Gross savings in Iceland
Iceland: Gross savings was 1.14 trillion current LCU in 2025. ◆ Volatile
Gross savings in Iceland, 1976–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Iceland recorded 1.14 trillion current LCU for gross savings in 2025. That is the highest value across all 49 years on record.
Compared with earlier readings it is up 8.2% on the previous year and up 91.4% over ten years.
Over the whole period, gross savings in Iceland peaked at 1.14 trillion current LCU in 2025 and was at its lowest, 878.96 million current LCU, in 1976.
That places Iceland 61st out of 178 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 savings in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1976 | 878.96 million current LCU | — |
| 1977 | 1.29 billion current LCU | +46.9% |
| 1979 | 2.61 billion current LCU | +102.3% |
| 1980 | 4.32 billion current LCU | +65.3% |
| 1981 | 6.08 billion current LCU | +40.8% |
| 1982 | 8.49 billion current LCU | +39.7% |
| 1983 | 14.13 billion current LCU | +66.4% |
| 1984 | 18.12 billion current LCU | +28.2% |
| 1985 | 22.69 billion current LCU | +25.2% |
| 1986 | 33.51 billion current LCU | +47.7% |
| 1987 | 40.07 billion current LCU | +19.6% |
| 1988 | 48.85 billion current LCU | +21.9% |
| 1989 | 59.91 billion current LCU | +22.6% |
| 1990 | 68.62 billion current LCU | +14.5% |
| 1991 | 70.70 billion current LCU | +3.0% |
| 1992 | 69.34 billion current LCU | -1.9% |
| 1993 | 79.66 billion current LCU | +14.9% |
| 1994 | 86.15 billion current LCU | +8.1% |
| 1995 | 85.06 billion current LCU | -1.3% |
| 1996 | 90.74 billion current LCU | +6.7% |
| 1997 | 104.60 billion current LCU | +15.3% |
| 1998 | 112.99 billion current LCU | +8.0% |
| 1999 | 107.53 billion current LCU | -4.8% |
| 2000 | 105.17 billion current LCU | -2.2% |
| 2001 | 150.33 billion current LCU | +42.9% |
| 2002 | 179.52 billion current LCU | +19.4% |
| 2003 | 145.23 billion current LCU | -19.1% |
| 2004 | 144.26 billion current LCU | -0.7% |
| 2005 | 146.76 billion current LCU | +1.7% |
| 2006 | 165.30 billion current LCU | +12.6% |
| 2007 | 224.00 billion current LCU | +35.5% |
| 2008 | 82.75 billion current LCU | -63.1% |
| 2009 | 98.15 billion current LCU | +18.6% |
| 2010 | 135.87 billion current LCU | +38.4% |
| 2011 | 192.97 billion current LCU | +42.0% |
| 2012 | 242.53 billion current LCU | +25.7% |
| 2013 | 433.12 billion current LCU | +78.6% |
| 2014 | 465.28 billion current LCU | +7.4% |
| 2015 | 595.19 billion current LCU | +27.9% |
| 2016 | 757.53 billion current LCU | +27.3% |
| 2017 | 708.70 billion current LCU | -6.4% |
| 2018 | 769.55 billion current LCU | +8.6% |
| 2019 | 844.86 billion current LCU | +9.8% |
| 2020 | 683.50 billion current LCU | -19.1% |
| 2021 | 674.35 billion current LCU | -1.3% |
| 2022 | 888.90 billion current LCU | +31.8% |
| 2023 | 1.06 trillion current LCU | +19.0% |
| 2024 | 1.05 trillion current LCU | -0.5% |
| 2025 | 1.14 trillion current LCU | +8.2% |
Iceland compared with similar countries
- Iceland's 1.14 trillion current LCU is above the median for high income countries, which is 181.85 billion current LCU, 6.3× the median. (63 countries reporting)
- Iceland's 1.14 trillion current LCU is above the median for Europe & Central Asia, which is 192.64 billion current LCU, 5.9× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.59 billion current LCU | 878.96 million current LCU | 2.61 billion current LCU | 3 |
| 1980s | 25.62 billion current LCU | 4.32 billion current LCU | 59.91 billion current LCU | 10 |
| 1990s | 87.54 billion current LCU | 68.62 billion current LCU | 112.99 billion current LCU | 10 |
| 2000s | 144.15 billion current LCU | 82.75 billion current LCU | 224.00 billion current LCU | 10 |
| 2010s | 514.56 billion current LCU | 135.87 billion current LCU | 844.86 billion current LCU | 10 |
| 2020s | 916.16 billion current LCU | 674.35 billion current LCU | 1.14 trillion 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 gross savings in Iceland?
- Gross savings in Iceland was 1.14 trillion current LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Iceland?
- The highest recorded value was 1.14 trillion current LCU in 2025.
- What is the lowest gross savings recorded in Iceland?
- The lowest recorded value was 878.96 million current LCU in 1976.
- How does Iceland rank for gross savings?
- Iceland ranks 61st out of 178 countries with data for 2025.
- Is gross savings rising or falling in Iceland?
- Over the last ten years it is up 91.4%. 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 Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.