The current account deficit in Iceland widened sharply to ISK 82.3 billion in the second quarter of 2025 from ISK 37.4 billion in the corresponding period of the previous year. The goods account deficit increased significantly to ISK 135.2 billion in Q2 of 2025 from ISK 88.6 billion in the same period earlier. At the same time, the services account surplus moderated to ISK 61.8 billion from ISK 65.7 billion. In contrast, primary income shifted to a surplus of ISK 3.9 billion from a deficit of ISK 1.2 billion, while the secondary income deficit decreased to ISK 12.8 billion from ISK 13.4 billion in Q2 2024. source: Central Bank of Iceland

Iceland recorded a Current Account deficit of 82272 ISK Million in the second quarter of 2025. Current Account in Iceland averaged -5550.33 ISK Million from 1978 until 2025, reaching an all time high of 111578.00 ISK Million in the third quarter of 2016 and a record low of -134465.00 ISK Million in the second quarter of 2008. This page provides - Iceland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-06-05 09:00 AM
Current Account
Q1 ISK-59.5B ISK-89.8B ISK-40.0B
2025-09-04 09:00 AM
Current Account
Q2 ISK-82.3B ISK-56.4B ISK-68.0B
2025-12-04 09:00 AM
Current Account
Q3 ISK-82.3B


Related Last Previous Unit Reference
Balance of Trade -44181.00 -37265.70 ISK Million Jul 2025
Capital Flows -95680.00 21918.00 ISK Million Jun 2025
Current Account -82272.00 -56400.00 ISK Million Jun 2025
Exports 72448.00 68689.20 ISK Million Jul 2025
External Debt 3406221.00 3333088.00 ISK Million Mar 2025
Foreign Direct Investment 36983.00 -10432.00 ISK Million Jun 2025
Imports 116629.00 105955.00 ISK Million Jul 2025
Remittances 3043.00 2518.00 ISK Million Jun 2025

Iceland Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-82272.00 -56400.00 111578.00 -134465.00 1978 - 2025 ISK Million Quarterly
Current Prices, NSA

News Stream
Iceland Current Account Deficit Widens Sharply
The current account deficit in Iceland widened sharply to ISK 82.3 billion in the second quarter of 2025 from ISK 37.4 billion in the corresponding period of the previous year. The goods account deficit increased significantly to ISK 135.2 billion in Q2 of 2025 from ISK 88.6 billion in the same period earlier. At the same time, the services account surplus moderated to ISK 61.8 billion from ISK 65.7 billion. In contrast, primary income shifted to a surplus of ISK 3.9 billion from a deficit of ISK 1.2 billion, while the secondary income deficit decreased to ISK 12.8 billion from ISK 13.4 billion in Q2 2024.
2025-09-04
Iceland Current Account Deficit Widens in Q1
The current account deficit in Iceland widened sharply to ISK 59.5 billion in the first quarter of 2025 from ISK 37.6 billion in the corresponding period of the previous year. The goods account deficit increased significantly to ISK 85.3 billion in Q1 of 2025 from ISK 51.8 billion in the same period a year earlier. At the same time, the secondary income gap rose to ISK 12.3 billion from ISK 10.4 billion. Meanwhile, the services account surplus expanded slightly to ISK 19.7 billion from ISK 15.7 billion, and the primary income surplus increased to ISK 18.3 billion from ISK 8.9 billion in Q1 of 2024.
2025-06-05
Iceland Current Account Deficit Widens Sharply
The current account deficit in Iceland widened sharply to ISK 95.2 billion in the fourth quarter of 2024 from ISK 17.5 billion in the corresponding period of the previous year. The primary income account posted a deficit of ISK 10.5 billion, swinging from a surplus of ISK 39.1 billion in Q4 of 2023, while the secondary income deficit rose to ISK 15.1 billion from ISK 13 billion. In addition, goods account deficit increased significantly to ISK 104.1 billion in Q4 of 2024 from ISK 77.8 billion in the same period a year earlier. Meanwhile, services account surplus widened slightly to ISK 34.5 billion from ISK 34.1 billion.
2025-03-06