Adjusted savings: net national savings in Iceland
Iceland: Adjusted savings: net national savings was -291.31 million current US$ in 2021. ◆ Volatile
Latest (2021)
-291.31 million current US$
Change on year
down 243.4%
World rank
160th
of 176 countries
All-time high
2.06 billion current US$
in 2019
All-time low
-2.67 billion current US$
in 2008
Years of data
46
1976–2021
Adjusted savings: net national savings in Iceland, 1976–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Iceland recorded -291.31 million current US$ for adjusted savings: net national savings in 2021.
Compared with earlier readings it is down 243.4% on the previous year and up 81.3% over ten years.
Over the whole period, adjusted savings: net national savings in Iceland peaked at 2.06 billion current US$ in 2019 and was at its lowest, -2.67 billion current US$, in 2008.
Iceland ranks 160th of 176 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: net national savings in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 141.14 million current US$ | — |
| 1977 | 237.40 million current US$ | +68.2% |
| 1978 | 227.07 million current US$ | -4.4% |
| 1979 | 200.05 million current US$ | -11.9% |
| 1980 | 267.94 million current US$ | +33.9% |
| 1981 | 182.03 million current US$ | -32.1% |
| 1982 | 50.94 million current US$ | -72.0% |
| 1983 | -15.43 million current US$ | -130.3% |
| 1984 | 8.54 million current US$ | -155.3% |
| 1985 | -31.90 million current US$ | -473.8% |
| 1986 | 75.81 million current US$ | -337.6% |
| 1987 | 116.40 million current US$ | +53.5% |
| 1988 | 112.84 million current US$ | -3.1% |
| 1989 | 41.19 million current US$ | -63.5% |
| 1990 | 24.51 million current US$ | -40.5% |
| 1991 | 72.62 million current US$ | +196.3% |
| 1992 | 82.09 million current US$ | +13.0% |
| 1993 | 210.38 million current US$ | +156.3% |
| 1994 | 287.40 million current US$ | +36.6% |
| 1995 | 323.13 million current US$ | +12.4% |
| 1996 | 438.50 million current US$ | +35.7% |
| 1997 | 565.65 million current US$ | +29.0% |
| 1998 | 585.91 million current US$ | +3.6% |
| 1999 | 361.08 million current US$ | -38.4% |
| 2000 | 160.91 million current US$ | -55.4% |
| 2001 | 437.66 million current US$ | +172.0% |
| 2002 | 803.02 million current US$ | +83.5% |
| 2003 | 479.92 million current US$ | -40.2% |
| 2004 | 425.48 million current US$ | -11.3% |
| 2005 | -93.18 million current US$ | -121.9% |
| 2006 | -486.69 million current US$ | +422.3% |
| 2007 | 26.12 million current US$ | -105.4% |
| 2008 | -2.67 billion current US$ | -10322.4% |
| 2009 | -2.07 billion current US$ | -22.6% |
| 2010 | -1.95 billion current US$ | -5.6% |
| 2011 | -1.56 billion current US$ | -20.1% |
| 2012 | -1.27 billion current US$ | -18.5% |
| 2013 | 152.94 million current US$ | -112.0% |
| 2014 | 356.02 million current US$ | +132.8% |
| 2015 | 880.23 million current US$ | +147.2% |
| 2016 | 1.61 billion current US$ | +82.9% |
| 2017 | 1.57 billion current US$ | -2.6% |
| 2018 | 835.08 million current US$ | -46.8% |
| 2019 | 2.06 billion current US$ | +146.9% |
| 2020 | 203.21 million current US$ | -90.1% |
| 2021 | -291.31 million current US$ | -243.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 201.42 million current US$ | 141.14 million current US$ | 237.40 million current US$ | 4 |
| 1980s | 80.83 million current US$ | -31.90 million current US$ | 267.94 million current US$ | 10 |
| 1990s | 295.13 million current US$ | 24.51 million current US$ | 585.91 million current US$ | 10 |
| 2000s | -298.28 million current US$ | -2.67 billion current US$ | 803.02 million current US$ | 10 |
| 2010s | 268.66 million current US$ | -1.95 billion current US$ | 2.06 billion current US$ | 10 |
| 2020s | -44.05 million current US$ | -291.31 million current US$ | 203.21 million current US$ | 2 |
Countries ranked near Iceland
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)
- GDP (constant 2015 US$), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5991 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 58,910 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 92.99 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 9.14 million constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Iceland?
- Adjusted savings: net national savings in Iceland was -291.31 million current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Iceland?
- The highest recorded value was 2.06 billion current US$ in 2019.
- What is the lowest adjusted savings: net national savings recorded in Iceland?
- The lowest recorded value was -2.67 billion current US$ in 2008.
- How does Iceland rank for adjusted savings: net national savings?
- Iceland ranks 160th out of 176 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Iceland?
- Over the last ten years it is up 81.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.