Iceland recorded a Current Account surplus of 2.80 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Iceland averaged -4.03 percent from 1980 until 2018, reaching an all time high of 7.50 percent in 2016 and a record low of -23 percent in 2006.

Current Account to GDP in Iceland is expected to be 2.00 percent by the end of this quarter, 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 1.90 percent in 2020, according to our econometric models.

Iceland Current Account to GDP
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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 to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Iceland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 3.30 7.50 -23.00 1980 - 2018 percent Yearly
NSA




Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 3.00 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.60 Dec/17
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -3.00 Dec/17
Indonesia -3.00 Dec/18
South Africa -3.50 Dec/18
Turkey -3.50 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18


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