Iceland vs United Kingdom: Economic Outlook No 117 — Current account balance
Economic Outlook No 117 — Current account balance over time
- Iceland
- United Kingdom
How they compare
United Kingdom currently reports -109.35 billion against -140.04 billion in Iceland, a difference of 30.68 billion.
The two have swapped places 15 times across 53 shared years of data; in 1974 it was Iceland ahead.
Iceland ranks 26th and United Kingdom ranks 25th of 36 countries.
Across the 6 decades both report, Iceland averaged higher in 3 and United Kingdom in 3.
Head to head by decade
| Decade | Iceland | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -83.96 million | -1.09 billion | 1.01 billion | Iceland |
| 1980s | -3.61 billion | -4.24 billion | 637.81 million | Iceland |
| 1990s | -13.48 billion | -7.75 billion | 5.72 billion | United Kingdom |
| 2000s | -133.28 billion | -35.79 billion | 97.48 billion | United Kingdom |
| 2010s | 70.15 billion | -72.23 billion | 142.38 billion | Iceland |
| 2020s | -83.33 billion | -71.33 billion | 12.00 billion | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — current account balance, Iceland or United Kingdom?
- United Kingdom, at -109.35 billion against -140.04 billion in Iceland as of 2026.
- What is the difference in economic outlook no 117 — current account balance between Iceland and United Kingdom?
- 30.68 billion, with United Kingdom ahead.
- How many years of comparable data are there for Iceland and United Kingdom?
- 53 years are reported by both, from 1974 to 2026.
- How do Iceland and United Kingdom rank globally for economic outlook no 117 — current account balance?
- Iceland ranks 26th and United Kingdom ranks 25th of 36 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — 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 (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