The current account surplus in Iceland narrowed to ISK 63.04 billion in the third quarter of 2019 from ISK 73.75 billion in the corresponding period of the previous year, as the services surplus fell to ISK 101.3 billion from ISK 123.4 billion a year ago. Meanwhile, the goods deficit decreased to ISK 45.85 billion from ISK 47.60 billion while the secondary income shortfall went down to ISK 5.86 billion from ISK 5.93 billion. In addition, the primary income surplus widened sharply to ISK 13.43 billion from ISK 0.39 billion in the same period of 2018.
Current Account in Iceland averaged -6.06 ISK Billion from 1978 until 2019, reaching an all time high of 99.98 ISK Billion in the third quarter of 2016 and a record low of -137.24 ISK Billion in the second quarter of 2008. This page provides - Iceland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Current Account in Iceland is expected to be 7.53 ISK Billion 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 16.14 in 12 months time. In the long-term, the Iceland Current Account is projected to trend around 14.92 ISK Billion in 2021 and 14.39 ISK Billion in 2022, according to our econometric models.