Account to GDP 3.30 7.50 7.50 -23.00 percent [+]
External Debt 2322.08 2271.48 15748.53 280.59 ISK Billion [+]
Capital Flows 14.49 56.86 414.27 -418.16 ISK Billion [+]
Gold Reserves 2.00 2.00 2.00 1.84 Tonnes [+]
Remittances 1145.00 1103.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.13 0.25 1.22 0.00 [+]
Tourist Arrivals 231681.00 291344.00 291344.00 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 to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Iceland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 7.50 7.50 -23.00 1980 - 2017 percent Yearly
NSA




Country Last
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17


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