Policy Formulation (PO) in Iceland
Iceland: Policy Formulation (PO) was 108.69 in 2018. ▲ Rising
Policy Formulation (PO) in Iceland, 2007–2018
Source: International Monetary Fund.
Analysis
Iceland recorded 108.69 for policy formulation (po) in 2018. That is the highest value across all 12 years on record.
The figure is up 8.7% over ten years.
Over the whole period, policy formulation (po) in Iceland peaked at 108.69 in 2016 and was at its lowest, 100, in 2007.
Iceland ranks 19th of 47 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Policy Formulation (PO) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 100 | — |
| 2008 | 100 | +0.0% |
| 2009 | 100 | +0.0% |
| 2010 | 100 | +0.0% |
| 2011 | 100 | +0.0% |
| 2012 | 100 | +0.0% |
| 2013 | 100 | +0.0% |
| 2014 | 100 | +0.0% |
| 2015 | 100 | +0.0% |
| 2016 | 108.69 | +8.7% |
| 2017 | 108.69 | +0.0% |
| 2018 | 108.69 | +0.0% |
Iceland compared with similar countries
- Iceland's 108.69 is above the median for high income countries, which is 100, 1.1× the median. (17 countries reporting)
- Iceland's 108.69 is above the median for Europe & Central Asia, which is 100, 1.1× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 100 | 100 | 100 | 3 |
| 2010s | 102.9 | 100 | 108.69 | 9 |
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 policy formulation (po) in Iceland?
- Policy formulation (po) in Iceland was 108.69 in 2018, according to International Monetary Fund.
- What is the highest policy formulation (po) recorded in Iceland?
- The highest recorded value was 108.69 in 2016.
- What is the lowest policy formulation (po) recorded in Iceland?
- The lowest recorded value was 100 in 2007.
- How does Iceland rank for policy formulation (po)?
- Iceland ranks 19th out of 47 countries with data for 2018.
- Is policy formulation (po) rising or falling in Iceland?
- Over the last ten years it is up 8.7%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Policy Formulation (PO) (Index). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
Monetary policy framework comprises the structures in place that enable and guide the conduct of monetary policy. In this project, we provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). This database covers 50 advanced economies, emerging markets, and low-income developing countries, from 2007 to 2018 (being extended).