Iceland recorded a current account deficit of ISK 1,184 million in the third quarter of 2020, compared to a ISK 69,809 million surplus in the corresponding period of the previous year. source: Central Bank of Iceland

Current Account in Iceland averaged -4694.54 ISK Million from 1978 until 2020, reaching an all time high of 104939 ISK Million in the third quarter of 2016 and a record low of -133503 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 February of 2021.

Current Account in Iceland is expected to be 35.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Iceland to stand at 45.00 in 12 months time. In the long-term, the Iceland Current Account is projected to trend around 15.00 ISK Million in 2021 and 20.00 ISK Million in 2022, according to our econometric models.

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Iceland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1184.00 -5933.00 104939.00 -133503.00 1978 - 2020 ISK Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-02 09:00 AM Q4 ISK 51B ISK 63B ISK 10B
2020-05-29 09:00 AM Q1 ISK11.4B ISK 51B ISK 30B
2020-09-01 09:00 AM Q2 ISK 7B ISK16.7B ISK 15B
2020-11-30 09:00 AM Q3 ISK-1.2B ISK-5.9B ISK 100B
2021-03-02 09:00 AM Q4 ISK-1.2B
2021-06-01 09:00 AM Q1
2021-09-02 09:00 AM Q2
2021-12-01 09:00 AM Q3


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).