Current account balance — all countries

Current account balance — Iceland

Current account balance in Iceland in 2031 — 0.5%. Ranked 60 in the world out of 188. Since 1980, the indicator has risen by 2.5 pp.

2031 0.5% +0.1 pp vs 2030
World rank 60of 188
Period maximum 8.9%2016
Period minimum -22.6%2006

Trend over time

1980–2031 · % of GDP

Current account balance — Iceland, 1980–2031-30-20-1001019801986199219982004201020162022202820311980: -2%1981: -4%1982: -7.7%1983: -1.8%1984: -4.4%1985: -3.7%1986: 0.5%1987: -3.2%1988: -3.3%1989: -1.3%1990: -2%1991: -3.8%1992: -2.3%1993: 0.7%1994: 1.8%1995: 0.3%1996: -2.3%1997: -2.2%1998: -7%1999: -6.9%2000: -10%2001: -4.1%2002: 1.3%2003: -4.8%2004: -9.9%2005: -15.5%2006: -22.6%2007: -13.7%2008: -20.8%2009: -8.8%2010: -5.8%2011: -4.5%2012: -2.9%2013: 6.8%2014: 5%2015: 6.3%2016: 8.9%2017: 4.9%2018: 4.4%2019: 7.4%2020: 1.9%2021: -2.6%2022: -1.7%2023: -1.2%2024: -3.2%2025: -3.6%2026: -0.7%2027: -0.1%2028: 0.1%2029: 0.2%2030: 0.4%2031: 0.5%
Change over the period: +2.5 pp Annual average: 0.05 pp

Comparison, 2031

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

Iceland 0.5%
World computed 0.28%
Europe & Central Asia computed 1.53%
Northern Europe computed 1.51%
High-income countries computed 0.13%
Current account balance — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2031 0.5 +0.1 pp
2030 0.4 +0.2 pp
2029 0.2 +0.1 pp
2028 0.1 +0.2 pp
2027 -0.1 +0.6 pp
2026 -0.7 +2.9 pp
2025 -3.6 −0.4 pp
2024 -3.2 −2 pp
2023 -1.2 +0.5 pp
2022 -1.7 +0.9 pp
2021 -2.6 −4.5 pp
2020 1.9 −5.5 pp
2019 7.4 +3 pp
2018 4.4 −0.5 pp
2017 4.9 −4 pp
2016 8.9 +2.6 pp
2015 6.3 +1.3 pp
2014 5 −1.8 pp
2013 6.8 +9.7 pp
2012 -2.9 +1.6 pp
2011 -4.5 +1.3 pp
2010 -5.8 +3 pp
2009 -8.8 +12 pp
2008 -20.8 −7.1 pp
2007 -13.7 +8.9 pp
2006 -22.6 −7.1 pp
2005 -15.5 −5.6 pp
2004 -9.9 −5.1 pp
2003 -4.8 −6.1 pp
2002 1.3 +5.4 pp
2001 -4.1 +5.9 pp
2000 -10 −3.1 pp
1999 -6.9 +0.1 pp
1998 -7 −4.8 pp
1997 -2.2 +0.1 pp
1996 -2.3 −2.6 pp
1995 0.3 −1.5 pp
1994 1.8 +1.1 pp
1993 0.7 +3 pp
1992 -2.3 +1.5 pp
1991 -3.8 −1.8 pp
1990 -2 −0.7 pp
1989 -1.3 +2 pp
1988 -3.3 −0.1 pp
1987 -3.2 −3.7 pp
1986 0.5 +4.2 pp
1985 -3.7 +0.7 pp
1984 -4.4 −2.6 pp
1983 -1.8 +5.9 pp
1982 -7.7 −3.7 pp
1981 -4 −2 pp
1980 -2

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

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