Broad money in Iceland
Iceland: Broad money was 3.08 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
3.08 trillion current LCU
Change on year
up 11.7%
World rank
65th
of 167 countries
All-time high
3.08 trillion current LCU
in 2024
All-time low
32.93 million current LCU
in 1960
Years of data
65
1960–2024
Broad money in Iceland, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for broad money in Iceland is 3.08 trillion current LCU, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 11.7% on the previous year and up 89.0% over ten years.
Over the whole period, broad money in Iceland peaked at 3.08 trillion current LCU in 2024 and was at its lowest, 32.93 million current LCU, in 1960.
Iceland ranks 65th of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 32.93 million current LCU | — |
| 1961 | 41.50 million current LCU | +26.0% |
| 1962 | 51.90 million current LCU | +25.1% |
| 1963 | 59.33 million current LCU | +14.3% |
| 1964 | 61.63 million current LCU | +3.9% |
| 1965 | 77.17 million current LCU | +25.2% |
| 1966 | 86.34 million current LCU | +11.9% |
| 1967 | 104.04 million current LCU | +20.5% |
| 1968 | 113.06 million current LCU | +8.7% |
| 1969 | 139.45 million current LCU | +23.3% |
| 1970 | 172.72 million current LCU | +23.9% |
| 1971 | 208.62 million current LCU | +20.8% |
| 1972 | 246.76 million current LCU | +18.3% |
| 1973 | 326.81 million current LCU | +32.4% |
| 1974 | 420.36 million current LCU | +28.6% |
| 1975 | 542.07 million current LCU | +29.0% |
| 1976 | 720.27 million current LCU | +32.9% |
| 1977 | 1.04 billion current LCU | +44.1% |
| 1978 | 1.54 billion current LCU | +48.4% |
| 1979 | 2.42 billion current LCU | +57.2% |
| 1980 | 4.00 billion current LCU | +65.3% |
| 1981 | 5.00 billion current LCU | +24.9% |
| 1982 | 8.51 billion current LCU | +70.3% |
| 1983 | 15.33 billion current LCU | +80.1% |
| 1984 | 20.57 billion current LCU | +34.2% |
| 1985 | 31.57 billion current LCU | +53.5% |
| 1986 | 41.64 billion current LCU | +31.9% |
| 1987 | 57.00 billion current LCU | +36.9% |
| 1988 | 74.41 billion current LCU | +30.5% |
| 1989 | 112.09 billion current LCU | +50.6% |
| 1990 | 127.90 billion current LCU | +14.1% |
| 1991 | 148.25 billion current LCU | +15.9% |
| 1992 | 154.03 billion current LCU | +3.9% |
| 1993 | 164.09 billion current LCU | +6.5% |
| 1994 | 167.44 billion current LCU | +2.0% |
| 1995 | 171.66 billion current LCU | +2.5% |
| 1996 | 182.28 billion current LCU | +6.2% |
| 1997 | 199.33 billion current LCU | +9.4% |
| 1998 | 229.61 billion current LCU | +15.2% |
| 1999 | 269.23 billion current LCU | +17.3% |
| 2000 | 298.15 billion current LCU | +10.7% |
| 2001 | 343.35 billion current LCU | +15.2% |
| 2002 | 393.96 billion current LCU | +14.7% |
| 2003 | 482.09 billion current LCU | +22.4% |
| 2004 | 560.93 billion current LCU | +16.4% |
| 2005 | 707.93 billion current LCU | +26.2% |
| 2006 | 1.13 trillion current LCU | +60.1% |
| 2007 | 1.20 trillion current LCU | +5.9% |
| 2008 | 1.58 trillion current LCU | +32.1% |
| 2009 | 1.62 trillion current LCU | +2.5% |
| 2010 | 1.46 trillion current LCU | -10.0% |
| 2011 | 1.54 trillion current LCU | +5.7% |
| 2012 | 1.47 trillion current LCU | -4.6% |
| 2013 | 1.54 trillion current LCU | +4.7% |
| 2014 | 1.63 trillion current LCU | +5.8% |
| 2015 | 1.72 trillion current LCU | +5.6% |
| 2016 | 1.64 trillion current LCU | -4.6% |
| 2017 | 1.73 trillion current LCU | +5.0% |
| 2018 | 1.85 trillion current LCU | +7.0% |
| 2019 | 1.97 trillion current LCU | +6.6% |
| 2020 | 2.11 trillion current LCU | +7.4% |
| 2021 | 2.34 trillion current LCU | +10.9% |
| 2022 | 2.55 trillion current LCU | +8.9% |
| 2023 | 2.76 trillion current LCU | +8.3% |
| 2024 | 3.08 trillion current LCU | +11.7% |
Iceland compared with similar countries
- Iceland's 3.08 trillion current LCU is above the median for high income countries, which is 1.81 trillion current LCU, 1.7× the median. (41 countries reporting)
- Iceland's 3.08 trillion current LCU is above the median for Europe & Central Asia, which is 1.83 trillion current LCU, 1.7× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 76.74 million current LCU | 32.93 million current LCU | 139.45 million current LCU | 10 |
| 1970s | 763.64 million current LCU | 172.72 million current LCU | 2.42 billion current LCU | 10 |
| 1980s | 37.01 billion current LCU | 4.00 billion current LCU | 112.09 billion current LCU | 10 |
| 1990s | 181.38 billion current LCU | 127.90 billion current LCU | 269.23 billion current LCU | 10 |
| 2000s | 832.89 billion current LCU | 298.15 billion current LCU | 1.62 trillion current LCU | 10 |
| 2010s | 1.66 trillion current LCU | 1.46 trillion current LCU | 1.97 trillion current LCU | 10 |
| 2020s | 2.57 trillion current LCU | 2.11 trillion current LCU | 3.08 trillion current LCU | 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 broad money in Iceland?
- Broad money in Iceland was 3.08 trillion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Iceland?
- The highest recorded value was 3.08 trillion current LCU in 2024.
- What is the lowest broad money recorded in Iceland?
- The lowest recorded value was 32.93 million current LCU in 1960.
- How does Iceland rank for broad money?
- Iceland ranks 65th out of 167 countries with data for 2024.
- Is broad money rising or falling in Iceland?
- Over the last ten years it is up 89.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.