Iceland - Current Account Balance 1988
-3.66%
−0.35% from 1987
Iceland's current account balance was -3.66% in 1988, decreased +0.35% from -3.30% in 1987. This was the 59th highest globally.
Global Ranking - 1988▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Mongolia | -32.25% | 1.7% |
| 2nd | Nicaragua | -27.19% | -34.3% |
| 3rd | Lebanon | -21.69% | -252.9% |
| 4th | Bhutan | -20.72% | 40.5% |
| 5th | Congo, Republic of | -20.13% | -99.3% |
| 6th | Mozambique | -17.03% | -4.9% |
| 7th | Equatorial Guinea | -16.45% | 36.6% |
| 8th | Gabon | -16.05% | -123.0% |
| 9th | St. Kitts and Nevis | -15.94% | -46.1% |
| 10th | Solomon Islands | -15.78% | -12,054.6% |
| 11th | Guinea-Bissau | -13.05% | -16.2% |
| 12th | Lao PDR | -12.97% | -187.4% |
| 13th | Guyana | -12.08% | 30.7% |
| 14th | Peru | -11.78% | -173.5% |
| 15th | Grenada | -11.75% | 13.5% |
| 16th | Myanmar | -11.41% | 0.9% |
| 17th | Antigua and Barbuda | -10.95% | 65.9% |
| 18th | São Tomé and Principe | -10.88% | -8.4% |
| 19th | Tonga | -10.54% | -275.0% |
| 20th | Niger | -10.11% | -79.7% |
| 21st | Seychelles | -9.41% | -11.1% |
| 22nd | Mali | -8.89% | 3.9% |
| 23rd | Côte d'Ivoire | -8.79% | -26.6% |
| 24th | St. Vincent and the Grenadines | -8.36% | 27.4% |
| 25th | Saudi Arabia | -8.31% | 27.2% |
| 26th | Papua New Guinea | -8.11% | -46.8% |
| 27th | Zambia | -7.86% | -83.9% |
| 28th | Nepal | -7.78% | -104.3% |
| 29th | Libya | -7.51% | -65.8% |
| 30th | Aruba | -7.43% | -60.4% |
| 31st | Dominica | -7.15% | -54.8% |
| 32nd | Mauritania | -6.78% | 38.1% |
| 33rd | Bolivia, Plurinational State of | -6.62% | 28.6% |
| 34th | Benin | -6.51% | -330.6% |
| 35th | Burundi | -6.47% | 8.1% |
| 36th | Guinea | -6.37% | -373.0% |
| 37th | Senegal | -6.30% | -28.7% |
| 38th | Vanuatu | -6.21% | -165.3% |
| 39th | Sri Lanka | -5.65% | 7.2% |
| 40th | Kenya | -5.64% | -70.4% |
| 41st | Angola | -5.35% | -242.4% |
| 42nd | Guatemala | -5.28% | 18.2% |
| 43rd | Ecuador | -5.21% | 45.8% |
| 44th | Paraguay | -4.94% | 57.5% |
| 45th | Tanzania | -4.81% | 7.6% |
| 46th | Kiribati | -4.80% | -122.7% |
| 47th | Madagascar | -4.70% | -7.3% |
| 48th | Jordan | -4.68% | 9.7% |
| 49th | Togo | -4.48% | -55.9% |
| 50th | Malawi | -4.33% | -102.3% |
| 51st | St. Lucia | -4.17% | -18.3% |
| 52nd | Rwanda | -4.04% | 17.4% |
| 53rd | United Kingdom | -3.88% | -192.1% |
| 54th | Costa Rica | -3.87% | 23.1% |
| 55th | Australia | -3.83% | -12.9% |
| 56th | Norway | -3.82% | 21.2% |
| 57th | Pakistan | -3.70% | -103.4% |
| 58th | Oman | -3.69% | -146.2% |
| 59th | Iceland | -3.66% | -10.7% |
| 60th | Cameroon | -3.49% | 36.9% |
| 61st | Algeria | -3.45% | -1,775.6% |
| 62nd | Canada | -3.00% | 6.9% |
| 63rd | Uganda | -3.00% | -191.2% |
| 64th | Egypt, Arab Republic of | -2.98% | -129.1% |
| 65th | Central African Republic | -2.74% | 52.5% |
| 66th | Thailand | -2.68% | -282.2% |
| 67th | Viet Nam | -2.61% | -0.3% |
| 68th | Mauritius | -2.60% | -176.6% |
| 69th | Cyprus | -2.51% | -1,202.7% |
| 70th | Sudan | -2.49% | 81.4% |
| 71st | Finland | -2.47% | -30.9% |
| 72nd | India | -2.41% | -38.6% |
| 73rd | Bahamas, The | -2.36% | -101.0% |
| 74th | United States | -2.32% | 30.0% |
| 75th | Honduras | -2.26% | 42.1% |
| 76th | Suriname | -1.98% | -2.4% |
| 77th | Trinidad and Tobago | -1.97% | 57.3% |
| 78th | Comoros | -1.94% | 82.2% |
| 79th | Hungary | -1.92% | 22.7% |
| 80th | Portugal | -1.89% | -306.0% |
| 81st | Bulgaria | -1.78% | -0.8% |
| 82nd | Indonesia | -1.66% | 34.3% |
| 83rd | Israel | -1.59% | 53.6% |
| 84th | Burkina Faso | -1.58% | 15.4% |
