Broad money in Iceland
Iceland: Broad money was 67.4% in 2024. ▲ Rising
Broad money in Iceland, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for broad money in Iceland is 67.4%, measured in 2024.
The figure is up 6.6% on the previous year and down 13.0% over ten years.
Over the whole period, broad money in Iceland peaked at 99.4% in 2009 and was at its lowest, 19.1%, in 1981.
Iceland ranks 68th of 166 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 65 years of available data.
Broad money in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 34.9% | — |
| 1961 | 38.8% | +11.3% |
| 1962 | 40.3% | +3.9% |
| 1963 | 38.6% | -4.2% |
| 1964 | 31.4% | -18.7% |
| 1965 | 32.6% | +3.8% |
| 1966 | 30.4% | -6.8% |
| 1967 | 36.1% | +18.8% |
| 1968 | 36.5% | +1.1% |
| 1969 | 36.4% | -0.3% |
| 1970 | 36.0% | -1.0% |
| 1971 | 34.2% | -5.1% |
| 1972 | 32.2% | -5.9% |
| 1973 | 30.3% | -5.7% |
| 1974 | 26.8% | -11.6% |
| 1975 | 24.2% | -9.7% |
| 1976 | 22.9% | -5.5% |
| 1977 | 22.8% | -0.2% |
| 1978 | 21.9% | -4.3% |
| 1979 | 23.3% | +6.4% |
| 1980 | 23.8% | +2.5% |
| 1981 | 19.1% | -19.7% |
| 1982 | 20.8% | +8.5% |
| 1983 | 21.6% | +3.8% |
| 1984 | 21.9% | +1.5% |
| 1985 | 24.6% | +12.5% |
| 1986 | 24.5% | -0.4% |
| 1987 | 25.8% | +5.1% |
| 1988 | 27.4% | +6.1% |
| 1989 | 33.5% | +22.3% |
| 1990 | 32.8% | -2.1% |
| 1991 | 35.1% | +7.2% |
| 1992 | 36.5% | +3.9% |
| 1993 | 37.7% | +3.3% |
| 1994 | 36.2% | -4.0% |
| 1995 | 36.0% | -0.6% |
| 1996 | 35.7% | -0.9% |
| 1997 | 36.4% | +2.2% |
| 1998 | 37.5% | +2.8% |
| 1999 | 40.9% | +9.1% |
| 2000 | 41.5% | +1.5% |
| 2001 | 42.3% | +2.0% |
| 2002 | 45.6% | +7.8% |
| 2003 | 54.3% | +19.1% |
| 2004 | 57.2% | +5.3% |
| 2005 | 65.6% | +14.5% |
| 2006 | 91.4% | +39.4% |
| 2007 | 85.3% | -6.7% |
| 2008 | 98.8% | +15.8% |
| 2009 | 99.4% | +0.7% |
| 2010 | 85.9% | -13.6% |
| 2011 | 86.5% | +0.8% |
| 2012 | 78.9% | -8.9% |
| 2013 | 77.7% | -1.4% |
| 2014 | 77.4% | -0.4% |
| 2015 | 73.8% | -4.7% |
| 2016 | 64.5% | -12.6% |
| 2017 | 64.5% | -0.1% |
| 2018 | 63.9% | -0.9% |
| 2019 | 64.2% | +0.5% |
| 2020 | 70.8% | +10.2% |
| 2021 | 70.3% | -0.7% |
| 2022 | 64.6% | -8.1% |
| 2023 | 63.2% | -2.2% |
| 2024 | 67.4% | +6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 35.6% | 30.4% | 40.3% | 10 |
| 1970s | 27.5% | 21.9% | 36.0% | 10 |
| 1980s | 24.3% | 19.1% | 33.5% | 10 |
| 1990s | 36.5% | 32.8% | 40.9% | 10 |
| 2000s | 68.1% | 41.5% | 99.4% | 10 |
| 2010s | 73.7% | 63.9% | 86.5% | 10 |
| 2020s | 67.3% | 63.2% | 70.8% | 5 |
Countries ranked near Iceland
More financial sector data for Iceland
- Total reserves in months of imports, annual growth rate 10.27 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 15.36 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1281 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 12,597 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 13.81 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 13,870 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 15 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 14,388 SDR per person (2025)
Frequently asked questions
- What is broad money in Iceland?
- Broad money in Iceland was 67.4% 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 99.4% in 2009.
- What is the lowest broad money recorded in Iceland?
- The lowest recorded value was 19.1% in 1981.
- How does Iceland rank for broad money?
- Iceland ranks 68th out of 166 countries with data for 2024.
- Is broad money rising or falling in Iceland?
- Over the last ten years it is down 13.0%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.