Canada vs Iceland: Economic Outlook No 116 — Current account balance
Economic Outlook No 116 — Current account balance over time
- Canada
- Iceland
How they compare
Canada currently reports -31.16 billion against -47.74 billion in Iceland, a difference of 16.58 billion.
The two have swapped places 9 times across 53 shared years of data; in 1974 it was Iceland ahead.
Canada ranks 23rd and Iceland ranks 24th of 36 countries.
Across the 6 decades both report, Canada averaged higher in 2 and Iceland in 4.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -7.94 billion | -83.96 million | 7.86 billion | Iceland |
| 1980s | -11.52 billion | -3.61 billion | 7.91 billion | Iceland |
| 1990s | -14.96 billion | -13.48 billion | 1.48 billion | Iceland |
| 2000s | 13.98 billion | -133.30 billion | 147.28 billion | Canada |
| 2010s | -56.85 billion | 70.11 billion | 126.97 billion | Iceland |
| 2020s | -23.28 billion | -34.28 billion | 11.00 billion | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 116 — current account balance, Canada or Iceland?
- Canada, at -31.16 billion against -47.74 billion in Iceland as of 2026.
- What is the difference in economic outlook no 116 — current account balance between Canada and Iceland?
- 16.58 billion, with Canada ahead.
- How many years of comparable data are there for Canada and Iceland?
- 53 years are reported by both, from 1974 to 2026.
- How do Canada and Iceland rank globally for economic outlook no 116 — current account balance?
- Canada ranks 23rd and Iceland ranks 24th of 36 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 116 — Current account balance. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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 (2024), OECD Economic Outlook No 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org