Iceland Current Account to GDP

Iceland recorded a Current Account deficit of 7.50 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Iceland is reported by the CBI. From 1980 until 2012, Iceland Current Account to GDP averaged -6.1 Percent reaching an all time high of 1.9 Percent in December of 1994 and a record low of -28.3 Percent in December of 2008. 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-7.50 -6.20 1.90 -28.30 -6.41 | 2013/12 1980 - 2012 Percent Yearly

TO

Iceland Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account 11.13 2013-11-15 54.63 54.63 -139.04 36.04 2014-03-31 ISK Billion [+]
Capital Flows -60.68 2013-11-15 -69.18 417.14 -331.23 -53.49 2014-03-31 ISK Billion [+]
External Debt 556918.00 2013-12-31 585404.00 661594.00 60122.00 534581.12 2014-03-31 ISK Million [+]
Balance of Trade 1100.00 2014-03-31 4000.00 24063.60 -25843.30 5372.58 2014-04-30 ISK Million [+]
Exports 45500.00 2014-03-15 41300.00 63129.80 0.78 49859.18 2014-04-30 ISK Million [+]
Imports 44400.00 2014-03-31 37300.00 57382.20 3736.80 43639.09 2014-04-30 ISK Million [+]
Current Account to GDP -7.50 2012-12-31 -6.20 1.90 -28.30 -6.41 2013-12-31 Percent [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Iceland Government Budget Value at 16262.00 ISK Million  
Iceland recorded a government budget surplus of 16262 ISK Million in February of 2014. Government Budget Value in Iceland is reported by the Central Bank Of Iceland.
Iceland Government Spending at 69607.00 ISK Million  
Government Spending in Iceland increased to 69607 ISK Million in the fourth quarter of 2013 from 66259 ISK Million in the third quarter of 2013. Government Spending in Iceland is reported by the Statistics Iceland.
Iceland Gross Fixed Capital Formation at 33084.00 ISK Million  
Gross Fixed Capital Formation in Iceland increased to 33084 ISK Million in the fourth quarter of 2013 from 31504 ISK Million in the third quarter of 2013. Gross Fixed Capital Formation in Iceland is reported by the Statistics Iceland.
Iceland Gross National Income at 999053.00 ISK Million  
Gross National Product in Iceland increased to 999053 ISK Million in 2013 from 900218 ISK Million in 2012. Gross National Product in Iceland is reported by the Statistics Iceland.
Iceland Harmonised Consumer Prices at 176.70 Index Points  
Harmonised Consumer Prices in Iceland increased to 176.70 Index Points in February of 2014 from 174.50 Index Points in January of 2014. Harmonised Consumer Prices in Iceland is reported by the Eurostat.
Iceland House Price Index at 273.70 Index Points  
Housing Index in Iceland increased to 273.70 Index Points in March of 2014 from 272 Index Points in February of 2014. Housing Index in Iceland is reported by the Statistics Iceland.
Iceland Import Prices at 250.04 Index Points  
Import Prices in Iceland decreased to 250.04 Index Points in 2013 from 252.65 Index Points in 2012. Import Prices in Iceland is reported by the Icelandic Ministry of Finance.
Iceland Job Vacancies at 223.00  
Job Vacancies in Iceland increased to 223 in February of 2014 from 150 in January of 2014. Job Vacancies in Iceland is reported by the Directorate of Labour, Iceland.
Iceland Producer Prices at 195.30 Index Points  
Producer Prices in Iceland decreased to 195.30 Index Points in February of 2014 from 195.50 Index Points in January of 2014. Producer Prices in Iceland is reported by the Statistics Iceland.
Iceland Unemployed Persons at 7213.00  
The number of unemployed persons in Iceland increased to 7213 in February of 2014 from 7190 in January of 2014. Unemployed Persons in Iceland is reported by the Directorate of Labour, Iceland.
MORE RELATED NEWS

LATEST NEWS

Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News