Current Account in Iceland

Iceland Current Account | Economic News & Forecasts

Iceland - Current Account

The economy performed well in the second quarter, according to data released by Statistics Iceland in September. Annual economic growth accelerated from the first quarter to reach a one-and-a-half-year high. The expansion was driven by strong private consumption, which benefited from low unemployment and solid wage growth. Moreover, fixed investment growth surged, particularly in terms of residential construction. On the other hand, government consumption increased at a weak pace, while the external sector had a lackluster performance. According to the same data, economic growth in 2017 was revised upwards from 3.6% to 4.0%.

Iceland - Current Account Data

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

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Iceland Current Account Chart

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

Iceland Facts

Bond Yield6.00-0.99 %Oct 12
Exchange Rate116.3-0.52 %Oct 12
Stock Market1,239-0.32 %Oct 12

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