Iceland: Current Account, quarterly
* indicates monthly or quarterly data series
The most recent value is -3.13 percent as of December 2025, a decline compared to the previous value of -2.62 percent. Historically, the average for Iceland from March 1995 to December 2025 is -3.53 percent. The minimum of -30.16 percent was recorded in June 2008, while the maximum of 10.64 percent was reached in March 2019.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: OECD
| Recent values | Iceland: Current account, quarterly |
|---|---|
| 2025 Dec | -3.13 |
| 2025 Sep | -2.62 |
| 2025 Jun | -5.49 |
| 2025 Mar | -3.69 |
| 2024 Dec | -7.47 |
| 2024 Sep | -2.26 |
| 2024 Jun | -1.65 |
| 2024 Mar | -1.6 |
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Definition: The current account as percent of GDP, seasonally adjusted.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 92.40 | 2023 | percent |
| Trade openness | 86.00 | 2024 | percent |
| Financial openness | 2.037 | 2022 | index points |
| Exports, percent of GDP | 42.45 | 2024 | percent |
| Exports, billion dollars | 15.48 | 2025 | billion U.S. dollars |
| Growth of exports | 0.99 | 2025 | percent |
| Imports, percent of GDP | 43.52 | 2024 | percent |
| Imports, billion dollars | 16.35 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 8.52 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 2.83 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 311.31 | 2024 | million dollars (current) |
| Current account, percent of GDP | -2.79 | 2024 | percent |
| Current account, in dollars | -1.34 | 2025 | billion U.S. dollars |
| Current Account, quarterly | -3.13 | 12/2025 | percent |
| Trade balance, percent of GDP | -1.06 | 2024 | percent |
| Trade balance, in dollars | -0.42 | 2024 | billion U.S. dollars |
| Reserves | 6.40 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 0.74 | 2024 | percent |
| Remittances | 281.53 | 2025 | million U.S. dollars |
| Net errors and omissions | 1,088.71 | 2024 | million USD |
| External debt | 71.66 | 2024 | percent |
| Short-term external debt | 11.58 | 2024 | percent |
| Short-term debt to reserves | 43.10 | 2024 | percent |