Money in Iceland
Iceland: Money was 410.78 billion in 2007. ◆ Volatile
Latest (2007)
410.78 billion
Change on year
up 102.8%
World rank
71st
of 162 countries
All-time high
410.78 billion
in 2007
All-time low
3.87 million
in 1951
Years of data
57
1951–2007
Money in Iceland, 1951–2007
Source: International Monetary Fund.
Analysis
Iceland recorded 410.78 billion for money in 2007. That is the highest value across all 57 years on record.
Compared with earlier readings it is up 102.8% on the previous year and up 749.6% over ten years.
Over the whole period, money in Iceland peaked at 410.78 billion in 2007 and was at its lowest, 3.87 million, in 1951.
That places Iceland 71st out of 162 countries with data for 2007, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Money in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1951 | 3.87 million | — |
| 1952 | 4.16 million | +7.5% |
| 1953 | 4.72 million | +13.5% |
| 1954 | 4.92 million | +4.2% |
| 1955 | 7.01 million | +42.5% |
| 1956 | 7.58 million | +8.1% |
| 1957 | 8.19 million | +8.0% |
| 1958 | 9.95 million | +21.5% |
| 1959 | 11.12 million | +11.8% |
| 1960 | 10.77 million | -3.1% |
| 1961 | 13.91 million | +29.2% |
| 1962 | 16.84 million | +21.1% |
| 1963 | 17.13 million | +1.7% |
| 1964 | 21.01 million | +22.7% |
| 1965 | 26.33 million | +25.3% |
| 1966 | 27.39 million | +4.0% |
| 1967 | 26.05 million | -4.9% |
| 1968 | 28.89 million | +10.9% |
| 1969 | 38.11 million | +31.9% |
| 1970 | 46.48 million | +22.0% |
| 1971 | 56.64 million | +21.9% |
| 1972 | 69.02 million | +21.8% |
| 1973 | 95.84 million | +38.9% |
| 1974 | 124.68 million | +30.1% |
| 1975 | 166.60 million | +33.6% |
| 1976 | 207.67 million | +24.7% |
| 1977 | 305.14 million | +46.9% |
| 1978 | 429.73 million | +40.8% |
| 1979 | 629.38 million | +46.5% |
| 1980 | 1.01 billion | +60.4% |
| 1981 | 1.63 billion | +61.2% |
| 1982 | 2.08 billion | +27.5% |
| 1983 | 3.70 billion | +78.2% |
| 1984 | 5.28 billion | +42.7% |
| 1985 | 6.72 billion | +27.4% |
| 1986 | 9.67 billion | +43.9% |
| 1987 | 12.71 billion | +31.3% |
| 1988 | 14.82 billion | +16.6% |
| 1989 | 19.80 billion | +33.6% |
| 1990 | 24.64 billion | +24.5% |
| 1991 | 29.56 billion | +19.9% |
| 1992 | 29.94 billion | +1.3% |
| 1993 | 31.57 billion | +5.4% |
| 1994 | 34.95 billion | +10.7% |
| 1995 | 38.32 billion | +9.6% |
| 1996 | 41.56 billion | +8.5% |
| 1997 | 48.35 billion | +16.4% |
| 1998 | 58.17 billion | +20.3% |
| 1999 | 70.47 billion | +21.1% |
| 2000 | 72.27 billion | +2.6% |
| 2001 | 70.82 billion | -2.0% |
| 2002 | 87.76 billion | +23.9% |
| 2003 | 114.75 billion | +30.8% |
| 2004 | 141.67 billion | +23.5% |
| 2005 | 174.02 billion | +22.8% |
| 2006 | 202.58 billion | +16.4% |
| 2007 | 410.78 billion | +102.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 6.84 million | 3.87 million | 11.12 million | 9 |
| 1960s | 22.64 million | 10.77 million | 38.11 million | 10 |
| 1970s | 213.12 million | 46.48 million | 629.38 million | 10 |
| 1980s | 7.74 billion | 1.01 billion | 19.80 billion | 10 |
| 1990s | 40.75 billion | 24.64 billion | 70.47 billion | 10 |
| 2000s | 159.33 billion | 70.82 billion | 410.78 billion | 8 |
Countries ranked near Iceland
- 68 Sao Tome and Principe 423.93 billion compare
- 69 Armenia 416.79 billion compare
- 70 South Africa 415.82 billion compare
- 72 Malawi 389.05 billion compare
- 73 Mauritania 363.49 billion compare
- 74 Poland 349.94 billion compare
More financial sector data for Iceland
- Net domestic credit (current LCU), per capita 11.64 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 118.35 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.25 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 2.23 million SDR (2025)
- Gold reserves at market value 203.48 million SDR (2025)
- Reserves excluding gold, foreign exchange 4.94 billion SDR (2025)
- Reserves excluding gold 5.44 billion SDR (2025)
- Total reserves (gold at market value) 5.65 billion SDR (2025)
- Total reserves (gold at national valuation) 5.64 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 14,384 SDR per person (2025)
Frequently asked questions
- What is money in Iceland?
- Money in Iceland was 410.78 billion in 2007, according to International Monetary Fund.
- What is the highest money recorded in Iceland?
- The highest recorded value was 410.78 billion in 2007.
- What is the lowest money recorded in Iceland?
- The lowest recorded value was 3.87 million in 1951.
- How does Iceland rank for money?
- Iceland ranks 71st out of 162 countries with data for 2007.
- Is money rising or falling in Iceland?
- Over the last ten years it is up 749.6%. 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 Money (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.