Iceland Current Account to GDP 1980-2015 | Data | Chart | Calendar

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
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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. Content for - Iceland Current Account to GDP - was last refreshed on Tuesday, July 7, 2015.

Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -10400.00 230.00 24063.60 -25843.30 ISK Million [+]
Exports 56000.00 54330.00 63430.80 0.78 ISK Million [+]
Imports 66400.00 54100.00 66400.00 1.21 ISK Million [+]
Current Account 3.33 29.74 64.67 -137.61 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 16.10 69.86 417.14 -331.23 ISK Billion [+]
Gold Reserves 1.99 1.99 1.99 1.84 Tonnes [+]
Foreign Direct Investment 101845.00 835.00 199978.00 -90129.00 ISK Million [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 percent [+]
Brazil -4.17 Dec/14 -3.66 1.80 -8.20 percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 percent [+]
China 2.10 Dec/14 2.00 10.10 -3.70 percent [+]
Euro Area 2.10 Dec/14 1.90 2.10 -1.60 percent [+]
France -1.00 Dec/14 -1.40 3.40 -2.10 percent [+]
Germany 7.60 Dec/14 6.50 7.60 -1.70 percent [+]
India -1.40 Dec/14 -1.70 1.50 -4.70 percent [+]
Indonesia -2.95 Dec/14 -3.20 4.80 -6.80 percent [+]
Italy 1.90 Dec/14 0.90 2.90 -3.70 percent [+]
Japan 0.50 Dec/14 0.70 4.80 -1.00 percent [+]
Mexico -2.10 Dec/14 -1.80 3.40 -6.10 percent [+]
Netherlands 10.30 Dec/14 11.00 11.00 -1.00 percent [+]
Russia 3.09 Dec/14 1.64 18.00 -1.40 percent [+]
South Korea 5.80 Dec/13 4.30 11.90 -8.30 percent [+]
Spain 0.80 Dec/14 1.40 1.50 -9.60 percent [+]
Switzerland 7.00 Dec/14 12.70 15.60 -0.60 percent [+]
Turkey -5.70 Dec/14 -7.90 2.00 -9.70 percent [+]
United Kingdom -5.50 Dec/14 -4.50 1.90 -5.50 percent [+]
United States -2.40 Dec/14 -2.40 0.20 -6.00 percent [+]