The current account surplus in Iceland narrowed sharply to ISK 0.30 billion in the fourth quarter of 2018 from ISK 6.69 billion in the corresponding period of the previous year. The services surplus fell to ISK 33.42 billion from ISK 51.94 billion in the fourth quarter of 2017 and the secondary income deficit widened to ISK 6.26 billion from ISK 5.67 billion. On the other hand, the goods shortfall dropped to ISK 36.96 billion from ISK 37.91 billion and the primary income account posted a ISK 10.10 billion surplus, switching from a ISK 1.66 billion gap a year ago. Current Account in Iceland averaged -6.93 ISK Billion from 1978 until 2018, reaching an all time high of 99.57 ISK Billion in the third quarter of 2016 and a record low of -137.24 ISK Billion in the second quarter of 2008.

Iceland Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-04 04:00 PM Current Account ISK0.3B ISK2.2B ISK 18.1B
2018-09-03 04:00 PM Current Account ISK1.6B ISK3.2B ISK 1.5B
2018-12-03 04:00 PM Current Account ISK76.5B ISK-4.1B ISK 30.2B
2019-03-04 03:30 PM Current Account ISK0.3B ISK75.1B ISK 5.5B
2019-06-03 09:00 AM Current Account ISK0.3B
2019-09-02 09:00 AM Current Account
2019-12-02 09:00 AM Current Account


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -15900.00 -8796.10 24202.30 -25843.30 ISK Million [+]
Current Account 0.30 75.13 99.57 -137.24 ISK Billion [+]
Current Account to GDP 2.80 3.30 7.50 -23.00 percent [+]
Imports 66100.00 61489.10 73176.80 1.21 ISK Million [+]
Exports 50200.00 52693.10 76557.90 0.78 ISK Million [+]
External Debt 2317.03 2352.01 15748.53 280.59 ISK Billion [+]
Capital Flows 40.23 91.74 414.27 -418.16 ISK Billion [+]
Gold Reserves 2.00 2.00 2.00 1.84 Tonnes [+]
Remittances 1518.00 1404.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.06 0.13 1.22 0.00 [+]
Tourist Arrivals 120306.00 170177.00 291344.00 10592.00 [+]
Foreign Direct Investment 26.12 -44.05 199.98 -553.03 ISK Billion [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). This page provides - Iceland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Current Account - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 75.13 99.57 -137.24 1978 - 2018 ISK Billion Quarterly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 586.00 Mar/19
Euro Area 35.10 Mar/19
France -1263.00 Mar/19
Germany 30217.35 Mar/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 4040.10 Mar/19
Japan 2847.87 Mar/19
Mexico -5634.10 Mar/19
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -110158.00 Dec/18
South Korea 4820.00 Mar/19
Spain -2769.00 Feb/19
Switzerland 15181.70 Dec/18
Turkey -589.00 Mar/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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