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

Iceland recorded a Current Account surplus of 4.20 percent of the country's Gross Domestic Product in 2015. Current Account to GDP in Iceland averaged -4.84 percent from 1980 until 2015, reaching an all time high of 5.70 percent in 2013 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 -12300.00 1532.20 24063.60 -25843.30 ISK Million [+]
Exports 41200.00 49178.80 63354.30 0.78 ISK Million [+]
Imports 53500.00 47646.60 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 3069611.00 3293544.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 27.86 15.90 414.27 -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 158542.00 175335.00 241559.00 10592.00 [+]



Iceland Current Account to GDP Notes

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 2016.

Actual Previous Highest Lowest Dates Unit Frequency
4.20 3.30 5.70 -23.20 1980 - 2015 percent Yearly
NSA



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