Current Account in Iceland

Iceland Current Account | Economic News & Forecasts

Iceland - Current Account

After 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)5.9  4.0  5.3  7.7  3.7  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Iceland Current Account Chart

Iceland Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Iceland.

Iceland Facts

Bond Yield5.58-0.99 %Aug 15
Exchange Rate109.3-0.52 %Aug 15
Stock Market1,282-0.32 %Aug 15

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

    Search form