The current account surplus in Iceland rose to ISK 35.1 billion in the first quarter of 2019 from ISK 6.7 billion in the corresponding period of the previous year. The goods account recorded an ISK 3.5 billion surplus swinging from an ISK 27.2 billion deficit a year ago while the primary income surplus widened to ISK 8.5 billion from ISK 2.2 billion. On the other hand, the services account surplus narrowed to ISK 29.7 billion from ISK 36.6 billion while the secondary income gap increased to ISK 6.7 billion from ISK 4.8 billion. Current Account in Iceland averaged -6.67 ISK Billion from 1978 until 2019, 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
2018-09-03 04:00 PM Current Account Q2 ISK1.6B ISK3.2B ISK 1.5B
2018-12-03 04:00 PM Current Account Q3 ISK76.5B ISK-4.1B ISK 30.2B
2019-03-04 03:30 PM Current Account Q4 ISK0.3B ISK75.1B ISK 5.5B
2019-06-03 09:00 AM Current Account Q1 ISK 35.1B ISK0.8B
2019-09-02 09:00 AM Current Account Q2 ISK 35.1B
2019-12-02 09:00 AM Current Account Q3


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -18600.00 -28563.10 24129.00 -28563.10 ISK Million [+]
Current Account 35.10 0.80 99.57 -137.24 ISK Billion [+]
Current Account to GDP 2.80 3.30 7.50 -23.00 percent [+]
Imports 70200.00 74569.00 74569.00 1.21 ISK Million [+]
Exports 51600.00 46006.00 76557.90 0.78 ISK Million [+]
External Debt 2317.03 2352.01 15748.53 280.59 ISK Billion [+]
Capital Flows 97.70 45.80 414.27 -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 231281.00 194912.00 291344.00 10592.00 [+]
Foreign Direct Investment -40.59 28.72 199.98 -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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
35.10 0.80 99.57 -137.24 1978 - 2019 ISK Billion Quarterly
Current Prices, NSA




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil -2914.00 Jun/19
Canada -17347.00 Mar/19
China 570.00 Jun/19
Euro Area 23.09 Jun/19
France -755.00 Jun/19
Germany 20600.00 Jun/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 5046.60 Jun/19
Japan 1211.17 Jun/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -142495.00 Mar/19
South Korea 6380.00 Jun/19
Spain 2701.00 May/19
Switzerland 17215.95 Mar/19
Turkey -548.00 Jun/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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