Iceland vs Venezuela, Bolivarian Republic of: Current account balance
Current account balance over time
- Iceland
- Venezuela, Bolivarian Republic of
How they compare
Venezuela, Bolivarian Republic of currently reports -3.4% against -3.5% in Iceland, a difference of 0.1%.
The two have swapped places 9 times across 41 shared years of data; in 1976 it was Venezuela, Bolivarian Republic of ahead.
Iceland ranks 126th and Venezuela, Bolivarian Republic of ranks 125th of 200 countries.
Across the 5 decades both report, Iceland averaged higher in 2 and Venezuela, Bolivarian Republic of in 3.
Head to head by decade
| Decade | Iceland | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -0.8% | -5.5% | 4.6% | Iceland |
| 1980s | -3.3% | 1.6% | 4.9% | Venezuela, Bolivarian Republic of |
| 1990s | -2.4% | 3.2% | 5.6% | Venezuela, Bolivarian Republic of |
| 2000s | -11.1% | 9.6% | 20.7% | Venezuela, Bolivarian Republic of |
| 2010s | 2.0% | -0.7% | 2.7% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Iceland or Venezuela, Bolivarian Republic of?
- Venezuela, Bolivarian Republic of, at -3.4% against -3.5% in Iceland as of 2016.
- What is the difference in current account balance between Iceland and Venezuela, Bolivarian Republic of?
- 0.1%, with Venezuela, Bolivarian Republic of ahead.
- How many years of comparable data are there for Iceland and Venezuela, Bolivarian Republic of?
- 41 years are reported by both, from 1976 to 2016.
- How do Iceland and Venezuela, Bolivarian Republic of rank globally for current account balance?
- Iceland ranks 126th and Venezuela, Bolivarian Republic of ranks 125th 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.
Individual pages
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.