The current account gap in Iceland widened sharply to ISK 50.3 billion in the first quarter of 2022 from ISK 23 billion in the corresponding period of the previous year. The primary income switched to a deficit of ISK 15.8 billion from a surplus of ISK 12.8 billion a year earlier while the secondary income gap widened to ISK 9.1 billion from ISK 8.2 billion. Also, the goods account shortfall rose to ISK 20 billion from ISK 19.6 billion. Meanwhile, the services account deficit narrowed to ISK 5.4 billion from ISK 8.3 billion a year ago. source: Central Bank of Iceland
Current Account in Iceland averaged -5336.19 ISK Million from 1978 until 2022, reaching an all time high of 105078 ISK Million in the third quarter of 2016 and a record low of -133504 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 August of 2022.
Current Account in Iceland is expected to be 15.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Current Account is projected to trend around 20.00 ISK Million in 2023, according to our econometric models.