Iceland Current Account to GDP  1980-2017 | Data | Chart | Calendar

Iceland recorded a Current Account surplus of 8 percent of the country's Gross Domestic Product in 2016. Current Account to GDP in Iceland averaged -4.43 percent from 1980 until 2016, reaching an all time high of 8 percent in 2016 and a record low of -23.20 percent in 2006.

Iceland Current Account to GDP
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Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -13000.00 -8400.40 24063.60 -25843.30 ISK Million [+]
Exports 47700.00 54017.50 63354.30 0.78 ISK Million [+]
Imports 60700.00 62417.80 72898.50 1.21 ISK Million [+]
Current Account 68.14 15.04 100.77 -137.24 ISK Billion [+]
Current Account to GDP 8.00 5.50 8.00 -23.20 percent [+]
External Debt 2251.63 2567.80 13834732.00 280.59 ISK Billion [+]
Capital Flows 71.85 -3.37 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Terrorism Index 0.13 0.25 1.22 0.00 [+]
Tourist Arrivals 284124.00 271920.00 284124.00 10592.00 [+]
Remittances 1065.00 1102.00 2448.00 18.00 ISK Million [+]
Foreign Direct Investment -357.44 -21.28 199.98 -357.44 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
8.00 5.50 8.00 -23.20 1980 - 2016 percent Yearly
NSA




current account to GDP by Country
Country Last
Switzerland 11.00 Dec/16
Netherlands 8.40 Dec/16
Germany 8.30 Dec/16
South Korea 7.00 Dec/16
Japan 3.70 Dec/16
Euro Area 3.30 Dec/16
Italy 2.60 Dec/16
Spain 2.20 Dec/16
China 1.80 Dec/16
Russia 1.80 Dec/16
India -0.70 Dec/16
France -0.90 Dec/16
Brazil -1.30 Dec/16
Indonesia -1.80 Dec/16
United States -2.60 Dec/16
Australia -2.70 Dec/16
Mexico -2.70 Dec/16
Canada -3.30 Dec/16
Turkey -3.80 Dec/16
United Kingdom -4.40 Dec/16