Net errors and omissions, Net (credits less debits), Adjusted using in Iceland
Iceland: Net errors and omissions, Net (credits less debits), Adjusted using was 1.09 billion in 2024. ◆ Volatile
Net errors and omissions, Net (credits less debits), Adjusted using in Iceland, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, net errors and omissions, net (credits less debits), adjusted using in Iceland stood at 1.09 billion.
That represents a change of up 304.2% on the previous year and up 1,636.8% over ten years.
Over the whole period, net errors and omissions, net (credits less debits), adjusted using in Iceland peaked at 6.16 billion in 2009 and was at its lowest, -9.52 billion, in 2008.
That places Iceland 31st out of 197 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions, Net (credits less debits), Adjusted using in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 346.64 million | — |
| 2006 | -1.79 billion | -616.8% |
| 2007 | -1.17 billion | -34.8% |
| 2008 | -9.52 billion | +714.4% |
| 2009 | 6.16 billion | -164.8% |
| 2010 | 160.40 million | -97.4% |
| 2011 | 1.45 billion | +803.5% |
| 2012 | -484.11 million | -133.4% |
| 2013 | 142.44 million | -129.4% |
| 2014 | -70.90 million | -149.8% |
| 2015 | -242.74 million | +242.4% |
| 2016 | 107.34 million | -144.2% |
| 2017 | -663.88 million | -718.5% |
| 2018 | 375.49 million | -156.6% |
| 2019 | -184.96 million | -149.3% |
| 2020 | 744.59 million | -502.6% |
| 2021 | 552.57 million | -25.8% |
| 2022 | 219.74 million | -60.2% |
| 2023 | -533.54 million | -342.8% |
| 2024 | 1.09 billion | -304.2% |
Iceland compared with similar countries
- Iceland's 1.09 billion is above the median for high income countries, which is -38.17 million. (71 countries reporting)
- Iceland's 1.09 billion is above the median for Europe & Central Asia, which is 92.86 million, 11.7× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.19 billion | -9.52 billion | 6.16 billion | 5 |
| 2010s | 58.83 million | -663.88 million | 1.45 billion | 10 |
| 2020s | 414.59 million | -533.54 million | 1.09 billion | 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 net errors and omissions, net (credits less debits), adjusted using in Iceland?
- Net errors and omissions, net (credits less debits), adjusted using in Iceland was 1.09 billion in 2024, according to International Monetary Fund.
- What is the highest net errors and omissions, net (credits less debits), adjusted using recorded in Iceland?
- The highest recorded value was 6.16 billion in 2009.
- What is the lowest net errors and omissions, net (credits less debits), adjusted using recorded in Iceland?
- The lowest recorded value was -9.52 billion in 2008.
- How does Iceland rank for net errors and omissions, net (credits less debits), adjusted using?
- Iceland ranks 31st out of 197 countries with data for 2024.
- Is net errors and omissions, net (credits less debits), adjusted using rising or falling in Iceland?
- Over the last ten years it is up 1,636.8%. 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 Net errors and omissions, Net (credits less debits), Adjusted using IMF accounting records (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.