Current Account in Iceland
Iceland - Current AccountConditions appeared to improve in the third quarter: Both merchandise exports and imports grew at a robust rate, hinting at solid demand dynamics, while tourist arrivals surged in the period as international travel restrictions were generally eased. Moreover, consumer confidence hit its highest level in nearly five years in September, which likely bolstered private consumption in the quarter. Turning to Q4, unemployment fell to its lowest level since before the pandemic in October and tourist arrivals once again surged, likely boosting consumer spending at the start of the quarter. However, daily Covid-19 cases rose to record levels in mid-November, prompting authorities to reimpose some of the restrictions that had been removed at the beginning of the month.
Iceland - Current Account Data
|Current Account (% of GDP)||5.2||7.7||3.6||3.0||6.0|
5 years of economic forecasts for more than 30 economic indicators.
Iceland Current Account Chart
Source: Central Bank of Iceland.
|Bond Yield||3.45||-0.99 %||Dec 31|
|Exchange Rate||121.1||-0.52 %||Jan 01|
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