Iceland Current Account Balance (% GDP) Statistics

22, Mar 2019, EDT.

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Country or Region: Iceland › Change country
Economic Indicator: Current Account Balance (% GDP) › See all Iceland indicators, › See Current Account Balance (% GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Icelandic Kr
Currency Symbol: ISK

Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).

Current Account Balance (% GDP) Statistics for Iceland , Year 2015 - In Detail

Current Account Balance (% GDP) for Iceland in year 2015 is 4.247 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

This makes Iceland No. 27 in world rankings according to Current Account Balance (% GDP) in year 2015. The world's average Current Account Balance (% GDP) value is -4.12 %; Iceland is 8.37 more than the average.

In the previous year, 2014, Current Account Balance (% GDP) for Iceland was 3.66 % Current Account Balance (% GDP) for Iceland in 2015 was or will be 16.20% more than it was or will be in 2014.

In the following or forecasted year, 2016, Current Account Balance (% GDP) for Iceland was or will be 4.12 %, which is 3.08% less than the 2015 figure.

* Source: IMF
Current Account Balance (% GDP) for Iceland, in other Years
Year %
  2021 0.94
  2020 0.878
  2019 1.643
  2018 2.167
  2017 2.41
  2016 4.116
2015 4.247
  2014 3.655
  2013 5.736
  2012 -4.185
  2011 -5.272
  2010 -6.61
  2009 -9.652
  2008 -22.765
  2007 -13.983
  2006 -23.299
  2005 -15.832
  2004 -9.843
  2003 -4.948
  2002 1.148
  2001 -4.327
  2000 -10.323
  1999 -7.163
  1998 -7.233
  1997 -2.348
  1996 -2.426
  1995 0.186
  1994 1.894
  1993 0.688
  1992 -2.323
  1991 -3.883
  1990 -2.024
  1989 -1.317
  1988 -3.357
  1987 -3.285
  1986 0.527
  1985 -3.826
  1984 -4.46
  1983 -1.871
  1982 -7.838
  1981 -4.069
  1980 -2.014