Current Account in Iceland
Iceland - Current AccountThe economy recovered in Q4 2018 following Q3’s sharp deceleration, although growth nevertheless remained weaker than in H1. A rebound in residential investment largely drove the print, the only silver lining in an otherwise gloomy quarter. Private consumption faded noticeably, as did public spending, while business investment sharply contracted for a second consecutive quarter. The external sector also deteriorated, as imports and exports both fell steeply—with service exports plunging due to softer tourism activity. Looking ahead, large scale union strikes have been scheduled in coming weeks after wage negotiations broke down, which could negatively impact growth in the second quarter.
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||4.33||-0.99 %||Apr 22|
|Exchange Rate||120.4||-0.52 %||Apr 22|
|Stock Market||1,369||-0.32 %||Apr 17|
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