Real effective exchange rate index (2010 = 100) in Iceland
Iceland: Real effective exchange rate index (2010 = 100) was 146.32 2010 = 100 in 2025. ▼ Falling
Real effective exchange rate index in Iceland, 1979–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in 2010 = 100.
Analysis
The most recent figure for real effective exchange rate index in Iceland is 146.32 2010 = 100, measured in 2025.
Compared with earlier readings it is up 6.0% on the previous year and up 28.6% over ten years.
Over the whole period, real effective exchange rate index in Iceland peaked at 156.98 2010 = 100 in 2005 and was at its lowest, 96.68 2010 = 100, in 2009.
That places Iceland 6th out of 95 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently falling across the 47 years of available data.
Real effective exchange rate index (2010 = 100) in Iceland, year by year
| Year | 2010 = 100 | Change |
|---|---|---|
| 1979 | 139.6 2010 = 100 | — |
| 1980 | 146.77 2010 = 100 | +5.1% |
| 1981 | 153.05 2010 = 100 | +4.3% |
| 1982 | 140.37 2010 = 100 | -8.3% |
| 1983 | 129.86 2010 = 100 | -7.5% |
| 1984 | 138.49 2010 = 100 | +6.7% |
| 1985 | 137.24 2010 = 100 | -0.9% |
| 1986 | 136.9 2010 = 100 | -0.2% |
| 1987 | 148.03 2010 = 100 | +8.1% |
| 1988 | 155.73 2010 = 100 | +5.2% |
| 1989 | 142.4 2010 = 100 | -8.6% |
| 1990 | 141.06 2010 = 100 | -0.9% |
| 1991 | 144.02 2010 = 100 | +2.1% |
| 1992 | 144.39 2010 = 100 | +0.3% |
| 1993 | 133.53 2010 = 100 | -7.5% |
| 1994 | 125.53 2010 = 100 | -6.0% |
| 1995 | 125.22 2010 = 100 | -0.2% |
| 1996 | 125.4 2010 = 100 | +0.1% |
| 1997 | 127.62 2010 = 100 | +1.8% |
| 1998 | 131.95 2010 = 100 | +3.4% |
| 1999 | 133.49 2010 = 100 | +1.2% |
| 2000 | 137.25 2010 = 100 | +2.8% |
| 2001 | 120.24 2010 = 100 | -12.4% |
| 2002 | 127.71 2010 = 100 | +6.2% |
| 2003 | 135.96 2010 = 100 | +6.5% |
| 2004 | 140.06 2010 = 100 | +3.0% |
| 2005 | 156.98 2010 = 100 | +12.1% |
| 2006 | 145.74 2010 = 100 | -7.2% |
| 2007 | 153.63 2010 = 100 | +5.4% |
| 2008 | 120.23 2010 = 100 | -21.7% |
| 2009 | 96.68 2010 = 100 | -19.6% |
| 2010 | 100 2010 = 100 | +3.4% |
| 2011 | 100.92 2010 = 100 | +0.9% |
| 2012 | 99.83 2010 = 100 | -1.1% |
| 2013 | 104.01 2010 = 100 | +4.2% |
| 2014 | 111.11 2010 = 100 | +6.8% |
| 2015 | 113.75 2010 = 100 | +2.4% |
| 2016 | 128.23 2010 = 100 | +12.7% |
| 2017 | 143.69 2010 = 100 | +12.1% |
| 2018 | 139.72 2010 = 100 | -2.8% |
| 2019 | 130.35 2010 = 100 | -6.7% |
| 2020 | 120.17 2010 = 100 | -7.8% |
| 2021 | 125.33 2010 = 100 | +4.3% |
| 2022 | 130.93 2010 = 100 | +4.5% |
| 2023 | 133.46 2010 = 100 | +1.9% |
| 2024 | 138.04 2010 = 100 | +3.4% |
| 2025 | 146.32 2010 = 100 | +6.0% |
Iceland compared with similar countries
- Iceland's 146.32 2010 = 100 is above the median for high income countries, which is 101.67 2010 = 100, 1.4× the median. (48 countries reporting)
- Iceland's 146.32 2010 = 100 is above the median for Europe & Central Asia, which is 99.87 2010 = 100, 1.5× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 139.6 2010 = 100 | 139.6 2010 = 100 | 139.6 2010 = 100 | 1 |
| 1980s | 142.88 2010 = 100 | 129.86 2010 = 100 | 155.73 2010 = 100 | 10 |
| 1990s | 133.22 2010 = 100 | 125.22 2010 = 100 | 144.39 2010 = 100 | 10 |
| 2000s | 133.45 2010 = 100 | 96.68 2010 = 100 | 156.98 2010 = 100 | 10 |
| 2010s | 117.16 2010 = 100 | 99.83 2010 = 100 | 143.69 2010 = 100 | 10 |
| 2020s | 132.38 2010 = 100 | 120.17 2010 = 100 | 146.32 2010 = 100 | 6 |
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 real effective exchange rate index in Iceland?
- Real effective exchange rate index in Iceland was 146.32 2010 = 100 in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real effective exchange rate index recorded in Iceland?
- The highest recorded value was 156.98 2010 = 100 in 2005.
- What is the lowest real effective exchange rate index recorded in Iceland?
- The lowest recorded value was 96.68 2010 = 100 in 2009.
- How does Iceland rank for real effective exchange rate index?
- Iceland ranks 6th out of 95 countries with data for 2025.
- Is real effective exchange rate index rising or falling in Iceland?
- Over the last ten years it is up 28.6%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Real effective exchange rate index (2010 = 100). Statizoid updates them automatically from the source API.
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CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs. This indicator is an index series where 2010=100.