Iceland Current Account

Last Release

Dec 31, 2022

Actual

-20,160

Units In

ISK Million

23,121

Frequency

Quarterly

Next Release

Mar 06, 2026

Time to Release

2 Months 29 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
105,078 Sep 2016	-133,504 Jun 2008	-5,446.45 ISK Million	1978-2022	Central Bank of Iceland

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Latest Updates

The current account surplus in Iceland narrowed to ISK 26.9 billion in the third quarter of 2025, from ISK 41 billion in the same period of the previous year. The goods account deficit widened sharply to ISK 101.6 billion from ISK 75.2 billion in the third quarter of 2024, while the secondary income shortfall increased to ISK 15.1 billion from ISK 10.3 billion. On the other hand, the services account surplus rose to ISK 137.4 billion from ISK 131.7 billion, and the primary income account posted a surplus of ISK 6.2 billion, compared with a deficit of ISK 5.2 billion in the same period last year.