Current account balance in Iceland

The current account balance of Iceland was -3.9% of GDP in 2025. The value for 2025 is the lowest since 2011.

Measure: Current account balance (World Bank) Unit: % of GDP Data: 1976 to 2025 Source: World Bank
Iceland, 2025 -3.9% % of GDP
Change from 2024 −0.5percentage points 2024: -3.4%
Median of OECD (38 countries), 2025 0.6% Middle value of 38 countries

Current account balance in Iceland over time

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Iceland

% of GDP. Source: World Bank, World Development Indicators. Gaps mean no published value; points are not joined across missing years.

Current account balance (World Bank) (% of GDP), 2001 to 2025
Period Iceland
2025 -3.9%
2024 -3.4%
2023 -1.4%
2022 -1.9%
2021 -2.6%
2020 1.9%
2019 7.4%
2018 4.4%
2017 4.9%
2016 9.1%
2015 6.3%
2014 4.9%
2013 6.8%
2012 -2.9%
2011 -4.5%
2010 -5.9%
2009 -8.9%
2008 -23.0%
2007 -13.6%
2006 -22.7%
2005 -15.5%
2004 -10.0%
2003 -4.8%
2002 1.4%
2001 -4.5%

A dash means no value was published for that period.

In short

  • That is a change of −0.5 percentage points from -3.4% in 2024.
  • Since 2015, when it was 6.3%, the figure has changed by −10.2 percentage points.

Source and dates

Original producer
International Monetary Fund, Balance of Payments Statistics
Distributed by
World Bank, World Development Indicators
Dataset or series code
BN.CAB.XOKA.GD.ZS · dataset details · view at source
Observation period
1976 to 2025 for Iceland
Provider update
8 October 2026
Retrieved
9 November 2026
Published here
9 November 2026
Licence
CC BY 4.0 (per series metadata)
Attribution
Source: World Bank, World Development Indicators, original data: International Monetary Fund, Balance of Payments Statistics