Iceland - Current account balance
Current account balance (BoP, current US$)
The latest value for Current account balance (BoP, current US$) in Iceland was $199,802,800 as of 2020. Over the past 44 years, the value for this indicator has fluctuated between $1,719,953,000 in 2016 and ($4,146,191,000) in 2008.
Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1976 | ($23,900,000) |
| 1977 | ($48,400,000) |
| 1978 | $20,000,000 |
| 1979 | ($18,800,000) |
| 1980 | ($76,300,000) |
| 1981 | ($147,500,000) |
| 1982 | ($260,800,000) |
| 1983 | ($56,200,000) |
| 1984 | ($132,600,000) |
| 1985 | ($114,900,000) |
| 1986 | $16,100,000 |
| 1987 | ($188,300,000) |
| 1988 | ($231,200,000) |
| 1989 | ($102,000,000) |
| 1990 | ($133,579,100) |
| 1991 | ($269,144,900) |
| 1992 | ($160,317,500) |
| 1993 | $36,855,580 |
| 1994 | $115,625,100 |
| 1995 | $12,613,300 |
| 1996 | ($181,595,500) |
| 1997 | ($177,571,600) |
| 1998 | ($610,406,300) |
| 1999 | ($637,371,100) |
| 2000 | ($912,973,200) |
| 2001 | ($378,673,600) |
| 2002 | $119,951,800 |
| 2003 | ($565,708,400) |
| 2004 | ($1,401,729,000) |
| 2005 | ($2,648,842,000) |
| 2006 | ($3,970,527,000) |
| 2007 | ($2,916,255,000) |
| 2008 | ($4,146,191,000) |
| 2009 | ($1,185,234,000) |
| 2010 | ($844,996,700) |
| 2011 | ($715,955,300) |
| 2012 | ($518,604,200) |
| 2013 | $1,009,682,000 |
| 2014 | $776,608,800 |
| 2015 | $985,803,100 |
| 2016 | $1,719,953,000 |
| 2017 | $1,052,621,000 |
| 2018 | $926,726,100 |
| 2019 | $1,443,684,000 |
| 2020 | $199,802,800 |
Current account balance (% of GDP)
Current account balance (% of GDP) in Iceland was 0.92 as of 2020. Its highest value over the past 44 years was 8.27 in 2016, while its lowest value was -22.94 in 2008.
Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1976 | -1.43 |
| 1977 | -2.19 |
| 1978 | 0.80 |
| 1979 | -0.66 |
| 1980 | -2.26 |
| 1981 | -4.22 |
| 1982 | -8.13 |
| 1983 | -2.03 |
| 1984 | -4.63 |
| 1985 | -3.85 |
| 1986 | 0.40 |
| 1987 | -3.41 |
| 1988 | -3.79 |
| 1989 | -1.80 |
| 1990 | -2.06 |
| 1991 | -3.90 |
| 1992 | -2.26 |
| 1993 | 0.59 |
| 1994 | 1.81 |
| 1995 | 0.18 |
| 1996 | -2.45 |
| 1997 | -2.35 |
| 1998 | -7.18 |
| 1999 | -7.10 |
| 2000 | -10.12 |
| 2001 | -4.60 |
| 2002 | 1.29 |
| 2003 | -4.95 |
| 2004 | -10.14 |
| 2005 | -15.72 |
| 2006 | -22.73 |
| 2007 | -13.47 |
| 2008 | -22.94 |
| 2009 | -9.01 |
| 2010 | -6.14 |
| 2011 | -4.70 |
| 2012 | -3.52 |
| 2013 | 6.26 |
| 2014 | 4.35 |
| 2015 | 5.63 |
| 2016 | 8.27 |
| 2017 | 4.26 |
| 2018 | 3.53 |
| 2019 | 5.81 |
| 2020 | 0.92 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
