Currency in circulation outside of depository corporations in Iceland
Iceland: Currency in circulation outside of depository corporations was 63.37 billion Domestic currency in 2024. ◆ Volatile
Currency in circulation outside of depository corporations in Iceland, 2001–2024
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
Iceland recorded 63.37 billion Domestic currency for currency in circulation outside of depository corporations in 2024.
That represents a change of down 6.1% on the previous year and up 43.9% over ten years.
Over the whole period, currency in circulation outside of depository corporations in Iceland peaked at 74.33 billion Domestic currency in 2021 and was at its lowest, 7.41 billion Domestic currency, in 2001.
That places Iceland 86th out of 145 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.
Currency in circulation outside of depository corporations in Iceland, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 2001 | 7.41 billion Domestic currency | — |
| 2002 | 7.67 billion Domestic currency | +3.5% |
| 2003 | 8.39 billion Domestic currency | +9.4% |
| 2004 | 9.14 billion Domestic currency | +9.0% |
| 2005 | 10.50 billion Domestic currency | +14.8% |
| 2006 | 11.47 billion Domestic currency | +9.3% |
| 2007 | 12.43 billion Domestic currency | +8.3% |
| 2008 | 20.35 billion Domestic currency | +63.7% |
| 2009 | 25.72 billion Domestic currency | +26.4% |
| 2010 | 34.67 billion Domestic currency | +34.8% |
| 2011 | 39.39 billion Domestic currency | +13.6% |
| 2012 | 40.86 billion Domestic currency | +3.7% |
| 2013 | 41.62 billion Domestic currency | +1.8% |
| 2014 | 44.03 billion Domestic currency | +5.8% |
| 2015 | 48.90 billion Domestic currency | +11.1% |
| 2016 | 55.10 billion Domestic currency | +12.7% |
| 2017 | 60.29 billion Domestic currency | +9.4% |
| 2018 | 64.35 billion Domestic currency | +6.7% |
| 2019 | 66.73 billion Domestic currency | +3.7% |
| 2020 | 73.71 billion Domestic currency | +10.5% |
| 2021 | 74.33 billion Domestic currency | +0.8% |
| 2022 | 72.84 billion Domestic currency | -2.0% |
| 2023 | 67.52 billion Domestic currency | -7.3% |
| 2024 | 63.37 billion Domestic currency | -6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.56 billion Domestic currency | 7.41 billion Domestic currency | 25.72 billion Domestic currency | 9 |
| 2010s | 49.59 billion Domestic currency | 34.67 billion Domestic currency | 66.73 billion Domestic currency | 10 |
| 2020s | 70.36 billion Domestic currency | 63.37 billion Domestic currency | 74.33 billion Domestic currency | 5 |
Countries ranked near Iceland
- 83 Comoros 72.47 billion Domestic currency compare
- 84 Honduras 68.39 billion Domestic currency compare
- 85 Mauritius 63.95 billion Domestic currency compare
- 87 Sweden 56.60 billion Domestic currency compare
- 88 North Macedonia 56.23 billion Domestic currency compare
- 89 Republic of Moldova 50.14 billion 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 currency in circulation outside of depository corporations in Iceland?
- Currency in circulation outside of depository corporations in Iceland was 63.37 billion Domestic currency in 2024, according to International Monetary Fund.
- What is the highest currency in circulation outside of depository corporations recorded in Iceland?
- The highest recorded value was 74.33 billion Domestic currency in 2021.
- What is the lowest currency in circulation outside of depository corporations recorded in Iceland?
- The lowest recorded value was 7.41 billion Domestic currency in 2001.
- How does Iceland rank for currency in circulation outside of depository corporations?
- Iceland ranks 86th out of 145 countries with data for 2024.
- Is currency in circulation outside of depository corporations rising or falling in Iceland?
- Over the last ten years it is up 43.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Currency in circulation outside of depository corporations (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.