Current Account Balance in Iceland
The current account balance averaged 3.5% of GDP in the decade to 2022. The 2022 reading was -2.0% of GDP. For more current account information, visit our dedicated page.
Iceland Current Account Chart
Note: This chart displays Current Account Balance (% of GDP) for Iceland from 2017 to 2024.
Source: Macrobond.
Iceland Current Account Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 1.1 | -2.8 | -2.4 | 0.8 | -2.5 |
| Current Account Balance (EUR bn) | 0.2 | -0.6 | -0.6 | 0.2 | -0.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Icelandic current account projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Icelandic current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Icelandic current account projections.
Want to get access to the full dataset of Icelandic current account forecasts? Send an email to info@focus-economics.com.