Iceland Current Account to GDP2022 Data - 2023 Forecast - 1980-2021 Historical

Name: Iceland Current Account to GDP
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Iceland,Current Account to GDP,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Iceland recorded a Current Account surplus of 1 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Iceland averaged -3.46 percent from 1980 until 2020, reaching an all time high of 8.10 percent in 2016 and a record low of -22.70 percent in 2006. This page provides - Iceland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Current Account to GDP - values, historical data and charts - was last updated on July of 2022.

Current Account to GDP in Iceland is expected to reach 0.90 percent by the end of 2021, 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 1.80 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Current Account to GDP	1.00	6.40	percent of GDP	Dec 2020

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.