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Country or Region: Iceland › Change country
Economic Indicator: Current Account Balance (US Dollars) › See all Iceland indicators, › See Current Account Balance (US Dollars) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
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. Source: Central Bank Latest actual data: 2010 Notes: Data prior to 1990 cannot be confirmed by national sources at this time. Primary domestic currency: Icelandic krónur Data last updated: 03/2011

Current Account Balance (US Dollars) for Iceland in year 2010 is US$ -1.006 Billion

This makes Iceland No. 120 in world rankings according to Current Account Balance (US Dollars) in year 2010. The world's average Current Account Balance (US Dollars) value is US$ 6.76 Billion; Iceland is US$ 7.77 less than the average.

In the previous year, 2009, Current Account Balance (US Dollars) for Iceland was US$ -1.26 Billion Current Account Balance (US Dollars) for Iceland in 2010 was or will be 19.90% less than it was or will be in 2009.

In the following or forecasted year, 2011, Current Account Balance (US Dollars) for Iceland was or will be US$0.15 Billion, which is 114.71% less than the 2010 figure.