DEC alternative conversion factor in Iceland
Iceland: DEC alternative conversion factor was 128.44 LCU per US$ in 2025. ◆ Volatile
DEC alternative conversion factor in Iceland, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$.
Analysis
In 2025, dec alternative conversion factor in Iceland stood at 128.44 LCU per US$.
That represents a change of down 6.9% on the previous year and down 2.6% over ten years.
Over the whole period, dec alternative conversion factor in Iceland peaked at 137.96 LCU per US$ in 2024 and was at its lowest, 0.3619 LCU per US$, in 1960.
That places Iceland 61st out of 215 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
DEC alternative conversion factor in Iceland, year by year
| Year | LCU per US$ | Change |
|---|---|---|
| 1960 | 0.3619 LCU per US$ | — |
| 1961 | 0.4008 LCU per US$ | +10.8% |
| 1962 | 0.43 LCU per US$ | +7.3% |
| 1963 | 0.43 LCU per US$ | +0.0% |
| 1964 | 0.43 LCU per US$ | +0.0% |
| 1965 | 0.43 LCU per US$ | +0.0% |
| 1966 | 0.43 LCU per US$ | +0.0% |
| 1967 | 0.4417 LCU per US$ | +2.7% |
| 1968 | 0.6217 LCU per US$ | +40.8% |
| 1969 | 0.88 LCU per US$ | +41.6% |
| 1970 | 0.88 LCU per US$ | +0.0% |
| 1971 | 0.88 LCU per US$ | +0.0% |
| 1972 | 0.8826 LCU per US$ | +0.3% |
| 1973 | 0.9013 LCU per US$ | +2.1% |
| 1974 | 0.9995 LCU per US$ | +10.9% |
| 1975 | 1.54 LCU per US$ | +53.8% |
| 1976 | 1.82 LCU per US$ | +18.5% |
| 1977 | 1.99 LCU per US$ | +9.2% |
| 1978 | 2.71 LCU per US$ | +36.3% |
| 1979 | 3.53 LCU per US$ | +30.1% |
| 1980 | 4.8 LCU per US$ | +36.1% |
| 1981 | 7.22 LCU per US$ | +50.6% |
| 1982 | 12.35 LCU per US$ | +71.0% |
| 1983 | 24.84 LCU per US$ | +101.1% |
| 1984 | 31.69 LCU per US$ | +27.6% |
| 1985 | 41.51 LCU per US$ | +31.0% |
| 1986 | 41.1 LCU per US$ | -1.0% |
| 1987 | 38.68 LCU per US$ | -5.9% |
| 1988 | 43.01 LCU per US$ | +11.2% |
| 1989 | 57.04 LCU per US$ | +32.6% |
| 1990 | 58.28 LCU per US$ | +2.2% |
| 1991 | 59 LCU per US$ | +1.2% |
| 1992 | 57.55 LCU per US$ | -2.5% |
| 1993 | 67.6 LCU per US$ | +17.5% |
| 1994 | 69.94 LCU per US$ | +3.5% |
| 1995 | 64.69 LCU per US$ | -7.5% |
| 1996 | 66.5 LCU per US$ | +2.8% |
| 1997 | 70.9 LCU per US$ | +6.6% |
| 1998 | 70.96 LCU per US$ | +0.1% |
| 1999 | 72.34 LCU per US$ | +1.9% |
| 2000 | 78.62 LCU per US$ | +8.7% |
| 2001 | 97.42 LCU per US$ | +23.9% |
| 2002 | 91.66 LCU per US$ | -5.9% |
| 2003 | 76.71 LCU per US$ | -16.3% |
| 2004 | 70.19 LCU per US$ | -8.5% |
| 2005 | 62.98 LCU per US$ | -10.3% |
| 2006 | 70.18 LCU per US$ | +11.4% |
| 2007 | 64.06 LCU per US$ | -8.7% |
| 2008 | 87.95 LCU per US$ | +37.3% |
| 2009 | 123.64 LCU per US$ | +40.6% |
| 2010 | 122.24 LCU per US$ | -1.1% |
| 2011 | 115.95 LCU per US$ | -5.1% |
| 2012 | 125.08 LCU per US$ | +7.9% |
| 2013 | 122.18 LCU per US$ | -2.3% |
| 2014 | 116.77 LCU per US$ | -4.4% |
| 2015 | 131.92 LCU per US$ | +13.0% |
| 2016 | 120.81 LCU per US$ | -8.4% |
| 2017 | 106.84 LCU per US$ | -11.6% |
| 2018 | 108.3 LCU per US$ | +1.4% |
| 2019 | 122.61 LCU per US$ | +13.2% |
| 2020 | 135.42 LCU per US$ | +10.5% |
| 2021 | 126.99 LCU per US$ | -6.2% |
| 2022 | 135.28 LCU per US$ | +6.5% |
| 2023 | 137.94 LCU per US$ | +2.0% |
| 2024 | 137.96 LCU per US$ | +0.0% |
| 2025 | 128.44 LCU per US$ | -6.9% |
Iceland compared with similar countries
- Iceland's 128.44 LCU per US$ is above the median for high income countries, which is 1 LCU per US$, 128.4× the median. (83 countries reporting)
- Iceland's 128.44 LCU per US$ is above the median for Europe & Central Asia, which is 0.8861 LCU per US$, 145.0× the median. (56 countries reporting)
Biggest year-on-year movements
Years where DEC alternative conversion factor in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +101.1% | 12.35 LCU per US$ | 24.84 LCU per US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.4856 LCU per US$ | 0.3619 LCU per US$ | 0.88 LCU per US$ | 10 |
| 1970s | 1.61 LCU per US$ | 0.88 LCU per US$ | 3.53 LCU per US$ | 10 |
| 1980s | 30.23 LCU per US$ | 4.8 LCU per US$ | 57.04 LCU per US$ | 10 |
| 1990s | 65.78 LCU per US$ | 57.55 LCU per US$ | 72.34 LCU per US$ | 10 |
| 2000s | 82.34 LCU per US$ | 62.98 LCU per US$ | 123.64 LCU per US$ | 10 |
| 2010s | 119.27 LCU per US$ | 106.84 LCU per US$ | 131.92 LCU per US$ | 10 |
| 2020s | 133.67 LCU per US$ | 126.99 LCU per US$ | 137.96 LCU per US$ | 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is dec alternative conversion factor in Iceland?
- Dec alternative conversion factor in Iceland was 128.44 LCU per US$ in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest dec alternative conversion factor recorded in Iceland?
- The highest recorded value was 137.96 LCU per US$ in 2024.
- What is the lowest dec alternative conversion factor recorded in Iceland?
- The lowest recorded value was 0.3619 LCU per US$ in 1960.
- How does Iceland rank for dec alternative conversion factor?
- Iceland ranks 61st out of 215 countries with data for 2025.
- Is dec alternative conversion factor rising or falling in Iceland?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of DEC alternative conversion factor (LCU per US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The DEC alternative conversion factor is the underlying annual exchange rate (the price of one country’s currency in relation to another country's currency) used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics. Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.