Iceland vs Portugal: Economic Outlook 119 — Current account balance in USD

Iceland
-309.66 million
in 2027
Portugal
1.47 billion
in 2027
Iceland rank
20th
Portugal rank
18th

Economic Outlook 119 — Current account balance in USD over time

  • Iceland
  • Portugal
-30.0B-20.0B-10.0B010.0B197420002027

How they compare

Portugal currently reports 1.47 billion against -309.66 million in Iceland, a difference of 1.78 billion.

That makes Portugal's figure about 4.7 times Iceland's.

The two have swapped places 11 times across 53 shared years of data; in 1975 it was Iceland ahead.

Iceland ranks 20th and Portugal ranks 18th of 41 countries.

Across the 6 decades both report, Iceland averaged higher in 5 and Portugal in 1.

Head to head by decade

Decade Iceland Portugal Difference Ahead
1970s -40.40 million -840.68 million 800.28 million Iceland
1980s -124.90 million -1.20 billion 1.08 billion Iceland
1990s -196.61 million -3.74 billion 3.54 billion Iceland
2000s -1.80 billion -18.29 billion 16.48 billion Iceland
2010s 706.85 million -2.75 billion 3.46 billion Iceland
2020s -576.14 million 713.01 million 1.29 billion Portugal

Averages of every year both report within each decade.

Frequently asked questions

Which has higher economic outlook 119 — current account balance in usd, Iceland or Portugal?
Portugal, at 1.47 billion against -309.66 million in Iceland as of 2027.
What is the difference in economic outlook 119 — current account balance in usd between Iceland and Portugal?
1.78 billion, with Portugal ahead.
How many years of comparable data are there for Iceland and Portugal?
53 years are reported by both, from 1975 to 2027.
How do Iceland and Portugal rank globally for economic outlook 119 — current account balance in usd?
Iceland ranks 20th and Portugal ranks 18th of 41 countries.
Where does this data come from?
Organisation for Economic Co-operation and Development, published as Economic Outlook 119 — Current account balance in USD. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Portugal: Economic Outlook 119 — Current account balance in USD. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 13 September 2026, from https://economy.statizoid.com/compare/economic-outlook-119-current-account-balance-in-usd/iceland/portugal/

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About this data

Indicator
Economic Outlook 119 — Current account balance in USD
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
58 places, 2,612 data points, 1960–2027
Last refreshed

The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2026), OECD Economic Outlook No 119 (Edition 2026/1) EO119 Database documentation EO119 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP