Adjusted savings: net national savings in Iceland
Iceland: Adjusted savings: net national savings was -1.2% in 2021. ◆ Volatile
Adjusted savings: net national savings in Iceland, 1976–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Iceland recorded -1.2% for adjusted savings: net national savings in 2021.
That represents a change of down 223.9% on the previous year and up 90.2% over ten years.
Over the whole period, adjusted savings: net national savings in Iceland peaked at 10.8% in 1977 and was at its lowest, -19.6%, in 2009.
That places Iceland 157th out of 177 countries with data for 2021, putting it 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 | % of GNI | Change |
|---|---|---|
| 1976 | 8.5% | — |
| 1977 | 10.8% | +26.6% |
| 1978 | 9.1% | -15.6% |
| 1979 | 7.1% | -22.4% |
| 1980 | 8.0% | +13.1% |
| 1981 | 5.3% | -33.8% |
| 1982 | 1.6% | -69.3% |
| 1983 | -0.6% | -135.4% |
| 1984 | 0.3% | -153.7% |
| 1985 | -1.1% | -456.8% |
| 1986 | 1.9% | -276.5% |
| 1987 | 2.1% | +9.8% |
| 1988 | 1.9% | -12.2% |
| 1989 | 0.7% | -60.3% |
| 1990 | 0.4% | -47.9% |
| 1991 | 1.1% | +175.4% |
| 1992 | 1.2% | +9.9% |
| 1993 | 3.4% | +192.4% |
| 1994 | 4.6% | +33.9% |
| 1995 | 4.6% | +0.6% |
| 1996 | 6.0% | +29.2% |
| 1997 | 7.6% | +27.4% |
| 1998 | 7.0% | -7.4% |
| 1999 | 4.1% | -41.7% |
| 2000 | 1.9% | -54.8% |
| 2001 | 5.5% | +197.0% |
| 2002 | 8.6% | +56.4% |
| 2003 | 4.2% | -50.8% |
| 2004 | 3.2% | -24.6% |
| 2005 | -0.6% | -118.2% |
| 2006 | -3.0% | +423.3% |
| 2007 | 0.1% | -104.2% |
| 2008 | -19.0% | -14813.6% |
| 2009 | -19.6% | +3.2% |
| 2010 | -17.5% | -10.4% |
| 2011 | -12.1% | -30.8% |
| 2012 | -9.9% | -18.8% |
| 2013 | 1.0% | -110.1% |
| 2014 | 2.1% | +110.6% |
| 2015 | 5.3% | +152.5% |
| 2016 | 8.1% | +52.7% |
| 2017 | 6.5% | -19.4% |
| 2018 | 3.4% | -48.8% |
| 2019 | 8.4% | +149.8% |
| 2020 | 1.0% | -88.5% |
| 2021 | -1.2% | -223.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.9% | 7.1% | 10.8% | 4 |
| 1980s | 2.0% | -1.1% | 8.0% | 10 |
| 1990s | 4.0% | 0.4% | 7.6% | 10 |
| 2000s | -1.9% | -19.6% | 8.6% | 10 |
| 2010s | -0.5% | -17.5% | 8.4% | 10 |
| 2020s | -0.1% | -1.2% | 1.0% | 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)
- Exports of goods and services (current LCU), annual growth rate 2.27 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 51.52 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 5.07 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.9908 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.274 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 26,937 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 15.75 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2666 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 -1.2% 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 10.8% in 1977.
- What is the lowest adjusted savings: net national savings recorded in Iceland?
- The lowest recorded value was -19.6% in 2009.
- How does Iceland rank for adjusted savings: net national savings?
- Iceland ranks 157th 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 90.2%. 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 (% of GNI). 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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.