Germany current account balance with Iceland
Germany current account balance with Iceland stood at -153.18 EUR million in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Current account by partner country table (Value · Monthly), with a complete series running from Jan 1971 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Current account by partner country table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other European countries | |||||||||||
| Iceland | -153.18 | -49.79 | -43.18 | -2.57 | 19.66 | 31.69 | 12.2 | 20.04 | -64.13 | 43.04 | |
| Liechtenstein | -5.61 | 16.67 | 4.59 | -51.98 | 25.47 | 20.85 | 12.44 | 28.29 | 1.5 | -9.89 |
Understanding germany current account balance with Iceland
Charting the net balance of primary income, secondary transfers, and commercial trade, this indicator specifically monitors macroeconomic exchanges with Iceland. The resulting profile captures the highly specific dynamics of small-volume, high-value capital goods transactions occurring outside standard continental supply chains. This is paired directly with aggressively seasonal travel service receipts and highly concentrated foreign direct investment income, creating a distinct statistical signature compared to larger, diversified European counterparts.
Because the absolute transaction volumes are comparatively restricted, a single exceptional event—such as a large-scale machinery order or an aircraft lease—can wildly distort the unadjusted monthly baseline. Consequently, interpreting the data on a month-on-month basis yields erratic and often meaningless signals. Analysts rely on rolling annual totals or strict year-on-year comparisons to smooth out the severe volatility introduced by isolated high-value settlements and peak travel seasons. Revisions are standard, generally smoothing out provisional estimations of seasonal tourism expenditures as definitive payment network data arrives.
Frequently asked questions
- Can a single large commercial export distort this series?
- Yes, given the restricted overall transaction volumes, exceptional settlements heavily impact the nominal balance.
- How are bilateral tourism expenditures classified statistically?
- All cross-border visitor spending is recorded systematically under the travel component of services.
- Is seasonal adjustment applied to the travel service data?
- No, the extreme seasonal peaks remain completely visible in these unadjusted raw figures.