National Definitions of Money, Base Money in Iceland
Iceland: National Definitions of Money, Base Money was 149.36 billion Domestic currency in 2024. ◆ Volatile
Latest (2024)
149.36 billion Domestic currency
Change on year
up 16.7%
World rank
60th
of 88 countries
All-time high
167.85 billion Domestic currency
in 2007
All-time low
12.46 billion Domestic currency
in 1994
Years of data
31
1994–2024
National Definitions of Money, Base Money in Iceland, 1994–2024
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
Iceland recorded 149.36 billion Domestic currency for national definitions of money, base money in 2024.
That represents a change of up 16.7% on the previous year and up 83.6% over ten years.
Over the whole period, national definitions of money, base money in Iceland peaked at 167.85 billion Domestic currency in 2007 and was at its lowest, 12.46 billion Domestic currency, in 1994.
Iceland ranks 60th of 88 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
National Definitions of Money, Base Money in Iceland, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 1994 | 12.46 billion Domestic currency | — |
| 1995 | 14.03 billion Domestic currency | +12.6% |
| 1996 | 16.16 billion Domestic currency | +15.2% |
| 1997 | 18.19 billion Domestic currency | +12.6% |
| 1998 | 20.56 billion Domestic currency | +13.0% |
| 1999 | 32.54 billion Domestic currency | +58.3% |
| 2000 | 32.42 billion Domestic currency | -0.4% |
| 2001 | 27.82 billion Domestic currency | -14.2% |
| 2002 | 32.63 billion Domestic currency | +17.3% |
| 2003 | 17.20 billion Domestic currency | -47.3% |
| 2004 | 34.15 billion Domestic currency | +98.6% |
| 2005 | 45.16 billion Domestic currency | +32.2% |
| 2006 | 57.74 billion Domestic currency | +27.9% |
| 2007 | 167.85 billion Domestic currency | +190.7% |
| 2008 | 115.05 billion Domestic currency | -31.5% |
| 2009 | 116.56 billion Domestic currency | +1.3% |
| 2010 | 93.93 billion Domestic currency | -19.4% |
| 2011 | 74.49 billion Domestic currency | -20.7% |
| 2012 | 98.36 billion Domestic currency | +32.0% |
| 2013 | 98.66 billion Domestic currency | +0.3% |
| 2014 | 81.33 billion Domestic currency | -17.6% |
| 2015 | 103.92 billion Domestic currency | +27.8% |
| 2016 | 107.09 billion Domestic currency | +3.0% |
| 2017 | 147.69 billion Domestic currency | +37.9% |
| 2018 | 145.23 billion Domestic currency | -1.7% |
| 2019 | 131.89 billion Domestic currency | -9.2% |
| 2020 | 147.47 billion Domestic currency | +11.8% |
| 2021 | 160.71 billion Domestic currency | +9.0% |
| 2022 | 163.09 billion Domestic currency | +1.5% |
| 2023 | 128.03 billion Domestic currency | -21.5% |
| 2024 | 149.36 billion Domestic currency | +16.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.99 billion Domestic currency | 12.46 billion Domestic currency | 32.54 billion Domestic currency | 6 |
| 2000s | 64.66 billion Domestic currency | 17.20 billion Domestic currency | 167.85 billion Domestic currency | 10 |
| 2010s | 108.26 billion Domestic currency | 74.49 billion Domestic currency | 147.69 billion Domestic currency | 10 |
| 2020s | 149.73 billion Domestic currency | 128.03 billion Domestic currency | 163.09 billion Domestic currency | 5 |
Countries ranked near Iceland
- 57 Guatemala 200.61 billion Domestic currency compare
- 58 Haiti 198.34 billion Domestic currency compare
- 59 Bolivia, Plurinational State of 150.58 billion Domestic currency compare
- 61 Norway 129.35 billion Domestic currency compare
- 62 Cape Verde 104.93 billion Domestic currency compare
- 63 Qatar 89.23 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 national definitions of money, base money in Iceland?
- National definitions of money, base money in Iceland was 149.36 billion Domestic currency in 2024, according to International Monetary Fund.
- What is the highest national definitions of money, base money recorded in Iceland?
- The highest recorded value was 167.85 billion Domestic currency in 2007.
- What is the lowest national definitions of money, base money recorded in Iceland?
- The lowest recorded value was 12.46 billion Domestic currency in 1994.
- How does Iceland rank for national definitions of money, base money?
- Iceland ranks 60th out of 88 countries with data for 2024.
- Is national definitions of money, base money rising or falling in Iceland?
- Over the last ten years it is up 83.6%. 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 National Definitions of Money, Base Money (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.