Adjusted savings: net national savings (current US$) in Iceland
Iceland: Adjusted savings: net national savings (current US$) was -291.31 million current US$ in 2021. ◆ Volatile
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$, in 2008.
Iceland ranks 161st of 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: net national savings (current US$) 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% |
Iceland compared with similar countries
- Iceland's -291.31 million current US$ is below the median for high income countries, which is 9.98 billion current US$. (61 countries reporting)
- Iceland's -291.31 million current US$ is below the median for Europe & Central Asia, which is 9.26 billion current US$. (48 countries reporting)
Biggest year-on-year movements
Years where Adjusted savings: net national savings (current US$) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | -10322.4% | 26.12 million current US$ | -2.67 billion current US$ |
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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units 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 161st out of 177 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.
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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.