Denmark vs Iceland: Gross savings
Gross savings over time
- Denmark
- Iceland
How they compare
Iceland currently reports 1.14 trillion current LCU against 1.04 trillion current LCU in Denmark, a difference of 102.81 billion current LCU.
That makes Iceland's figure about 1.1 times Denmark's.
The two have swapped places 3 times across 48 shared years of data; in 1976 it was Denmark ahead.
Denmark ranks 62nd and Iceland ranks 61st of 177 countries.
Denmark has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Denmark | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 65.94 billion current LCU | 1.59 billion current LCU | 64.35 billion current LCU | Denmark |
| 1980s | 120.43 billion current LCU | 25.62 billion current LCU | 94.81 billion current LCU | Denmark |
| 1990s | 234.31 billion current LCU | 87.54 billion current LCU | 146.77 billion current LCU | Denmark |
| 2000s | 401.12 billion current LCU | 144.15 billion current LCU | 256.98 billion current LCU | Denmark |
| 2010s | 561.53 billion current LCU | 514.56 billion current LCU | 46.97 billion current LCU | Denmark |
| 2020s | 909.45 billion current LCU | 871.61 billion current LCU | 37.85 billion current LCU | Denmark |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Denmark or Iceland?
- Iceland, at 1.14 trillion current LCU against 1.04 trillion current LCU in Denmark as of 2025.
- What is the difference in gross savings between Denmark and Iceland?
- 102.81 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Denmark and Iceland?
- 48 years are reported by both, from 1976 to 2024.
- How do Denmark and Iceland rank globally for gross savings?
- Denmark ranks 62nd and Iceland ranks 61st of 177 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.