Economic Outlook No 117 — Current account balance, residual item in Iceland
Iceland: Economic Outlook No 117 — Current account balance, residual item was 0 in 2026. ◆ Volatile
Economic Outlook No 117 — Current account balance, residual item in Iceland, 1974–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
Iceland recorded 0 for economic outlook no 117 — current account balance, residual item in 2026.
That represents a change of up 100.0% over ten years.
Over the whole period, economic outlook no 117 — current account balance, residual item in Iceland peaked at 15.21 billion in 2020 and was at its lowest, -11.12 billion, in 2016.
That places Iceland 9th out of 34 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, residual item in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | -970,908 | — |
| 1975 | 12.90 million | -1428.3% |
| 1976 | 43.05 million | +233.8% |
| 1977 | 48.47 million | +12.6% |
| 1978 | 86.10 million | +77.6% |
| 1979 | 94.04 million | +9.2% |
| 1980 | 254.95 million | +171.1% |
| 1981 | 310.01 million | +21.6% |
| 1982 | 500.76 million | +61.5% |
| 1983 | 521.63 million | +4.2% |
| 1984 | 977.79 million | +87.4% |
| 1985 | 1.22 billion | +25.1% |
| 1986 | 1.07 billion | -12.7% |
| 1987 | 1.49 billion | +39.9% |
| 1988 | 1.98 billion | +32.6% |
| 1989 | 1.67 billion | -15.6% |
| 1990 | -136.57 million | -108.2% |
| 1991 | -114.55 million | -16.1% |
| 1992 | -81.66 million | -28.7% |
| 1993 | 181.02 million | -321.7% |
| 1994 | 81.69 million | -54.9% |
| 1995 | -56.27 million | -168.9% |
| 1996 | -219.66 million | +290.4% |
| 1997 | 207.16 million | -194.3% |
| 1998 | 177.98 million | -14.1% |
| 1999 | 599.49 million | +236.8% |
| 2000 | 283.76 million | -52.7% |
| 2001 | -276.74 million | -197.5% |
| 2002 | 1.07 billion | -485.6% |
| 2003 | 895.54 million | -16.1% |
| 2004 | 337.69 million | -62.3% |
| 2005 | 1.47 billion | +334.1% |
| 2006 | 2.01 billion | +37.1% |
| 2007 | 2.29 billion | +14.1% |
| 2008 | 3.96 billion | +72.6% |
| 2009 | 684.23 million | -82.7% |
| 2010 | 2.29 billion | +234.1% |
| 2011 | 454.12 million | -80.1% |
| 2012 | -1.22 billion | -368.3% |
| 2013 | -174.17 million | -85.7% |
| 2014 | -3.07 billion | +1663.3% |
| 2015 | -5.84 billion | +90.2% |
| 2016 | -11.12 billion | +90.4% |
| 2017 | -534.94 million | -95.2% |
| 2018 | -3.73 billion | +597.1% |
| 2019 | -1.89 billion | -49.3% |
| 2020 | 15.21 billion | -904.3% |
| 2021 | -7.73 billion | -150.8% |
| 2022 | -7.48 billion | -3.3% |
| 2023 | -8.47 billion | +13.2% |
| 2024 | -3.77 billion | -55.5% |
| 2025 | 0 | -100.0% |
| 2026 | 0 | — |
Biggest year-on-year movements
Years where Economic Outlook No 117 — Current account balance, 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 |
|---|---|---|---|
| 2014 | -1663.3% | -174.17 million | -3.07 billion |
| 1975 | +1428.3% | -970,908 | 12.90 million |
| 2020 | +904.3% | -1.89 billion | 15.21 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 47.26 million | -970,908 | 94.04 million | 6 |
| 1980s | 1.00 billion | 254.95 million | 1.98 billion | 10 |
| 1990s | 63.86 million | -219.66 million | 599.49 million | 10 |
| 2000s | 1.27 billion | -276.74 million | 3.96 billion | 10 |
| 2010s | -2.48 billion | -11.12 billion | 2.29 billion | 10 |
| 2020s | -1.75 billion | -8.47 billion | 15.21 billion | 7 |
Countries ranked near Iceland
- 6 Portugal 1.04 billion compare
- 7 Ireland 1.00 billion compare
- 7 Italy 1.00 billion compare
- 8 Türkiye -28.79 billion compare
- 9 United States 0 compare
- 9 Romania 0 compare
- 9 Bulgaria 0 compare
- 9 United Kingdom 0
- 9 Austria 0 compare
- 9 Australia 0 compare
- 9 Canada 0 compare
- 9 Chile 0 compare
- 9 Denmark 0 compare
- 9 Hungary 0 compare
- 9 Japan 0 compare
- 9 Sweden 0 compare
- 9 Belgium 0 compare
- 9 Finland 0 compare
- 9 France 0 compare
- 9 Germany 0 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 117 — current account balance, residual item in Iceland?
- Economic outlook no 117 — current account balance, residual item 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, residual item recorded in Iceland?
- The highest recorded value was 15.21 billion in 2020.
- What is the lowest economic outlook no 117 — current account balance, residual item recorded in Iceland?
- The lowest recorded value was -11.12 billion in 2016.
- How does Iceland rank for economic outlook no 117 — current account balance, residual item?
- Iceland ranks 9th out of 34 countries with data for 2026.
- Is economic outlook no 117 — current account balance, residual item 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, 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