Current account balance in Iceland i
Free · Quarterly · % of GDP
Source: Eurostat (bop_gdp6_q), retrieved 2026-10-17 · View on Eurostat · See technical sheet
-9.3%
Iceland · Q2 2026
Iceland · Q2 2026Year-on-year change+0.1 pp
Previous period-2.2% Q1 2026
Rank in Europe30 of 32
EU271.2%
Spain2.0%
Trend
Country ranking → Iceland → Compare Spain and Iceland →
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| Period | Iceland | EU27 |
|---|---|---|
| Q2 2026 | -9.3% | 1.2% |
| Q1 2026 | -2.2% | 1.7% |
| Q4 2025 | -2.8% | 2.2% |
| Q3 2025 | 2.1% | 2.2% |
| Q2 2025 | -9.4% | 1.6% |
| Q1 2025 | -6.5% | 1.6% |
| Q4 2024 | -7.5% | 2.4% |
| Q3 2024 | 2.7% | 2.6% |
| Q2 2024 | -4.5% | 2.5% |
| Q1 2024 | -4.7% | 2.5% |
| Q4 2023 | -3.6% | 2.7% |
| Q3 2023 | 0.1% | 2.6% |
| Q2 2023 | -0.2% | 1.5% |
| Q1 2023 | -2.1% | 1.1% |
| Q4 2022 | 2.0% | 0.5% |
| Q3 2022 | 1.4% | -0.4% |
Data analysis
Iceland, “Current account balance” (Q2 2026): -9.3%; a year earlier, -9.4% (+0.1 pp: improvement). Iceland ranks 30 of 32 European countries with data. For reference, the EU27 records 1.2% and Spain 2.0%. Over the last 8 periods the series shows a downward trend.
About this indicator
- What is the latest current account balance figure in Iceland?
- -9.3% in Q2 2026, rank 30 of 32 European countries. The EU27 figure is 1.2%.
- What does current account balance measure?
- Current account balance, in % of GDP. A higher value indicates a more favourable situation.
- Where does the current account balance data come from?
- Eurostat, dataset bop_gdp6_q («Main Balance of Payments and International Investment Position items as share of GDP (BPM6)»). RAC-EU downloads it from Eurostat's official API and checks it every day.
- How often is current account balance updated?
- Quarterly. The latest period published is Q2 2026; RAC-EU adds new data and revisions on the day Eurostat publishes them.