Changes in inventories in Iceland
Iceland: Changes in inventories was -4.34 billion current LCU in 2025. ◆ Volatile
Changes in inventories in Iceland, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for changes in inventories in Iceland is -4.34 billion current LCU, measured in 2025.
Compared with earlier readings it is up 82.3% on the previous year and down 346.4% over ten years.
Over the whole period, changes in inventories in Iceland peaked at 21.60 billion current LCU in 2023 and was at its lowest, -24.47 billion current LCU, in 2024.
That places Iceland 165th out of 186 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Changes in inventories in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | -3.04 million current LCU | — |
| 1971 | 14.46 million current LCU | -575.3% |
| 1972 | -10.84 million current LCU | -174.9% |
| 1973 | -3.43 million current LCU | -68.3% |
| 1974 | 25.83 million current LCU | -852.8% |
| 1975 | 37.87 million current LCU | +46.6% |
| 1976 | -18.82 million current LCU | -149.7% |
| 1977 | 67.35 million current LCU | -457.9% |
| 1978 | -40.69 million current LCU | -160.4% |
| 1979 | 51.22 million current LCU | -225.9% |
| 1980 | 80.00 million current LCU | +56.2% |
| 1981 | 253.00 million current LCU | +216.2% |
| 1982 | 913.00 million current LCU | +260.9% |
| 1983 | -1.07 billion current LCU | -217.2% |
| 1984 | 786.00 million current LCU | -173.5% |
| 1985 | -978.00 million current LCU | -224.4% |
| 1986 | -2.09 billion current LCU | +114.1% |
| 1987 | -416.00 million current LCU | -80.1% |
| 1988 | 1.85 billion current LCU | -544.7% |
| 1989 | -578.00 million current LCU | -131.2% |
| 1990 | -1.80 billion current LCU | +210.7% |
| 1991 | 1.23 billion current LCU | -168.7% |
| 1992 | 121.95 million current LCU | -90.1% |
| 1993 | 2.31 billion current LCU | +1792.1% |
| 1994 | 260.07 million current LCU | -88.7% |
| 1995 | 3.05 billion current LCU | +1073.5% |
| 1996 | 25.31 million current LCU | -99.2% |
| 1997 | 102.00 million current LCU | +302.9% |
| 1998 | 906.00 million current LCU | +788.2% |
| 1999 | 120.00 million current LCU | -86.8% |
| 2000 | 2.67 billion current LCU | +2126.7% |
| 2001 | -2.17 billion current LCU | -181.2% |
| 2002 | -801.55 million current LCU | -63.0% |
| 2003 | -499.61 million current LCU | -37.7% |
| 2004 | -400.38 million current LCU | -19.9% |
| 2005 | 318.58 million current LCU | -179.6% |
| 2006 | 12.10 billion current LCU | +3697.1% |
| 2007 | 8.99 billion current LCU | -25.7% |
| 2008 | 12.22 billion current LCU | +35.8% |
| 2009 | -7.92 billion current LCU | -164.8% |
| 2010 | -1.28 billion current LCU | -83.8% |
| 2011 | 2.12 billion current LCU | -265.5% |
| 2012 | 2.00 billion current LCU | -5.8% |
| 2013 | -8.57 billion current LCU | -529.0% |
| 2014 | 1.39 billion current LCU | -116.2% |
| 2015 | 1.76 billion current LCU | +26.8% |
| 2016 | 3.73 billion current LCU | +111.7% |
| 2017 | 737.35 million current LCU | -80.2% |
| 2018 | 15.52 billion current LCU | +2005.0% |
| 2019 | -12.09 billion current LCU | -177.9% |
| 2020 | 1.19 billion current LCU | -109.9% |
| 2021 | 11.09 billion current LCU | +829.6% |
| 2022 | 19.23 billion current LCU | +73.4% |
| 2023 | 21.60 billion current LCU | +12.3% |
| 2024 | -24.47 billion current LCU | -213.3% |
| 2025 | -4.34 billion current LCU | -82.3% |
Iceland compared with similar countries
- Iceland's -4.34 billion current LCU is below the median for high income countries, which is 300.00 million current LCU. (69 countries reporting)
- Iceland's -4.34 billion current LCU is below the median for Europe & Central Asia, which is 3.35 billion current LCU. (51 countries reporting)
Biggest year-on-year movements
Years where Changes in inventories 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 |
|---|---|---|---|
| 2006 | +3697.1% | 318.58 million current LCU | 12.10 billion current LCU |
| 2000 | +2126.7% | 120.00 million current LCU | 2.67 billion current LCU |
| 2018 | +2005.0% | 737.35 million current LCU | 15.52 billion current LCU |
| 1993 | +1792.1% | 121.95 million current LCU | 2.31 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.99 million current LCU | -40.69 million current LCU | 67.35 million current LCU | 10 |
| 1980s | -125.40 million current LCU | -2.09 billion current LCU | 1.85 billion current LCU | 10 |
| 1990s | 633.18 million current LCU | -1.80 billion current LCU | 3.05 billion current LCU | 10 |
| 2000s | 2.45 billion current LCU | -7.92 billion current LCU | 12.22 billion current LCU | 10 |
| 2010s | 531.72 million current LCU | -12.09 billion current LCU | 15.52 billion current LCU | 10 |
| 2020s | 4.05 billion current LCU | -24.47 billion current LCU | 21.60 billion current LCU | 6 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is changes in inventories in Iceland?
- Changes in inventories in Iceland was -4.34 billion current LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest changes in inventories recorded in Iceland?
- The highest recorded value was 21.60 billion current LCU in 2023.
- What is the lowest changes in inventories recorded in Iceland?
- The lowest recorded value was -24.47 billion current LCU in 2024.
- How does Iceland rank for changes in inventories?
- Iceland ranks 165th out of 186 countries with data for 2025.
- Is changes in inventories rising or falling in Iceland?
- Over the last ten years it is down 346.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Changes in inventories (current LCU). Statizoid updates them automatically from the source API.
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About this data
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.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.