Current account balance in US dollars — all countries

Current account balance in US dollars — Iceland

Current account balance in US dollars in Iceland in 2031 — 0.27 bn US$. Ranked 59 in the world out of 187. Since 1980, the indicator has risen by 495.7%.

2031 0.27 bn US$ +32.52% vs 2030
World rank 59of 187
Period maximum 1.88 bn US$2016
Period minimum -4 bn US$2006

Trend over time

1980–2031 · billion US$

Current account balance in US dollars — Iceland, 1980–2031-6-4-20219801986199219982004201020162022202820311980: -0.07 bn US$1981: -0.15 bn US$1982: -0.26 bn US$1983: -0.05 bn US$1984: -0.13 bn US$1985: -0.12 bn US$1986: 0.02 bn US$1987: -0.18 bn US$1988: -0.21 bn US$1989: -0.08 bn US$1990: -0.13 bn US$1991: -0.27 bn US$1992: -0.17 bn US$1993: 0.04 bn US$1994: 0.12 bn US$1995: 0.02 bn US$1996: -0.18 bn US$1997: -0.17 bn US$1998: -0.61 bn US$1999: -0.63 bn US$2000: -0.91 bn US$2001: -0.34 bn US$2002: 0.12 bn US$2003: -0.55 bn US$2004: -1.38 bn US$2005: -2.67 bn US$2006: -4 bn US$2007: -3.02 bn US$2008: -3.8 bn US$2009: -1.16 bn US$2010: -0.81 bn US$2011: -0.69 bn US$2012: -0.44 bn US$2013: 1.11 bn US$2014: 0.9 bn US$2015: 1.12 bn US$2016: 1.88 bn US$2017: 1.23 bn US$2018: 1.18 bn US$2019: 1.84 bn US$2020: 0.41 bn US$2021: -0.68 bn US$2022: -0.5 bn US$2023: -0.39 bn US$2024: -1.08 bn US$2025: -1.38 bn US$2026: -0.29 bn US$2027: -0.04 bn US$2028: 0.03 bn US$2029: 0.12 bn US$2030: 0.21 bn US$2031: 0.27 bn US$
Change over the period: +0.34 (+495.65%)

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 0.27 bn US$
World computed 458.47 bn US$
Europe & Central Asia computed 638.05 bn US$
Northern Europe computed 138.41 bn US$
High-income countries computed 140.01 bn US$
Current account balance in US dollars — Iceland, by year Iceland All countries CSV XLSX
Year bn US$ Change Change, %
2031 0.27 +0.07 +32.52%
2030 0.21 +0.09 +76.07%
2029 0.12 +0.09 +350%
2028 0.03 +0.07 +165%
2027 -0.04 +0.25 +86.06%
2026 -0.29 +1.1 +79.25%
2025 -1.38 −0.31 −28.41%
2024 -1.08 −0.69 −176.86%
2023 -0.39 +0.11 +22.36%
2022 -0.5 +0.18 +26%
2021 -0.68 −1.09 −264.72%
2020 0.41 −1.43 −77.7%
2019 1.84 +0.66 +55.66%
2018 1.18 −0.04 −3.5%
2017 1.23 −0.65 −34.77%
2016 1.88 +0.77 +68.7%
2015 1.12 +0.21 +23.48%
2014 0.9 −0.2 −18.35%
2013 1.11 +1.54 +353.67%
2012 -0.44 +0.26 +37.09%
2011 -0.69 +0.12 +14.86%
2010 -0.81 +0.35 +29.77%
2009 -1.16 +2.64 +69.46%
2008 -3.8 −0.78 −25.83%
2007 -3.02 +0.99 +24.62%
2006 -4 −1.34 −50.13%
2005 -2.67 −1.29 −93.26%
2004 -1.38 −0.83 −150.73%
2003 -0.55 −0.67 −558.33%
2002 0.12 +0.46 +134.99%
2001 -0.34 +0.57 +62.39%
2000 -0.91 −0.28 −44.53%
1999 -0.63 −0.02 −3.95%
1998 -0.61 −0.43 −250.87%
1997 -0.17 +0 +2.26%
1996 -0.18 −0.2 −1,083.33%
1995 0.02 −0.1 −85.25%
1994 0.12 +0.08 +183.72%
1993 0.04 +0.21 +125.9%
1992 -0.17 +0.11 +38.97%
1991 -0.27 −0.14 −106.06%
1990 -0.13 −0.06 −73.68%
1989 -0.08 +0.13 +63.46%
1988 -0.21 −0.02 −13.04%
1987 -0.18 −0.21 −976.19%
1986 0.02 +0.14 +118.1%
1985 -0.12 +0.01 +10.77%
1984 -0.13 −0.08 −145.28%
1983 -0.05 +0.2 +79.3%
1982 -0.26 −0.11 −76.55%
1981 -0.15 −0.08 −110.14%
1980 -0.07

About the indicator

The current account balance in billions of US dollars: trade in goods and services, income from investment and labor, and current transfers, all together. A positive value means a country exports capital, a negative one that it imports it. By definition the sum over all countries of the world should be zero, but in practice it fails to balance by several hundred billion: the discrepancy comes from countries recording the same flows differently.

Important: The same indicator as a percent of GDP is available separately, and for comparing countries it suits better. The absolute value is needed to see the scale of the flows in the world economy.

Source: World Economic Outlook (IMF), license IMF open data.