Economic Outlook No 114 … account balance in USD, residual item in Iceland
Iceland: Economic Outlook No 114 … account balance in USD, residual item was 0 in 2025. ◆ Volatile
Economic Outlook No 114 — Current account balance in USD, residual in Iceland, 1974–2025
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2025, economic outlook no 114 — current account balance in usd, residual in Iceland stood at 0.
The figure is up 100.0% over ten years.
Over the whole period, economic outlook no 114 — current account balance in usd, residual in Iceland peaked at 113.05 million in 2020 and was at its lowest, -92.25 million, in 2016.
Iceland ranks 8th of 38 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 114 … account balance in USD, residual item in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | -476,498 | — |
| 1975 | 8.57 million | -1898.0% |
| 1976 | 22.42 million | +161.6% |
| 1977 | 26.40 million | +17.8% |
| 1978 | 25.39 million | -3.8% |
| 1979 | 28.75 million | +13.2% |
| 1980 | 45.66 million | +58.8% |
| 1981 | 35.43 million | -22.4% |
| 1982 | 58.84 million | +66.1% |
| 1983 | 22.06 million | -62.5% |
| 1984 | 27.21 million | +23.4% |
| 1985 | 29.38 million | +8.0% |
| 1986 | 26.18 million | -10.9% |
| 1987 | 37.18 million | +42.0% |
| 1988 | 46.08 million | +23.9% |
| 1989 | 27.73 million | -39.8% |
| 1990 | -631,575 | -102.3% |
| 1991 | 197,044 | -131.2% |
| 1992 | -1.16 million | -686.9% |
| 1993 | 170,328 | -114.7% |
| 1994 | 939,246 | +451.4% |
| 1995 | -1.24 million | -231.9% |
| 1996 | -3.73 million | +200.9% |
| 1997 | 2.56 million | -168.6% |
| 1998 | 2.31 million | -9.6% |
| 1999 | 8.09 million | +250.1% |
| 2000 | 3.45 million | -57.4% |
| 2001 | -2.95 million | -185.5% |
| 2002 | 11.57 million | -492.2% |
| 2003 | 11.21 million | -3.1% |
| 2004 | 4.09 million | -63.5% |
| 2005 | 22.64 million | +453.6% |
| 2006 | 27.23 million | +20.3% |
| 2007 | 34.18 million | +25.5% |
| 2008 | 49.17 million | +43.9% |
| 2009 | 5.15 million | -89.5% |
| 2010 | 17.93 million | +248.0% |
| 2011 | 2.78 million | -84.5% |
| 2012 | -10.06 million | -462.4% |
| 2013 | -1.77 million | -82.4% |
| 2014 | -26.22 million | +1377.6% |
| 2015 | -44.90 million | +71.2% |
| 2016 | -92.25 million | +105.5% |
| 2017 | -6.71 million | -92.7% |
| 2018 | -34.69 million | +417.1% |
| 2019 | -17.48 million | -49.6% |
| 2020 | 113.05 million | -746.8% |
| 2021 | -73.86 million | -165.3% |
| 2022 | -74.13 million | +0.4% |
| 2023 | -5.30 million | -92.8% |
| 2024 | 0 | -100.0% |
| 2025 | 0 | — |
Biggest year-on-year movements
Years where Economic Outlook No 114 … account balance in USD, residual item in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1975 | +1898.0% | -476,498 | 8.57 million |
| 2014 | -1377.6% | -1.77 million | -26.22 million |
| 2020 | +746.8% | -17.48 million | 113.05 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.51 million | -476,498 | 28.75 million | 6 |
| 1980s | 35.58 million | 22.06 million | 58.84 million | 10 |
| 1990s | 751,560 | -3.73 million | 8.09 million | 10 |
| 2000s | 16.57 million | -2.95 million | 49.17 million | 10 |
| 2010s | -21.34 million | -92.25 million | 17.93 million | 10 |
| 2020s | -6.71 million | -74.13 million | 113.05 million | 6 |
Countries ranked near Iceland
- 5 Spain 2.13 billion compare
- 6 Costa Rica 899.15 million compare
- 7 Estonia -213.41 million compare
- 7 Hungary 35.41 million compare
- 8 Norway 0 compare
- 8 Bulgaria 0 compare
- 8 Peru 0 compare
- 8 Romania 0 compare
- 8 Australia 0 compare
- 8 Portugal 0 compare
- 8 Sweden 0 compare
- 8 Türkiye -7.59 billion compare
- 8 United States 0 compare
- 8 United Kingdom 0
- 8 China 0
- 8 Austria 0 compare
- 8 Belgium 0 compare
- 8 Chile 0 compare
- 8 Denmark 0 compare
- 8 Finland 0 compare
- 8 Israel 0 compare
- 8 Italy 0 compare
- 8 Luxembourg 0 compare
- 8 Canada 0 compare
- 9 Poland -11.33 billion compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is economic outlook no 114 — current account balance in usd, residual in Iceland?
- Economic outlook no 114 — current account balance in usd, residual in Iceland was 0 in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 114 — current account balance in usd, residual recorded in Iceland?
- The highest recorded value was 113.05 million in 2020.
- What is the lowest economic outlook no 114 — current account balance in usd, residual recorded in Iceland?
- The lowest recorded value was -92.25 million in 2016.
- How does Iceland rank for economic outlook no 114 — current account balance in usd, residual?
- Iceland ranks 8th out of 38 countries with data for 2025.
- Is economic outlook no 114 — current account balance in usd, residual rising or falling in Iceland?
- Over the last ten years it is up 100.0%. 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 No 114 — Current account balance in USD, residual item. Statizoid updates them automatically from the source API.
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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. EO114 Database inventory EO114 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org