Iceland Current Account Swings to Deficit in Q4

2026-03-05 09:24 By Mariene Camarillo 1 min. read

The current account in Iceland recorded a deficit of ISK 38 billion in the fourth quarter of 2025, shifting from a surplus of ISK 20.9 billion in the same period of the previous year.

The services account surplus narrowed to ISK 49.4 billion from ISK 53.1 billion, while the secondary income shortfall stood at ISK 15 billion, unchanged from Q4 2024.

In contrast, the goods account deficit narrowed sharply to ISK 73.4 billion from ISK 97.3 billion, and the primary account swung into a small surplus of ISK 1 billion, up from a deficit of ISK 27.1 billion.

For the full year, Iceland’s current account deficit widened to ISK 177.7 billion from ISK 148.5 billion in 2024.



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Iceland Current Account Swings to Deficit in Q4
The current account in Iceland recorded a deficit of ISK 38 billion in the fourth quarter of 2025, shifting from a surplus of ISK 20.9 billion in the same period of the previous year. The services account surplus narrowed to ISK 49.4 billion from ISK 53.1 billion, while the secondary income shortfall stood at ISK 15 billion, unchanged from Q4 2024. In contrast, the goods account deficit narrowed sharply to ISK 73.4 billion from ISK 97.3 billion, and the primary account swung into a small surplus of ISK 1 billion, up from a deficit of ISK 27.1 billion. For the full year, Iceland’s current account deficit widened to ISK 177.7 billion from ISK 148.5 billion in 2024.
2026-03-05
Iceland Current Account Surplus Narrows
The current account surplus in Iceland narrowed to ISK 26.9 billion in the third quarter of 2025, from ISK 41 billion in the same period of the previous year. The goods account deficit widened sharply to ISK 101.6 billion from ISK 75.2 billion in the third quarter of 2024, while the secondary income shortfall increased to ISK 15.1 billion from ISK 10.3 billion. On the other hand, the services account surplus rose to ISK 137.4 billion from ISK 131.7 billion, and the primary income account posted a surplus of ISK 6.2 billion, compared with a deficit of ISK 5.2 billion in the same period last year.
2025-12-04
Iceland Current Account Deficit Widens Sharply
The current account deficit in Iceland widened sharply to ISK 82.3 billion in the second quarter of 2025 from ISK 37.4 billion in the corresponding period of the previous year. The goods account deficit increased significantly to ISK 135.2 billion in Q2 of 2025 from ISK 88.6 billion in the same period earlier. At the same time, the services account surplus moderated to ISK 61.8 billion from ISK 65.7 billion. In contrast, primary income shifted to a surplus of ISK 3.9 billion from a deficit of ISK 1.2 billion, while the secondary income deficit decreased to ISK 12.8 billion from ISK 13.4 billion in Q2 2024.
2025-09-04