Broad money growth (annual %) in Iceland
Iceland: Broad money growth (annual %) was 11.7% in 2024. ◆ Volatile
Broad money growth in Iceland, 1961–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Iceland recorded 11.7% for broad money growth in 2024.
That represents a change of up 40.1% on the previous year and up 101.4% over ten years.
Over the whole period, broad money growth in Iceland peaked at 80.1% in 1983 and was at its lowest, -10.0%, in 2010.
That places Iceland 69th out of 167 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth (annual %) in Iceland, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 26.0% | — |
| 1962 | 25.1% | -3.7% |
| 1963 | 14.3% | -42.9% |
| 1964 | 3.9% | -72.9% |
| 1965 | 25.2% | +550.8% |
| 1966 | 11.9% | -52.9% |
| 1967 | 20.5% | +72.4% |
| 1968 | 8.7% | -57.7% |
| 1969 | 23.3% | +169.3% |
| 1970 | 23.9% | +2.2% |
| 1971 | 20.8% | -12.9% |
| 1972 | 18.3% | -12.1% |
| 1973 | 32.4% | +77.5% |
| 1974 | 28.6% | -11.8% |
| 1975 | 29.0% | +1.1% |
| 1976 | 32.9% | +13.5% |
| 1977 | 44.1% | +34.0% |
| 1978 | 48.4% | +9.9% |
| 1979 | 57.2% | +18.2% |
| 1980 | 65.3% | +14.2% |
| 1981 | 24.9% | -61.9% |
| 1982 | 70.3% | +182.5% |
| 1983 | 80.1% | +14.0% |
| 1984 | 34.2% | -57.4% |
| 1985 | 53.5% | +56.6% |
| 1986 | 31.9% | -40.4% |
| 1987 | 36.9% | +15.6% |
| 1988 | 30.5% | -17.2% |
| 1989 | 50.6% | +65.8% |
| 1990 | 14.1% | -72.1% |
| 1991 | 15.9% | +12.8% |
| 1992 | 3.9% | -75.5% |
| 1993 | 6.5% | +67.6% |
| 1994 | 2.0% | -68.8% |
| 1995 | 2.5% | +23.8% |
| 1996 | 6.2% | +145.6% |
| 1997 | 9.4% | +51.1% |
| 1998 | 15.2% | +62.4% |
| 1999 | 17.3% | +13.6% |
| 2000 | 10.7% | -37.8% |
| 2001 | 15.2% | +41.2% |
| 2002 | 14.7% | -2.8% |
| 2003 | 22.4% | +51.7% |
| 2004 | 16.4% | -26.9% |
| 2005 | 26.2% | +60.2% |
| 2006 | 60.1% | +129.4% |
| 2007 | 5.9% | -90.3% |
| 2008 | 32.1% | +448.1% |
| 2009 | 2.5% | -92.3% |
| 2010 | -10.0% | -505.6% |
| 2011 | 5.7% | -156.8% |
| 2012 | -4.6% | -180.3% |
| 2013 | 4.7% | -201.9% |
| 2014 | 5.8% | +24.3% |
| 2015 | 5.6% | -3.7% |
| 2016 | -4.6% | -183.2% |
| 2017 | 5.0% | -208.6% |
| 2018 | 7.0% | +38.9% |
| 2019 | 6.6% | -5.7% |
| 2020 | 7.4% | +11.7% |
| 2021 | 10.9% | +47.5% |
| 2022 | 8.9% | -18.4% |
| 2023 | 8.3% | -6.2% |
| 2024 | 11.7% | +40.1% |
Iceland compared with similar countries
- Iceland's 11.7% is above the median for high income countries, which is 5.9%, 2.0× the median. (41 countries reporting)
- Iceland's 11.7% is above the median for Europe & Central Asia, which is 9.8%, 1.2× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Broad money growth (annual %) 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 |
|---|---|---|---|
| 1965 | +550.8% | 3.9% | 25.2% |
| 2010 | -505.6% | 2.5% | -10.0% |
| 2008 | +448.1% | 5.9% | 32.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.7% | 3.9% | 26.0% | 9 |
| 1970s | 33.6% | 18.3% | 57.2% | 10 |
| 1980s | 47.8% | 24.9% | 80.1% | 10 |
| 1990s | 9.3% | 2.0% | 17.3% | 10 |
| 2000s | 20.6% | 2.5% | 60.1% | 10 |
| 2010s | 2.1% | -10.0% | 7.0% | 10 |
| 2020s | 9.4% | 7.4% | 11.7% | 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 growth in Iceland?
- Broad money growth in Iceland was 11.7% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Iceland?
- The highest recorded value was 80.1% in 1983.
- What is the lowest broad money growth recorded in Iceland?
- The lowest recorded value was -10.0% in 2010.
- How does Iceland rank for broad money growth?
- Iceland ranks 69th out of 167 countries with data for 2024.
- Is broad money growth rising or falling in Iceland?
- Over the last ten years it is up 101.4%. 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 growth (annual %). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.