Current Account in Iceland
Iceland - Current AccountAfter hitting an over one-year high in the first quarter, growth in the second quarter was likely robust, thanks largely to the dynamism of the tourism sector, which is now in its high season. After a disappointing start in April, overnight stays grew robustly in May. The sector likely contributed to the decrease in unemployment observed in May—which should continue to support wage growth—while also benefiting residential construction investment, which had surged in Q1. However, the external sector probably detracted from growth due to higher imports of fuel, ships and aircrafts, while fish catch volumes in May and June showed some weakness.
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||5.58||-0.99 %||Aug 15|
|Exchange Rate||109.3||-0.52 %||Aug 15|
|Stock Market||1,282||-0.32 %||Aug 15|
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