Iceland vs Philippines: Current account balance
Current account balance over time
- Iceland
- Philippines
How they compare
Philippines currently reports -3.3% against -3.5% in Iceland, a difference of 0.2%.
The two have swapped places 13 times across 49 shared years of data; in 1977 it was Iceland ahead.
Iceland ranks 126th and Philippines ranks 123rd of 200 countries.
Across the 6 decades both report, Iceland averaged higher in 4 and Philippines in 2.
Head to head by decade
| Decade | Iceland | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -0.7% | -4.1% | 3.5% | Iceland |
| 1980s | -3.3% | -3.1% | 0.1% | Philippines |
| 1990s | -2.4% | -3.0% | 0.6% | Iceland |
| 2000s | -11.1% | 1.4% | 12.6% | Philippines |
| 2010s | 3.1% | 1.4% | 1.7% | Iceland |
| 2020s | -1.7% | -2.2% | 0.4% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Iceland or Philippines?
- Philippines, at -3.3% against -3.5% in Iceland as of 2025.
- What is the difference in current account balance between Iceland and Philippines?
- 0.2%, with Philippines ahead.
- How many years of comparable data are there for Iceland and Philippines?
- 49 years are reported by both, from 1977 to 2025.
- How do Iceland and Philippines rank globally for current account balance?
- Iceland ranks 126th and Philippines ranks 123rd of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.