Economic Outlook 119 — Current account balance in USD in Iceland
Iceland: Economic Outlook 119 — Current account balance in USD was -309.66 million in 2027. ◆ Volatile
Economic Outlook 119 — Current account balance in USD in Iceland, 1974–2027
Source: Organisation for Economic Co-operation and Development.
Analysis
The most recent figure for economic outlook 119 — current account balance in usd in Iceland is -309.66 million, measured in 2027.
The figure is up 32.6% on the previous year and down 125.5% over ten years.
Over the whole period, economic outlook 119 — current account balance in usd in Iceland peaked at 1.85 billion in 2019 and was at its lowest, -4.12 billion, in 2008.
That places Iceland 20th out of 41 countries with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook 119 — Current account balance in USD in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | -161.93 million | — |
| 1975 | -139.00 million | -14.2% |
| 1976 | -23.00 million | -83.5% |
| 1977 | -48.00 million | +108.7% |
| 1978 | 28.00 million | -158.3% |
| 1979 | -20.00 million | -171.4% |
| 1980 | -66.00 million | +230.0% |
| 1981 | -143.00 million | +116.7% |
| 1982 | -252.00 million | +76.2% |
| 1983 | -56.00 million | -77.8% |
| 1984 | -131.00 million | +133.9% |
| 1985 | -111.00 million | -15.3% |
| 1986 | 19.00 million | -117.1% |
| 1987 | -182.00 million | -1057.9% |
| 1988 | -223.00 million | +22.5% |
| 1989 | -104.00 million | -53.4% |
| 1990 | -132.30 million | +27.2% |
| 1991 | -268.51 million | +103.0% |
| 1992 | -164.99 million | -38.6% |
| 1993 | 39.99 million | -124.2% |
| 1994 | 121.11 million | +202.9% |
| 1995 | 16.09 million | -86.7% |
| 1996 | -182.38 million | -1233.7% |
| 1997 | -172.06 million | -5.7% |
| 1998 | -601.18 million | +249.4% |
| 1999 | -621.87 million | +3.4% |
| 2000 | -902.88 million | +45.2% |
| 2001 | -385.98 million | -57.3% |
| 2002 | 131.31 million | -134.0% |
| 2003 | -546.94 million | -516.5% |
| 2004 | -1.40 billion | +155.9% |
| 2005 | -2.70 billion | +92.6% |
| 2006 | -4.01 billion | +48.8% |
| 2007 | -2.95 billion | -26.5% |
| 2008 | -4.12 billion | +40.0% |
| 2009 | -1.15 billion | -72.0% |
| 2010 | -817.36 million | -29.2% |
| 2011 | -702.64 million | -14.0% |
| 2012 | -447.37 million | -36.3% |
| 2013 | 1.09 billion | -344.4% |
| 2014 | 862.92 million | -21.1% |
| 2015 | 1.06 billion | +23.2% |
| 2016 | 1.81 billion | +70.1% |
| 2017 | 1.21 billion | -32.8% |
| 2018 | 1.15 billion | -5.7% |
| 2019 | 1.85 billion | +61.3% |
| 2020 | 522.95 million | -71.7% |
| 2021 | -770.50 million | -247.3% |
| 2022 | -606.71 million | -21.3% |
| 2023 | -458.26 million | -24.5% |
| 2024 | -1.09 billion | +138.5% |
| 2025 | -1.43 billion | +31.2% |
| 2026 | -459.11 million | -68.0% |
| 2027 | -309.66 million | -32.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -60.66 million | -161.93 million | 28.00 million | 6 |
| 1980s | -124.90 million | -252.00 million | 19.00 million | 10 |
| 1990s | -196.61 million | -621.87 million | 121.11 million | 10 |
| 2000s | -1.80 billion | -4.12 billion | 131.31 million | 10 |
| 2010s | 706.85 million | -817.36 million | 1.85 billion | 10 |
| 2020s | -576.14 million | -1.43 billion | 522.95 million | 8 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1135 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 17.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1.75 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is economic outlook 119 — current account balance in usd in Iceland?
- Economic outlook 119 — current account balance in usd in Iceland was -309.66 million in 2027, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook 119 — current account balance in usd recorded in Iceland?
- The highest recorded value was 1.85 billion in 2019.
- What is the lowest economic outlook 119 — current account balance in usd recorded in Iceland?
- The lowest recorded value was -4.12 billion in 2008.
- How does Iceland rank for economic outlook 119 — current account balance in usd?
- Iceland ranks 20th out of 41 countries with data for 2027.
- Is economic outlook 119 — current account balance in usd rising or falling in Iceland?
- Over the last ten years it is down 125.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook 119 — Current account balance in USD. Statizoid updates them automatically from the source API.
Download this data
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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 (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