Broad money to total reserves ratio in Iceland
Iceland: Broad money to total reserves ratio was 3.49 in 2024. ▼ Falling
Broad money to total reserves ratio in Iceland, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
The most recent figure for broad money to total reserves ratio in Iceland is 3.49, measured in 2024.
That represents a change of up 1.3% on the previous year and up 4.4% over ten years.
Over the whole period, broad money to total reserves ratio in Iceland peaked at 10.52 in 2005 and was at its lowest, 1.56, in 2011.
Iceland ranks 67th of 159 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 65 years of available data.
Broad money to total reserves ratio in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 7.38 | — |
| 1961 | 4.33 | -41.3% |
| 1962 | 3.78 | -12.6% |
| 1963 | 4 | +5.7% |
| 1964 | 3.27 | -18.2% |
| 1965 | 3.33 | +1.8% |
| 1966 | 3.46 | +3.9% |
| 1967 | 6.68 | +93.1% |
| 1968 | 6.51 | -2.6% |
| 1969 | 4.11 | -36.8% |
| 1970 | 3.65 | -11.3% |
| 1971 | 3.38 | -7.3% |
| 1972 | 3.29 | -2.6% |
| 1973 | 3.57 | +8.4% |
| 1974 | 7.96 | +123.1% |
| 1975 | 7.08 | -11.0% |
| 1976 | 4.74 | -33.1% |
| 1977 | 4.98 | +5.1% |
| 1978 | 3.9 | -21.7% |
| 1979 | 3.67 | -5.8% |
| 1980 | 4.12 | +12.1% |
| 1981 | 2.78 | -32.5% |
| 1982 | 4.11 | +48.0% |
| 1983 | 3.67 | -10.7% |
| 1984 | 4.55 | +23.8% |
| 1985 | 3.43 | -24.5% |
| 1986 | 3.08 | -10.3% |
| 1987 | 4.4 | +42.8% |
| 1988 | 5.57 | +26.5% |
| 1989 | 5.5 | -1.1% |
| 1990 | 4.82 | -12.4% |
| 1991 | 5.38 | +11.6% |
| 1992 | 5.2 | -3.4% |
| 1993 | 5.45 | +4.7% |
| 1994 | 7.68 | +41.0% |
| 1995 | 8.11 | +5.6% |
| 1996 | 5.81 | -28.4% |
| 1997 | 7.07 | +21.6% |
| 1998 | 7.31 | +3.5% |
| 1999 | 7.52 | +2.9% |
| 2000 | 9.36 | +24.4% |
| 2001 | 9.92 | +5.9% |
| 2002 | 9.31 | -6.1% |
| 2003 | 7.68 | -17.6% |
| 2004 | 7.44 | -3.1% |
| 2005 | 10.52 | +41.4% |
| 2006 | 6.9 | -34.4% |
| 2007 | 7.12 | +3.2% |
| 2008 | 5.05 | -29.1% |
| 2009 | 3.38 | -33.0% |
| 2010 | 2.07 | -39.0% |
| 2011 | 1.56 | -24.5% |
| 2012 | 2.81 | +80.4% |
| 2013 | 2.98 | +6.0% |
| 2014 | 3.35 | +12.3% |
| 2015 | 2.59 | -22.6% |
| 2016 | 1.88 | -27.4% |
| 2017 | 2.46 | +30.7% |
| 2018 | 2.7 | +9.6% |
| 2019 | 2.37 | -12.2% |
| 2020 | 2.43 | +2.7% |
| 2021 | 2.61 | +7.2% |
| 2022 | 3.2 | +22.9% |
| 2023 | 3.45 | +7.7% |
| 2024 | 3.49 | +1.3% |
Iceland compared with similar countries
- Iceland's 3.49 is above the median for high income countries, which is 3.42, 1.0× the median. (41 countries reporting)
- Iceland's 3.49 is above the median for Europe & Central Asia, which is 2.3, 1.5× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Broad money to total reserves ratio 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 |
|---|---|---|---|
| 1974 | +123.1% | 3.57 | 7.96 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.68 | 3.27 | 7.38 | 10 |
| 1970s | 4.62 | 3.29 | 7.96 | 10 |
| 1980s | 4.12 | 2.78 | 5.57 | 10 |
| 1990s | 6.44 | 4.82 | 8.11 | 10 |
| 2000s | 7.67 | 3.38 | 10.52 | 10 |
| 2010s | 2.48 | 1.56 | 3.35 | 10 |
| 2020s | 3.04 | 2.43 | 3.49 | 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 to total reserves ratio in Iceland?
- Broad money to total reserves ratio in Iceland was 3.49 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Iceland?
- The highest recorded value was 10.52 in 2005.
- What is the lowest broad money to total reserves ratio recorded in Iceland?
- The lowest recorded value was 1.56 in 2011.
- How does Iceland rank for broad money to total reserves ratio?
- Iceland ranks 67th out of 159 countries with data for 2024.
- Is broad money to total reserves ratio rising or falling in Iceland?
- Over the last ten years it is up 4.4%. The long-run trend across the full record is falling.
- 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 to total reserves ratio. 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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).