Iceland Current Account to GDP  1980-2016 | Data | Chart | Calendar

Iceland recorded a Current Account surplus of 3.60 percent of the country's Gross Domestic Product in 2014. Current Account to GDP in Iceland averaged -5.09 percent from 1980 until 2014, reaching an all time high of 5.80 percent in 2013 and a record low of -23.20 percent in 2006. Current Account to GDP in Iceland is reported by the Eurostat.

Iceland Current Account to GDP
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Actual Previous Highest Lowest Dates Unit Frequency
3.60 5.80 5.80 -23.20 1980 - 2014 percent Yearly
NSA
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 May of 2016.


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -6600.00 -8900.00 24063.60 -25843.30 ISK Million [+]
Exports 44201.80 44500.00 63353.40 0.78 ISK Million [+]
Imports 53800.00 65225.80 66325.90 1.21 ISK Million [+]
Current Account 7.97 50.24 64.08 -137.24 ISK Billion [+]
Current Account to GDP 3.60 5.80 5.80 -23.20 percent [+]
External Debt 4022250.00 11620151.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 32.30 47.55 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Foreign Direct Investment 24711.00 19193.00 199978.00 -93465.00 ISK Million [+]
Terrorism Index 1.22 0.08 1.22 0.00 [+]




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