Iceland Current Account to GDP

Iceland recorded a Current Account surplus of 3.90 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Iceland averaged -5.76 Percent from 1980 until 2013, reaching an all time high of 3.90 Percent in 2013 and a record low of -28.30 Percent in 2008.

   
 
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Iceland Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
3.90 -5.20 3.90 -28.30 1980 - 2013 Percent Yearly
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.

Trade Last Previous Highest Lowest Unit
Balance of Trade -7700.00 2400.00 24063.60 -25843.30 ISK Million [+]
Exports 40700.00 50313.30 63129.80 0.78 ISK Million [+]
Imports 48400.00 48000.00 57382.20 3736.80 ISK Million [+]
Current Account -12.06 11.16 54.69 -139.04 ISK Billion [+]
Current Account to GDP 3.90 -5.20 3.90 -28.30 Percent [+]
External Debt 514831.00 556918.00 661594.00 60122.00 ISK Million [+]
Capital Flows -60.73 -10.61 417.14 -331.23 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]





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