Australia vs Iceland: Economic Outlook No 117 — Current account balance, residual item
Economic Outlook No 117 — Current account balance, residual item over time
- Australia
- Iceland
How they compare
Australia currently reports 0 against 0 in Iceland, a difference of 0.
The two have swapped places 11 times across 53 shared years of data; in 1974 it was Australia ahead.
Australia ranks 9th and Iceland ranks 9th of 34 countries.
Across the 6 decades both report, Australia averaged higher in 2 and Iceland in 4.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0 | 47.26 million | 47.26 million | Iceland |
| 1980s | 0 | 1.00 billion | 1.00 billion | Iceland |
| 1990s | -0 | 63.86 million | 63.86 million | Iceland |
| 2000s | -0 | 1.27 billion | 1.27 billion | Iceland |
| 2010s | -0.0001 | -2.48 billion | 2.48 billion | Australia |
| 2020s | 0 | -1.75 billion | 1.75 billion | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — current account balance, residual item, Australia or Iceland?
- Australia, at 0 against 0 in Iceland as of 2026.
- What is the difference in economic outlook no 117 — current account balance, residual item between Australia and Iceland?
- 0, with Australia ahead.
- How many years of comparable data are there for Australia and Iceland?
- 53 years are reported by both, from 1974 to 2026.
- How do Australia and Iceland rank globally for economic outlook no 117 — current account balance, residual item?
- Australia ranks 9th and Iceland ranks 9th of 34 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — Current account balance, residual item. 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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 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