Capital account balance (credit less debit), Net (credits less) in Iceland
Iceland: Capital account balance (credit less debit), Net (credits less) was -22.50 million in 2024. ◆ Volatile
Capital account balance (credit less debit), Net (credits less debits) in Iceland, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for capital account balance (credit less debit), net (credits less debits) in Iceland is -22.50 million, measured in 2024.
Compared with earlier readings it is up 33.3% on the previous year and down 44.3% over ten years.
Over the whole period, capital account balance (credit less debit), net (credits less debits) in Iceland peaked at 8.15 million in 2021 and was at its lowest, -33.71 million, in 2023.
Iceland ranks 162nd of 193 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Capital account balance (credit less debit), Net (credits less) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -7.70 million | — |
| 2006 | -9.18 million | +19.2% |
| 2007 | -16.05 million | +74.8% |
| 2008 | -13.80 million | -14.0% |
| 2009 | -13.34 million | -3.3% |
| 2010 | -13.31 million | -0.2% |
| 2011 | -14.80 million | +11.2% |
| 2012 | -11.86 million | -19.9% |
| 2013 | -12.52 million | +5.5% |
| 2014 | -15.59 million | +24.6% |
| 2015 | -12.87 million | -17.4% |
| 2016 | -14.91 million | +15.8% |
| 2017 | -16.03 million | +7.5% |
| 2018 | -8.59 million | -46.4% |
| 2019 | -2.07 million | -75.9% |
| 2020 | 7.71 million | -472.4% |
| 2021 | 8.15 million | +5.7% |
| 2022 | -15.46 million | -289.7% |
| 2023 | -33.71 million | +118.1% |
| 2024 | -22.50 million | -33.3% |
Iceland compared with similar countries
- Iceland's -22.50 million is below the median for high income countries, which is 1.17 million. (69 countries reporting)
- Iceland's -22.50 million is below the median for Europe & Central Asia, which is 10.26 million. (49 countries reporting)
Biggest year-on-year movements
Years where Capital account balance (credit less debit), Net (credits less) 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 |
|---|---|---|---|
| 2020 | +472.4% | -2.07 million | 7.71 million |
| 2022 | -289.7% | 8.15 million | -15.46 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -12.01 million | -16.05 million | -7.70 million | 5 |
| 2010s | -12.26 million | -16.03 million | -2.07 million | 10 |
| 2020s | -11.16 million | -33.71 million | 8.15 million | 5 |
Countries ranked near Iceland
More financial sector data for Iceland
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 243.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 177.89 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 243.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is capital account balance (credit less debit), net (credits less debits) in Iceland?
- Capital account balance (credit less debit), net (credits less debits) in Iceland was -22.50 million in 2024, according to International Monetary Fund.
- What is the highest capital account balance (credit less debit), net (credits less debits) recorded in Iceland?
- The highest recorded value was 8.15 million in 2021.
- What is the lowest capital account balance (credit less debit), net (credits less debits) recorded in Iceland?
- The lowest recorded value was -33.71 million in 2023.
- How does Iceland rank for capital account balance (credit less debit), net (credits less debits)?
- Iceland ranks 162nd out of 193 countries with data for 2024.
- Is capital account balance (credit less debit), net (credits less debits) rising or falling in Iceland?
- Over the last ten years it is down 44.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Capital account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.