Broad Money (Domestic currency) in Iceland
Iceland: Broad Money (Domestic currency) was 3.08 trillion Domestic currency in 2024. ▲ Rising
Broad Money in Iceland, 2001–2024
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
In 2024, broad money in Iceland stood at 3.08 trillion Domestic currency. That is the highest value across all 24 years on record.
That represents a change of 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 Domestic currency in 2024 and was at its lowest, 343.35 billion Domestic currency, in 2001.
That places Iceland 57th out of 144 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Broad Money (Domestic currency) in Iceland, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 2001 | 343.35 billion Domestic currency | — |
| 2002 | 393.96 billion Domestic currency | +14.7% |
| 2003 | 482.09 billion Domestic currency | +22.4% |
| 2004 | 560.93 billion Domestic currency | +16.4% |
| 2005 | 707.93 billion Domestic currency | +26.2% |
| 2006 | 1.13 trillion Domestic currency | +60.1% |
| 2007 | 1.20 trillion Domestic currency | +5.9% |
| 2008 | 1.58 trillion Domestic currency | +32.1% |
| 2009 | 1.62 trillion Domestic currency | +2.5% |
| 2010 | 1.46 trillion Domestic currency | -10.0% |
| 2011 | 1.54 trillion Domestic currency | +5.7% |
| 2012 | 1.47 trillion Domestic currency | -4.6% |
| 2013 | 1.54 trillion Domestic currency | +4.7% |
| 2014 | 1.63 trillion Domestic currency | +5.8% |
| 2015 | 1.72 trillion Domestic currency | +5.6% |
| 2016 | 1.64 trillion Domestic currency | -4.6% |
| 2017 | 1.73 trillion Domestic currency | +5.0% |
| 2018 | 1.85 trillion Domestic currency | +7.0% |
| 2019 | 1.97 trillion Domestic currency | +6.6% |
| 2020 | 2.11 trillion Domestic currency | +7.4% |
| 2021 | 2.34 trillion Domestic currency | +10.9% |
| 2022 | 2.55 trillion Domestic currency | +8.9% |
| 2023 | 2.76 trillion Domestic currency | +8.3% |
| 2024 | 3.08 trillion Domestic currency | +11.7% |
Iceland compared with similar countries
- Iceland's 3.08 trillion Domestic currency is above the median for high income countries, which is 1.83 trillion Domestic currency, 1.7× the median. (33 countries reporting)
- Iceland's 3.08 trillion Domestic currency is above the median for Europe & Central Asia, which is 2.48 trillion Domestic currency, 1.2× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Broad Money (Domestic currency) 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 |
|---|---|---|---|
| 2006 | +60.1% | 707.93 billion Domestic currency | 1.13 trillion Domestic currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 892.30 billion Domestic currency | 343.35 billion Domestic currency | 1.62 trillion Domestic currency | 9 |
| 2010s | 1.66 trillion Domestic currency | 1.46 trillion Domestic currency | 1.97 trillion Domestic currency | 10 |
| 2020s | 2.57 trillion Domestic currency | 2.11 trillion Domestic currency | 3.08 trillion Domestic currency | 5 |
Countries ranked near Iceland
- 54 Dominican Republic 3.26 trillion Domestic currency compare
- 55 Norway 3.19 trillion Domestic currency compare
- 56 Togo 3.16 trillion Domestic currency compare
- 58 United Arab Emirates 2.75 trillion Domestic currency compare
- 59 Congo 2.64 trillion Domestic currency compare
- 60 Poland 2.48 trillion Domestic currency compare
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 Domestic currency in 2024, according to International Monetary Fund.
- What is the highest broad money recorded in Iceland?
- The highest recorded value was 3.08 trillion Domestic currency in 2024.
- What is the lowest broad money recorded in Iceland?
- The lowest recorded value was 343.35 billion Domestic currency in 2001.
- How does Iceland rank for broad money?
- Iceland ranks 57th out of 144 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 rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Broad Money (Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Monetary Aggregates dataset presents monetary aggregates based on standardized SRF data, while also reflecting country-specific components aligned with national definitions.