Adjusted savings: gross savings in Iceland
Iceland: Adjusted savings: gross savings was 3.89 billion current US$ in 2021. ◆ Volatile
Latest (2021)
3.89 billion current US$
Change on year
up 5.7%
World rank
106th
of 177 countries
All-time high
5.97 billion current US$
in 2019
All-time low
281.66 million current US$
in 2008
Years of data
46
1976–2021
Adjusted savings: gross savings in Iceland, 1976–2021
Source: World Bank national accounts data files. Measured in current US$.
Analysis
Iceland recorded 3.89 billion current US$ for adjusted savings: gross savings in 2021.
That represents a change of up 5.7% on the previous year and up 270.9% over ten years.
Over the whole period, adjusted savings: gross savings in Iceland peaked at 5.97 billion current US$ in 2019 and was at its lowest, 281.66 million current US$, in 2008.
Iceland ranks 106th of 177 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: gross savings in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 501.40 million current US$ | — |
| 1977 | 673.90 million current US$ | +34.4% |
| 1978 | 723.84 million current US$ | +7.4% |
| 1979 | 776.36 million current US$ | +7.3% |
| 1980 | 941.24 million current US$ | +21.2% |
| 1981 | 887.56 million current US$ | -5.7% |
| 1982 | 733.16 million current US$ | -17.4% |
| 1983 | 608.67 million current US$ | -17.0% |
| 1984 | 613.19 million current US$ | +0.7% |
| 1985 | 592.49 million current US$ | -3.4% |
| 1986 | 873.73 million current US$ | +47.5% |
| 1987 | 1.12 billion current US$ | +28.4% |
| 1988 | 1.23 billion current US$ | +9.7% |
| 1989 | 1.14 billion current US$ | -7.6% |
| 1990 | 1.28 billion current US$ | +12.4% |
| 1991 | 1.31 billion current US$ | +2.5% |
| 1992 | 1.32 billion current US$ | +0.9% |
| 1993 | 1.27 billion current US$ | -3.5% |
| 1994 | 1.33 billion current US$ | +4.2% |
| 1995 | 1.42 billion current US$ | +7.0% |
| 1996 | 1.50 billion current US$ | +5.6% |
| 1997 | 1.56 billion current US$ | +4.0% |
| 1998 | 1.64 billion current US$ | +5.3% |
| 1999 | 1.52 billion current US$ | -7.8% |
| 2000 | 1.28 billion current US$ | -15.7% |
| 2001 | 1.52 billion current US$ | +18.9% |
| 2002 | 2.01 billion current US$ | +32.6% |
| 2003 | 1.98 billion current US$ | -1.8% |
| 2004 | 2.16 billion current US$ | +9.3% |
| 2005 | 2.05 billion current US$ | -5.1% |
| 2006 | 1.90 billion current US$ | -7.2% |
| 2007 | 3.07 billion current US$ | +61.0% |
| 2008 | 281.66 million current US$ | -90.8% |
| 2009 | 400.91 million current US$ | +42.3% |
| 2010 | 539.34 million current US$ | +34.5% |
| 2011 | 1.05 billion current US$ | +94.7% |
| 2012 | 1.26 billion current US$ | +19.7% |
| 2013 | 2.78 billion current US$ | +121.2% |
| 2014 | 3.12 billion current US$ | +12.2% |
| 2015 | 3.44 billion current US$ | +10.3% |
| 2016 | 4.69 billion current US$ | +36.4% |
| 2017 | 5.54 billion current US$ | +18.0% |
| 2018 | 5.15 billion current US$ | -6.9% |
| 2019 | 5.97 billion current US$ | +15.9% |
| 2020 | 3.68 billion current US$ | -38.3% |
| 2021 | 3.89 billion current US$ | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 668.88 million current US$ | 501.40 million current US$ | 776.36 million current US$ | 4 |
| 1980s | 873.90 million current US$ | 592.49 million current US$ | 1.23 billion current US$ | 10 |
| 1990s | 1.42 billion current US$ | 1.27 billion current US$ | 1.64 billion current US$ | 10 |
| 2000s | 1.67 billion current US$ | 281.66 million current US$ | 3.07 billion current US$ | 10 |
| 2010s | 3.35 billion current US$ | 539.34 million current US$ | 5.97 billion current US$ | 10 |
| 2020s | 3.79 billion current US$ | 3.68 billion current US$ | 3.89 billion current US$ | 2 |
Countries ranked near Iceland
- 103 El Salvador 4.92 billion current US$ compare
- 104 Bosnia and Herzegovina 4.82 billion current US$ compare
- 105 North Macedonia 4.03 billion current US$ compare
- 107 Botswana 3.85 billion current US$ compare
- 108 Mauritania 3.84 billion current US$ compare
- 109 Jordan 3.79 billion current US$ compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Net primary income (Net income from abroad) (current LCU), annual 7.13 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate -1.47 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 12.93 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 1.27 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0058 (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Iceland?
- Adjusted savings: gross savings in Iceland was 3.89 billion current US$ in 2021, according to World Bank national accounts data files.
- What is the highest adjusted savings: gross savings recorded in Iceland?
- The highest recorded value was 5.97 billion current US$ in 2019.
- What is the lowest adjusted savings: gross savings recorded in Iceland?
- The lowest recorded value was 281.66 million current US$ in 2008.
- How does Iceland rank for adjusted savings: gross savings?
- Iceland ranks 106th out of 177 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Iceland?
- Over the last ten years it is up 270.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from World Bank national accounts data files, published as part of Adjusted savings: gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.