The current account deficit in Iceland narrowed sharply to ISK 10.1 billion in the first quarter of 2023 from ISK 31.8 billion in the same period last year. The primary income shifted to a surplus of ISK 26.1 billion, compared to the ISK 9.1 billion gap in the previous year, while the services surplus increased to ISK 21.4 billion from ISK 5.9 billion. On the other hand, the deficit for the goods account and secondary income widened broadly to ISK 46.7 billion and ISK 12 billion from ISK 19.2 billion and ISK 9.4 billion, respectively. source: Central Bank of Iceland

Current Account in Iceland averaged -5049.86 ISK Million from 1978 until 2023, reaching an all time high of 105078.00 ISK Million in the third quarter of 2016 and a record low of -133504.00 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 June of 2023.

Current Account in Iceland is expected to be -9300.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Iceland Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-03-02 09:00 AM Q4 ISK-20.2B ISK26.4B ISK 0.02B
2023-06-01 09:00 AM Q1 ISK-10.1B ISK-23.0B ISK-16.0B
2023-09-04 09:00 AM Q2 ISK-10.1B ISK-9.3B


Related Last Previous Unit Reference
Balance of Trade -20617.00 -27409.10 ISK Million Apr 2023
Current Account -10104.00 -23028.00 ISK Million Mar 2023
Exports 68420.50 88311.10 ISK Million Apr 2023
Imports 89037.40 115720.20 ISK Million Apr 2023
External Debt 2970549.00 2932217.00 ISK Million Mar 2023
Capital Flows -30461.00 60889.00 ISK Million Mar 2023
Remittances 2255.00 2080.00 ISK Million Mar 2023
Foreign Direct Investment 7826.00 -21702.00 ISK Million Mar 2023

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).
Actual Previous Highest Lowest Dates Unit Frequency
-10104.00 -23028.00 105078.00 -133504.00 1978 - 2023 ISK Million Quarterly
Current Prices, NSA

News Stream
Iceland Current Account Deficit Narrows in Q1
The current account deficit in Iceland narrowed sharply to ISK 10.1 billion in the first quarter of 2023 from ISK 31.8 billion in the same period last year. The primary income shifted to a surplus of ISK 26.1 billion, compared to the ISK 9.1 billion gap in the previous year, while the services surplus increased to ISK 21.4 billion from ISK 5.9 billion. On the other hand, the deficit for the goods account and secondary income widened broadly to ISK 46.7 billion and ISK 12 billion from ISK 19.2 billion and ISK 9.4 billion, respectively.
2023-06-01
Iceland Current Account Deficit Narrows in Q4
The current account deficit in Iceland narrowed sharply to ISK 20.2 billion in the fourth quarter of 2022, from ISK 54.08 billion in the corresponding period a year earlier. Year-on-year, the primary income shifted to a surplus of ISK 49.4 billion, from ISK 11.4 billion deficit, while the secondary income gap narrowed to ISK 7.8 billion deficit, from ISK 10.6 billion. Additionally, the goods account shortfall rose to ISK 85.8 billion, more than doubling from ISK 38.4 billion. Meanwhile, the services account surplus widened to ISK 24.2 billion, from ISK 6.3 billion a year ago.
2023-03-02
Iceland Current Account Surplus Narrows in Q3
The current account surplus in Iceland narrowed to ISK 23.1 billion in the third quarter of 2022 from ISK 29.0 billion in the same period a year earlier. Year-on-year, the primary income shifted to a deficit of ISK 6.5 billion from a surplus of ISK 18.9 billion, while the shortfall on goods account and secondary income widened to ISK 70.7 billion and ISK 9.9 billion from ISK 45.7 billion and ISK 7.9 billion, respectively. Meanwhile, the services account surplus rose to ISK 110.1 billion, compared to ISK 63.7 billion in the third quarter of 2021.
2022-12-01