Current Account in Iceland
Iceland - Current AccountEconomic activity appears to have been fairly muted in the third quarter after rebounding in the second quarter, as suggested by a higher unemployment rate in August. Higher unemployment in August was likely linked to a struggling tourism sector. Moreover, wage growth slowed in annual terms in July and August relative to Q2, which likely weighed on private consumption, while overnight stays continued to decrease year-on-year through August. This reflected the recent collapse of WOW Air, which had brought in more than a quarter of all international visitors. On a more positive note, consumer confidence increased for the third straight month in September, credit lending to households remains healthy and fishing volumes increased year-on-year in Q3 after slumping in Q2.
Iceland - Current Account Data
|Current Account (% of GDP)||5.9||3.8||5.2||7.7||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Iceland Current Account Chart
Source: Central Bank of Iceland.
|Bond Yield||3.66||-0.99 %||Sep 04|
|Exchange Rate||126.2||-0.52 %||Sep 04|
|Stock Market||1,437||-0.32 %||Sep 04|
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