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Iceland Current Account Value and percent from GDP

Iceland Current Account Data

Indicator Data Period
Current Account to GDP 1 % 2020
Current Account -27070 ISK Billion | -218.101 B USD 1Q/21


Latest data on Current Account to GDP (%)

Current Account to GDP
                     Iceland - Historical Data (%)

What is ratio of Iceland Current Account to GDP?

  • The surplus of Current Account to GDP in Iceland decreased to 1 % in 2020. The maximum surplus was 8.1 % and deficit was -22.7 %
  • Data published Yearly by Central Bank.

Historical Data (%) by years

Data
Period
Date
1 2020 12.04.2021
5.8 2019 29.04.2020
2.8 2018 06.05.2019
3.3 2017 07.11.2018
8 2016 11.08.2017
5.5 2015 31.12.2015
4 2014 31.12.2014
6 2013 31.12.2013


Historical Chart by presidents (%)

Current Account to GDP in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Gudni Thorlacius Johannesson 01.08.2016 - 8.0000 3.7000 8.0000 3.7000 -53.75%


Latest data on Current Account (ISK Billion)

Current Account
                     Iceland - Historical Data (ISK Billion)

What is Iceland Current Account Deficit?

  • The surplus of Current Account in Iceland decreased to 27070 ISK Billion (218.101 B USD) in the first quarter of 2021. The maximum value was 104939 ISK Billion and minimum was -133503 ISK Billion.
  • Data published Quarterly by Central Bank.

Historical Data (ISK Billion) by years

Data
Period
Date
-27070 1Q/21 01.06.2021
22086 4Q/20 02.03.2021
-1184 3Q/20 30.11.2020
6954 2Q/20 01.09.2020
11438 1Q/20 29.05.2020
51 4Q/19 02.03.2020
63.04 3Q/19 02.12.2019
11.15 2Q/19 29.10.2019


Historical Chart by presidents (ISK Billion)

Current Account in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other trade indicators in Iceland

Index Updated Actual Previous
Current Account to GDP 2020 1 % 6.4
Balance of Trade Jun/21 -0.243 B USD -0.126
Capital Flows 1Q/21 112.056 B USD 609.773
Foreign Exchange Reserves Jun/21 6.893 B USD 6.76
Imports Jun/21 0.716 B USD 0.619
Tourist Arrivals Mar/21 0.005 Million Persons 0.003

Current Account to GDP in other countries

Country Updated Actual Previous
Austria 2020 2.5 % 2.8
Ireland 2020 4.6 % -11.3
Luxembourg 2019 4.5 % 4.8
Spain 2020 0.7 % 2.1
Iceland 2020 1 % 6.4
Norway 2020 1.9 % 2.8
Belarus 2020 -0.4 % -1.9
Belgium 2019 -1.2 % -1.4
Bulgaria 2019 4 % 4.6
Croatia 2019 2.5 % 1.9
Cyprus 2019 -6.7 % -4.4
Czech Republic 2019 -0.4 % 0.4
Denmark 2020 7.8 % 8.9
Estonia 2019 2.2 % 1.7
Euro Area 2020 3 % 3.1
European Union 2020 3 % 3
Finland 2020 0.3 % -0.3
France 2020 -1.9 % -0.7
Germany 2020 7 % 7.5
Greece 2020 -6.7 % -1.5
Hungary 2019 -0.8 % 0.4
Italy 2020 3.6 % 3.2
Latvia 2020 3 % -0.6
Lithuania 2020 8.3 % 3.3
Macedonia 2019 -3.3 % -0.1
Malta 2020 -4 % 5.8
Moldova 2019 -9.7 % -10.6
Montenegro 2019 -15 % -17
Netherlands 2020 7.8 % 9.9
Poland 2020 3.6 % 0.5
Portugal 2020 -1.2 % 0.4
Romania 2019 -4.6 % -4.5
Russia 2019 3.9 % 6.8
Serbia 2019 -6.9 % -4.8
Slovakia 2019 -2.9 % -2.6
Slovenia 2019 6.6 % 7
Sweden 2020 5.2 % 5.1
Switzerland 2020 3.8 % 6.7
Turkey 2020 -5.1 % 0.9
Ukraine 2020 -4 % -2.7
United Kingdom 2018 -3.9 % -4.1
Albania 2019 -7.6 % -6.7
Bosnia and Herzegovina 2020 -3.1 % -3.1
Kosovo 2019 -5.8 % -7.6