Gross domestic savings in Iceland
Iceland: Gross domestic savings was 9.38 billion current US$ in 2025. ◆ Volatile
Latest (2025)
9.38 billion current US$
Change on year
up 13.2%
World rank
97th
of 187 countries
All-time high
9.38 billion current US$
in 2025
All-time low
152.66 million current US$
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 US$.
Analysis
The most recent figure for gross domestic savings in Iceland is 9.38 billion current US$, measured in 2025. That is the highest value across all 56 years on record.
The figure is up 13.2% on the previous year and up 96.5% over ten years.
Over the whole period, gross domestic savings in Iceland peaked at 9.38 billion current US$ in 2025 and was at its lowest, 152.66 million current US$, in 1970.
That places Iceland 97th out of 187 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 152.66 million current US$ | — |
| 1971 | 193.62 million current US$ | +26.8% |
| 1972 | 240.05 million current US$ | +24.0% |
| 1973 | 372.65 million current US$ | +55.2% |
| 1974 | 427.45 million current US$ | +14.7% |
| 1975 | 404.28 million current US$ | -5.4% |
| 1976 | 518.73 million current US$ | +28.3% |
| 1977 | 686.95 million current US$ | +32.4% |
| 1978 | 746.44 million current US$ | +8.7% |
| 1979 | 802.53 million current US$ | +7.5% |
| 1980 | 977.88 million current US$ | +21.9% |
| 1981 | 948.08 million current US$ | -3.0% |
| 1982 | 804.85 million current US$ | -15.1% |
| 1983 | 690.25 million current US$ | -14.2% |
| 1984 | 713.26 million current US$ | +3.3% |
| 1985 | 676.29 million current US$ | -5.2% |
| 1986 | 958.91 million current US$ | +41.8% |
| 1987 | 1.18 billion current US$ | +22.9% |
| 1988 | 1.32 billion current US$ | +12.1% |
| 1989 | 1.29 billion current US$ | -2.2% |
| 1990 | 1.42 billion current US$ | +10.1% |
| 1991 | 1.41 billion current US$ | -0.6% |
| 1992 | 1.39 billion current US$ | -1.5% |
| 1993 | 1.35 billion current US$ | -2.8% |
| 1994 | 1.46 billion current US$ | +8.0% |
| 1995 | 1.54 billion current US$ | +5.5% |
| 1996 | 1.58 billion current US$ | +2.4% |
| 1997 | 1.68 billion current US$ | +6.7% |
| 1998 | 1.83 billion current US$ | +8.7% |
| 1999 | 1.71 billion current US$ | -6.5% |
| 2000 | 1.63 billion current US$ | -4.8% |
| 2001 | 1.82 billion current US$ | +11.4% |
| 2002 | 1.99 billion current US$ | +9.4% |
| 2003 | 2.11 billion current US$ | +6.0% |
| 2004 | 2.66 billion current US$ | +26.3% |
| 2005 | 3.02 billion current US$ | +13.5% |
| 2006 | 3.44 billion current US$ | +13.9% |
| 2007 | 4.56 billion current US$ | +32.9% |
| 2008 | 4.35 billion current US$ | -4.8% |
| 2009 | 3.01 billion current US$ | -30.7% |
| 2010 | 3.29 billion current US$ | +9.3% |
| 2011 | 3.56 billion current US$ | +8.0% |
| 2012 | 3.26 billion current US$ | -8.3% |
| 2013 | 3.73 billion current US$ | +14.4% |
| 2014 | 4.26 billion current US$ | +14.3% |
| 2015 | 4.77 billion current US$ | +12.0% |
| 2016 | 5.91 billion current US$ | +23.8% |
| 2017 | 6.66 billion current US$ | +12.6% |
| 2018 | 6.99 billion current US$ | +5.0% |
| 2019 | 6.46 billion current US$ | -7.6% |
| 2020 | 4.55 billion current US$ | -29.5% |
| 2021 | 5.59 billion current US$ | +22.8% |
| 2022 | 7.20 billion current US$ | +28.7% |
| 2023 | 8.29 billion current US$ | +15.1% |
| 2024 | 8.29 billion current US$ | +0.0% |
| 2025 | 9.38 billion current US$ | +13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 454.54 million current US$ | 152.66 million current US$ | 802.53 million current US$ | 10 |
| 1980s | 956.16 million current US$ | 676.29 million current US$ | 1.32 billion current US$ | 10 |
| 1990s | 1.54 billion current US$ | 1.35 billion current US$ | 1.83 billion current US$ | 10 |
| 2000s | 2.86 billion current US$ | 1.63 billion current US$ | 4.56 billion current US$ | 10 |
| 2010s | 4.89 billion current US$ | 3.26 billion current US$ | 6.99 billion current US$ | 10 |
| 2020s | 7.22 billion current US$ | 4.55 billion current US$ | 9.38 billion current 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)
- GNI, Atlas method (current US$), annual growth rate 11.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9074 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 89,219 current US$ per person (2025)
- GNI (current US$), annual growth rate 17.05 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9978 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 98,107 current US$ per person (2025)
- GNI (current LCU), annual growth rate 8.97 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 128.16 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic savings in Iceland?
- Gross domestic savings in Iceland was 9.38 billion current US$ 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 9.38 billion current US$ in 2025.
- What is the lowest gross domestic savings recorded in Iceland?
- The lowest recorded value was 152.66 million current US$ in 1970.
- How does Iceland rank for gross domestic savings?
- Iceland ranks 97th out of 187 countries with data for 2025.
- Is gross domestic savings rising or falling in Iceland?
- Over the last ten years it is up 96.5%. 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 US$). 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 indicator is expressed in United States dollars.