Money market Rate, Percent per annum in Iceland
Iceland: Money market Rate, Percent per annum was 7.51 in 2025. ◆ Volatile
Money market Rate, Percent per annum in Iceland, 1986–2025
Source: International Monetary Fund.
Analysis
Iceland recorded 7.51 for money market rate, percent per annum in 2025.
The figure is down 13.9% on the previous year and up 50.3% over ten years.
Over the whole period, money market rate, percent per annum in Iceland peaked at 34.49 in 1988 and was at its lowest, 1.05, in 2021.
That places Iceland 22nd out of 94 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Money market Rate, Percent per annum in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1986 | 27.1 | — |
| 1987 | 31.52 | +16.3% |
| 1988 | 34.49 | +9.4% |
| 1989 | 21.57 | -37.4% |
| 1990 | 12.73 | -41.0% |
| 1991 | 14.85 | +16.7% |
| 1992 | 12.38 | -16.7% |
| 1993 | 8.61 | -30.4% |
| 1994 | 4.96 | -42.4% |
| 1995 | 6.58 | +32.6% |
| 1996 | 6.96 | +5.7% |
| 1997 | 7.38 | +6.1% |
| 1998 | 8.12 | +9.9% |
| 1999 | 9.24 | +13.8% |
| 2000 | 11.61 | +25.8% |
| 2001 | 14.51 | +24.9% |
| 2002 | 11.21 | -22.7% |
| 2003 | 5.14 | -54.1% |
| 2004 | 6.22 | +20.9% |
| 2005 | 9.05 | +45.6% |
| 2006 | 12.41 | +37.0% |
| 2007 | 13.96 | +12.5% |
| 2008 | 16.05 | +14.9% |
| 2009 | 11.15 | -30.5% |
| 2010 | 6.92 | -38.0% |
| 2011 | 3.94 | -43.0% |
| 2012 | 4.8 | +21.7% |
| 2013 | 5.35 | +11.6% |
| 2014 | 5.17 | -3.5% |
| 2015 | 5 | -3.2% |
| 2016 | 5.47 | +9.3% |
| 2017 | 4.48 | -18.0% |
| 2018 | 4.09 | -8.8% |
| 2019 | 3.59 | -12.3% |
| 2020 | 1.21 | -66.1% |
| 2021 | 1.05 | -13.7% |
| 2022 | 4.23 | +303.6% |
| 2023 | 8.18 | +93.4% |
| 2024 | 8.73 | +6.7% |
| 2025 | 7.51 | -13.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 28.67 | 21.57 | 34.49 | 4 |
| 1990s | 9.18 | 4.96 | 14.85 | 10 |
| 2000s | 11.13 | 5.14 | 16.05 | 10 |
| 2010s | 4.88 | 3.59 | 6.92 | 10 |
| 2020s | 5.15 | 1.05 | 8.73 | 6 |
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 money market rate, percent per annum in Iceland?
- Money market rate, percent per annum in Iceland was 7.51 in 2025, according to International Monetary Fund.
- What is the highest money market rate, percent per annum recorded in Iceland?
- The highest recorded value was 34.49 in 1988.
- What is the lowest money market rate, percent per annum recorded in Iceland?
- The lowest recorded value was 1.05 in 2021.
- How does Iceland rank for money market rate, percent per annum?
- Iceland ranks 22nd out of 94 countries with data for 2025.
- Is money market rate, percent per annum rising or falling in Iceland?
- Over the last ten years it is up 50.3%. 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 market Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.