| 85th | Haiti | -1.54% | -35.9% |
| 86th | Iran, Islamic Republic of | -1.52% | -90.3% |
| 87th | Congo, Democratic Republic of | -1.49% | 53.5% |
| 88th | Syrian Arab Republic | -1.42% | -55.3% |
| 89th | Albania | -1.32% | -598.5% |
| 90th | Mexico | -1.31% | -128.5% |
| 91st | Ghana | -1.29% | -69.9% |
| 92nd | Greece | -1.27% | 32.5% |
| 93rd | Argentina | -1.24% | 64.4% |
| 94th | China | -1.22% | -1,207.6% |
| 95th | Denmark | -1.16% | 57.8% |
| 96th | Bangladesh | -1.03% | 38.0% |
| 97th | Spain | -1.01% | -8,314.4% |
| 98th | Philippines | -0.90% | 22.8% |
| 99th | Chile | -0.88% | 73.5% |
| 100th | Italy | -0.80% | -121.6% |
| 101st | Belize | -0.62% | -123.2% |
| 102nd | Nigeria | -0.60% | -329.6% |
| 103rd | Colombia | -0.55% | -1,243.5% |
| 104th | France | -0.46% | 4.8% |
| 105th | Dominican Republic | -0.35% | 92.0% |
| 106th | New Zealand | -0.33% | 91.8% |
| 107th | Sierra Leone | -0.27% | 83.8% |
| 108th | Sweden | -0.26% | -249.3% |
| 109th | Cabo Verde | -0.19% | -103.5% |
| 110th | Austria | -0.18% | 16.1% |
| 111th | Poland | -0.16% | 73.8% |
| 112th | Ireland | 0.25% | 197.3% |
| 113th | Uruguay | 0.27% | 114.1% |
| 114th | El Salvador | 0.62% | -89.2% |
| 115th | Jamaica | 1.24% | 124.2% |
| 116th | Brazil | 1.35% | 369.4% |
| 117th | Zimbabwe | 1.60% | 86.4% |
| 118th | Chad | 1.72% | 220.0% |
| 119th | Türkiye | 1.76% | 359.0% |
| 120th | Morocco | 1.84% | 128.4% |
| 121st | Tunisia | 2.08% | 325.4% |
| 122nd | Belgium | 2.28% | 18.2% |
| 123rd | South Africa | 2.44% | -53.9% |
| 124th | Japan | 2.53% | -22.4% |
| 125th | Netherlands | 2.72% | 60.6% |
| 126th | Malta | 3.02% | 134.5% |
| 127th | Barbados | 3.06% | 200.9% |
| 128th | Germany | 3.84% | 3.8% |
| 129th | Switzerland | 4.10% | 22.8% |
| 130th | Bahrain | 4.56% | 185.6% |
| 131st | Malaysia | 5.29% | -29.0% |
| 132nd | Maldives | 5.37% | -59.2% |
| 133rd | Korea | 6.21% | 9.5% |
| 134th | Fiji | 6.36% | 313.8% |
| 135th | Hong Kong SAR, China | 6.44% | -16.0% |
| 136th | Botswana | 7.33% | -72.3% |
| 137th | United Arab Emirates | 7.42% | -33.2% |
| 138th | Singapore | 7.63% | 1,703.8% |
| 139th | Samoa | 7.69% | -14.4% |
| 140th | Romania | 9.70% | 177.6% |
| 141st | Gambia, The | 12.10% | 1,541.8% |
| 142nd | Panama | 12.22% | 41.2% |
| 143rd | Eswatini | 13.74% | 69.1% |
| 144th | Kuwait | 22.24% | 13.2% |
| 145th | Lesotho | 23.33% | -53.5% |
| 146th | Qatar | 38.55% | -16.4% |
| 147th | Brunei Darussalam | 60.89% | 4.1% |
FAQ
What was Iceland's current account balance in 1988?▾
Iceland's current account balance in 1988 was -3.66%. This ranked 59th globally.
How did Iceland's current account balance change in 1988?▾
Iceland's current account balance decreased by 10.7% in 1988 compared to 1987.
Which country had the highest current account balance in 1988?▾
Brunei Darussalam had the highest current account balance in 1988 at 60.89%.
What is the current account balance of Iceland in 1988?▾
The current account balance of Iceland in 1988 was -3.66%. This ranked 59th globally.
How does 1988 compare to 1987 for Iceland's current account balance?▾
Iceland's current account balance went from -3.30% in 1987 to -3.66% in 1988, a 10.7% decrease.
Related
1987
1989
All years
Full ranking 1988
Exports
Imports
Trade Balance
FDI Inflows
FDI Outflows
Peak: 2016
Lowest: 2008
Current Account Balance 1990s
Current Account Balance 2000s
Current Account Balance 2010s
Current Account Balance 2020s
Highest ever
Lowest ever
Average
vs Cayman Islands
vs Singapore
vs Norway
vs United States
NATO Current Account Balance
OECD Current Account Balance
Global Ranking