Iceland - External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Iceland was -21,601,080,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 172,972,000,000 in 2015 and a minimum value of -205,001,000,000 in 2006.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1970 7,224,000
1971 -38,179,000
1972 -13,914,000
1973 -22,093,000
1974 -146,675,000
1975 -180,798,000
1976 8,088,000
1977 -38,046,000
1978 191,899,000
1979 103,784,000
1980 -16,688,000
1981 -393,780,000
1982 -1,886,012,000
1983 1,383,752,000
1984 -144,982,000
1985 55,090,000
1986 6,047,583,000
1987 -2,424,033,000
1988 -2,585,189,000
1989 6,857,023,000
1990 4,456,234,000
1991 -5,395,202,000
1992 -729,600,000
1993 12,680,130,000
1994 22,220,550,000
1995 15,898,200,000
1996 2,433,100,000
1997 2,483,518,000
1998 -26,229,080,000
1999 -29,342,100,000
2000 -48,812,110,000
2001 -6,843,690,000
2002 13,652,480,000
2003 -25,906,800,000
2004 -54,459,510,000
2005 -124,546,000,000
2006 -205,001,000,000
2007 -124,697,000,000
2008 -33,179,000,000
2009 130,841,000,000
2010 165,509,000,000
2011 135,595,000,000
2012 106,404,000,000
2013 151,819,000,000
2014 132,955,000,000
2015 172,972,000,000
2016 166,676,000,000
2017 118,506,000,000
2018 94,558,730,000
2019 138,091,000,000
2020 -21,601,080,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts