Economic Outlook No 117 — Current account balance in USD, residual in Iceland
Iceland: Economic Outlook No 117 — Current account balance in USD, residual was 0 in 2026. ◆ Volatile
Economic Outlook No 117 — Current account balance in USD, residual in Iceland, 1974–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 117 — current account balance in usd, residual in Iceland stood at 0.
That represents a change of up 100.0% over ten years.
Over the whole period, economic outlook no 117 — current account balance in usd, residual in Iceland peaked at 114.88 million in 2020 and was at its lowest, -89.87 million, in 2016.
That places Iceland 10th out of 38 countries with data for 2026, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — Current account balance in USD, residual in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | -374,366 | — |
| 1975 | 8.66 million | -2413.4% |
| 1976 | 22.50 million | +159.8% |
| 1977 | 26.51 million | +17.8% |
| 1978 | 25.52 million | -3.7% |
| 1979 | 28.92 million | +13.3% |
| 1980 | 45.86 million | +58.6% |
| 1981 | 35.64 million | -22.3% |
| 1982 | 59.03 million | +65.7% |
| 1983 | 22.23 million | -62.4% |
| 1984 | 27.39 million | +23.2% |
| 1985 | 29.59 million | +8.0% |
| 1986 | 26.41 million | -10.7% |
| 1987 | 37.51 million | +42.0% |
| 1988 | 46.42 million | +23.8% |
| 1989 | 28.04 million | -39.6% |
| 1990 | -278,042 | -101.0% |
| 1991 | 581,729 | -309.2% |
| 1992 | -790,270 | -235.8% |
| 1993 | 491,840 | -162.2% |
| 1994 | 1.27 million | +159.0% |
| 1995 | -872,890 | -168.5% |
| 1996 | -3.34 million | +283.1% |
| 1997 | 2.90 million | -186.9% |
| 1998 | 2.93 million | +1.0% |
| 1999 | 8.55 million | +191.4% |
| 2000 | 2.39 million | -72.1% |
| 2001 | -4.27 million | -279.1% |
| 2002 | 12.62 million | -395.3% |
| 2003 | 12.47 million | -1.1% |
| 2004 | 6.34 million | -49.1% |
| 2005 | 23.68 million | +273.3% |
| 2006 | 29.18 million | +23.2% |
| 2007 | 38.07 million | +30.5% |
| 2008 | 31.75 million | -16.6% |
| 2009 | 5.54 million | -82.6% |
| 2010 | 21.62 million | +290.6% |
| 2011 | 3.07 million | -85.8% |
| 2012 | -10.37 million | -438.2% |
| 2013 | -540,053 | -94.8% |
| 2014 | -29.18 million | +5303.7% |
| 2015 | -43.51 million | +49.1% |
| 2016 | -89.87 million | +106.6% |
| 2017 | -4.02 million | -95.5% |
| 2018 | -36.62 million | +810.3% |
| 2019 | -15.52 million | -57.6% |
| 2020 | 114.88 million | -840.0% |
| 2021 | -61.21 million | -153.3% |
| 2022 | -56.77 million | -7.3% |
| 2023 | -63.32 million | +11.5% |
| 2024 | -27.58 million | -56.4% |
| 2025 | 0 | -100.0% |
| 2026 | 0 | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.62 million | -374,366 | 28.92 million | 6 |
| 1980s | 35.81 million | 22.23 million | 59.03 million | 10 |
| 1990s | 1.15 million | -3.34 million | 8.55 million | 10 |
| 2000s | 15.78 million | -4.27 million | 38.07 million | 10 |
| 2010s | -20.49 million | -89.87 million | 21.62 million | 10 |
| 2020s | -13.43 million | -63.32 million | 114.88 million | 7 |
Countries ranked near Iceland
- 7 Ireland 1.13 billion compare
- 7 Italy 1.13 billion compare
- 9 Costa Rica 818.74 million compare
- 9 Türkiye -745.60 million compare
- 10 United States of America 0 compare
- 10 Romania 0 compare
- 10 China 0
- 10 Bulgaria 0 compare
- 10 United Kingdom of Great Britain and Northern Ireland 0
- 10 Australia 0 compare
- 10 South Africa 0 compare
- 10 Austria 0 compare
- 10 Belgium 0 compare
- 10 Canada 0 compare
- 10 Chile 0 compare
- 10 Denmark 0 compare
- 10 Finland 0 compare
- 10 France 0 compare
- 10 Germany 0 compare
- 10 Hungary 0 compare
- 10 Japan 0 compare
- 10 Sweden 0 compare
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)
- Total reserves minus gold (current US$), annual growth rate 19.51 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1932 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 18,994 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.88 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 25,628 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.82 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 33.48 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is economic outlook no 117 — current account balance in usd, residual in Iceland?
- Economic outlook no 117 — current account balance in usd, residual in Iceland was 0 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — current account balance in usd, residual recorded in Iceland?
- The highest recorded value was 114.88 million in 2020.
- What is the lowest economic outlook no 117 — current account balance in usd, residual recorded in Iceland?
- The lowest recorded value was -89.87 million in 2016.
- How does Iceland rank for economic outlook no 117 — current account balance in usd, residual?
- Iceland ranks 10th out of 38 countries with data for 2026.
- Is economic outlook no 117 — 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 117 — 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. 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