Iceland recorded a Current Account deficit of 2.70 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Iceland averaged -3.22 percent of GDP from 1980 until 2024, reaching an all time high of 9.00 percent of GDP in 2016 and a record low of -22.70 percent of GDP in 2006. source: EUROSTAT
Current Account to GDP in Iceland is expected to reach -2.40 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Current Account to GDP is projected to trend around -0.60 percent of GDP in 2026 and -0.30 percent of GDP in 2027, according to our econometric models.