Current Account in Iceland
Iceland - Current AccountThe economy performed well in the second quarter, according to data released by Statistics Iceland in September. Annual economic growth accelerated from the first quarter to reach a one-and-a-half-year high. The expansion was driven by strong private consumption, which benefited from low unemployment and solid wage growth. Moreover, fixed investment growth surged, particularly in terms of residential construction. On the other hand, government consumption increased at a weak pace, while the external sector had a lackluster performance. According to the same data, economic growth in 2017 was revised upwards from 3.6% to 4.0%.
Iceland - Current Account Data
|Current Account (% of GDP)||5.9||4.0||5.3||7.7||3.7|
5 years of economic forecasts for more than 30 economic indicators.
Iceland Current Account Chart
Source: Central Bank of Iceland.
|Bond Yield||6.00||-0.99 %||Oct 12|
|Exchange Rate||116.3||-0.52 %||Oct 12|
|Stock Market||1,239||-0.32 %||Oct 12|
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