Gross domestic savings (current LCU) in Iceland
Iceland: Gross domestic savings (current LCU) was 1.20 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
1.20 trillion current LCU
Change on year
up 5.4%
World rank
59th
of 188 countries
All-time high
1.20 trillion current LCU
in 2025
All-time low
134.34 million current LCU
in 1970
Years of data
56
1970–2025
Gross domestic savings in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, gross domestic savings in Iceland stood at 1.20 trillion current LCU. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 5.4% on the previous year and up 91.3% over ten years.
Over the whole period, gross domestic savings in Iceland peaked at 1.20 trillion current LCU in 2025 and was at its lowest, 134.34 million current LCU, in 1970.
Iceland ranks 59th of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (current LCU) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 134.34 million current LCU | — |
| 1971 | 170.38 million current LCU | +26.8% |
| 1972 | 211.87 million current LCU | +24.4% |
| 1973 | 335.87 million current LCU | +58.5% |
| 1974 | 427.23 million current LCU | +27.2% |
| 1975 | 621.38 million current LCU | +45.4% |
| 1976 | 944.97 million current LCU | +52.1% |
| 1977 | 1.37 billion current LCU | +44.6% |
| 1978 | 2.02 billion current LCU | +48.1% |
| 1979 | 2.83 billion current LCU | +39.8% |
| 1980 | 4.69 billion current LCU | +65.8% |
| 1981 | 6.85 billion current LCU | +46.0% |
| 1982 | 9.94 billion current LCU | +45.1% |
| 1983 | 17.15 billion current LCU | +72.5% |
| 1984 | 22.61 billion current LCU | +31.8% |
| 1985 | 28.07 billion current LCU | +24.2% |
| 1986 | 39.42 billion current LCU | +40.4% |
| 1987 | 45.59 billion current LCU | +15.7% |
| 1988 | 56.83 billion current LCU | +24.7% |
| 1989 | 73.70 billion current LCU | +29.7% |
| 1990 | 82.88 billion current LCU | +12.5% |
| 1991 | 83.41 billion current LCU | +0.6% |
| 1992 | 80.16 billion current LCU | -3.9% |
| 1993 | 91.50 billion current LCU | +14.2% |
| 1994 | 102.22 billion current LCU | +11.7% |
| 1995 | 99.73 billion current LCU | -2.4% |
| 1996 | 104.95 billion current LCU | +5.2% |
| 1997 | 119.35 billion current LCU | +13.7% |
| 1998 | 129.83 billion current LCU | +8.8% |
| 1999 | 123.80 billion current LCU | -4.6% |
| 2000 | 128.09 billion current LCU | +3.5% |
| 2001 | 176.88 billion current LCU | +38.1% |
| 2002 | 182.04 billion current LCU | +2.9% |
| 2003 | 161.50 billion current LCU | -11.3% |
| 2004 | 186.62 billion current LCU | +15.6% |
| 2005 | 190.04 billion current LCU | +1.8% |
| 2006 | 241.12 billion current LCU | +26.9% |
| 2007 | 292.39 billion current LCU | +21.3% |
| 2008 | 382.28 billion current LCU | +30.7% |
| 2009 | 372.28 billion current LCU | -2.6% |
| 2010 | 402.37 billion current LCU | +8.1% |
| 2011 | 412.26 billion current LCU | +2.5% |
| 2012 | 407.97 billion current LCU | -1.0% |
| 2013 | 455.72 billion current LCU | +11.7% |
| 2014 | 497.74 billion current LCU | +9.2% |
| 2015 | 629.85 billion current LCU | +26.5% |
| 2016 | 714.06 billion current LCU | +13.4% |
| 2017 | 711.10 billion current LCU | -0.4% |
| 2018 | 757.08 billion current LCU | +6.5% |
| 2019 | 791.55 billion current LCU | +4.6% |
| 2020 | 616.75 billion current LCU | -22.1% |
| 2021 | 710.21 billion current LCU | +15.2% |
| 2022 | 973.99 billion current LCU | +37.1% |
| 2023 | 1.14 trillion current LCU | +17.3% |
| 2024 | 1.14 trillion current LCU | +0.1% |
| 2025 | 1.20 trillion current LCU | +5.4% |
Iceland compared with similar countries
- Iceland's 1.20 trillion current LCU is above the median for high income countries, which is 134.59 billion current LCU, 9.0× the median. (67 countries reporting)
- Iceland's 1.20 trillion current LCU is above the median for Europe & Central Asia, which is 106.87 billion current LCU, 11.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 906.56 million current LCU | 134.34 million current LCU | 2.83 billion current LCU | 10 |
| 1980s | 30.48 billion current LCU | 4.69 billion current LCU | 73.70 billion current LCU | 10 |
| 1990s | 101.78 billion current LCU | 80.16 billion current LCU | 129.83 billion current LCU | 10 |
| 2000s | 231.32 billion current LCU | 128.09 billion current LCU | 382.28 billion current LCU | 10 |
| 2010s | 577.97 billion current LCU | 402.37 billion current LCU | 791.55 billion current LCU | 10 |
| 2020s | 965.38 billion current LCU | 616.75 billion current LCU | 1.20 trillion current LCU | 6 |
Countries ranked near Iceland
- 56 Venezuela 1.77 trillion current LCU compare
- 57 Dominican Republic 1.62 trillion current LCU compare
- 58 Saudi Arabia 1.59 trillion current LCU compare
- 60 South Africa 1.17 trillion current LCU compare
- 61 Germany 1.09 trillion current LCU compare
- 62 Equatorial Guinea 1.08 trillion current LCU compare
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 gross domestic savings in Iceland?
- Gross domestic savings in Iceland was 1.20 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Iceland?
- The highest recorded value was 1.20 trillion current LCU in 2025.
- What is the lowest gross domestic savings recorded in Iceland?
- The lowest recorded value was 134.34 million current LCU in 1970.
- How does Iceland rank for gross domestic savings?
- Iceland ranks 59th out of 188 countries with data for 2025.
- Is gross domestic savings rising or falling in Iceland?
- Over the last ten years it is up 91.3%. 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 Organizations and/or Central Banks, published as part of Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.