Iceland’s current account showed a deficit of 82.3 b.kr., or 6.8% of GDP, in Q2/2025. This represents a deterioration of 25.9 b.kr. relative to the previous quarter and 44.8 b.kr. relative to Q2/2024. The current account deficit was affected by investment related to data centre development, which caused a historically large deficit on goods trade measuring 135.2 b.kr., while services trade generated a surplus of 61.8 b.kr. The surplus on primary income was 3.9 b.kr., while the deficit on secondary income was 12.8 b.kr.