Iceland recorded a Current Account deficit of 3.60 percent of the country's Gross Domestic Product in 2025. Current Account to GDP in Iceland averaged -3.15 percent of GDP from 1980 until 2025, reaching an all time high of 8.90 percent of GDP in 2016 and a record low of -22.60 percent of GDP in 2006. source: EUROSTAT
Current Account to GDP in Iceland is expected to reach -2.20 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Current Account to GDP is projected to trend around -1.70 percent of GDP in 2027 and -1.20 percent of GDP in 2028, according to our econometric models.