Iceland Current Account  1978-2017 | Data | Chart | Calendar | Forecast

Iceland's current account surplus widened to ISK 100.4 billion in the third quarter of 2016 compared to ISK 56.1 billion in the same quarter of 2015. It was the biggest current account surplus on record. The widening reflects a surplus in services of ISK 121.6 billion compared with ISK 94 billion in the same period of 2015; the primary income balance swung to a ISK 6.1 billion surplus compared to a deficit of ISK 2 billion and a the secondary income deficit narrowed to ISK 4.8 billion from a ISK 24 billion gap. In contrast, the goods deficit widened to ISK 22.5 billion compared to ISK 11.8 billion. Current Account in Iceland averaged -8.76 ISK Billion from 1978 until 2016, reaching an all time high of 100.40 ISK Billion in the third quarter of 2016 and a record low of -137.24 ISK Billion in the second quarter of 2008.

Iceland Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-02 04:00 PM Q1 ISK 2.1B ISK 7.8B ISK 18.2B
2016-09-02 04:00 PM Q2 ISK 31.8B ISK 12.3B ISK 5.6B
2016-12-02 04:10 PM Q3 ISK 100.4B ISK 32.5B ISK 51.4B
2017-03-02 04:00 PM Q4 ISK 100.4B
2017-06-02 04:00 PM Q1
2017-09-04 04:00 PM Q2




Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -6700.00 -8076.10 24063.60 -25843.30 ISK Million [+]
Exports 37600.00 41422.20 63354.30 0.78 ISK Million [+]
Imports 44200.00 49498.20 66338.70 1.21 ISK Million [+]
Current Account 100.40 32.50 100.40 -137.24 ISK Billion [+]
Current Account to GDP 4.20 3.30 5.70 -23.20 percent [+]
External Debt 3002528.00 3069611.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 129102.00 27.86 129102.00 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Foreign Direct Investment -87880.00 6348.00 199978.00 -93255.00 ISK Million [+]
Terrorism Index 0.25 1.22 1.22 0.00 [+]
Tourist Arrivals 124780.00 131723.00 241559.00 10592.00 [+]



Iceland Current Account Notes

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Iceland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Current Account - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
100.40 32.50 100.40 -137.24 1978 - 2016 ISK Billion Quarterly



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