Iceland Current Account to GDP

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 1.30 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 0.90 percent in 2020, according to our econometric models.

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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

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 August of 2019.

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

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	2.90	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	May/19	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
South Africa	-3.50	Dec/18	-2.5	6 : -7.5	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%