Gross savings in Iceland
Iceland: Gross savings was 8.87 billion current US$ in 2025. ◆ Volatile
Gross savings in Iceland, 1976–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Iceland is 8.87 billion current US$, measured in 2025. That is the highest value across all 49 years on record.
That represents a change of up 16.2% on the previous year and up 96.5% over ten years.
Over the whole period, gross savings in Iceland peaked at 8.87 billion current US$ in 2025 and was at its lowest, 482.49 million current US$, in 1976.
Iceland ranks 95th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 482.49 million current US$ | — |
| 1977 | 649.09 million current US$ | +34.5% |
| 1979 | 740.43 million current US$ | +14.1% |
| 1980 | 899.73 million current US$ | +21.5% |
| 1981 | 841.56 million current US$ | -6.5% |
| 1982 | 687.76 million current US$ | -18.3% |
| 1983 | 568.93 million current US$ | -17.3% |
| 1984 | 571.64 million current US$ | +0.5% |
| 1985 | 546.69 million current US$ | -4.4% |
| 1986 | 815.35 million current US$ | +49.1% |
| 1987 | 1.04 billion current US$ | +27.1% |
| 1988 | 1.14 billion current US$ | +9.6% |
| 1989 | 1.05 billion current US$ | -7.5% |
| 1990 | 1.18 billion current US$ | +12.1% |
| 1991 | 1.20 billion current US$ | +1.8% |
| 1992 | 1.20 billion current US$ | +0.5% |
| 1993 | 1.18 billion current US$ | -2.2% |
| 1994 | 1.23 billion current US$ | +4.5% |
| 1995 | 1.31 billion current US$ | +6.7% |
| 1996 | 1.36 billion current US$ | +3.8% |
| 1997 | 1.48 billion current US$ | +8.1% |
| 1998 | 1.59 billion current US$ | +7.9% |
| 1999 | 1.49 billion current US$ | -6.6% |
| 2000 | 1.34 billion current US$ | -10.0% |
| 2001 | 1.54 billion current US$ | +15.3% |
| 2002 | 1.96 billion current US$ | +26.9% |
| 2003 | 1.89 billion current US$ | -3.3% |
| 2004 | 2.06 billion current US$ | +8.6% |
| 2005 | 2.33 billion current US$ | +13.4% |
| 2006 | 2.36 billion current US$ | +1.1% |
| 2007 | 3.50 billion current US$ | +48.5% |
| 2008 | 940.87 million current US$ | -73.1% |
| 2009 | 793.81 million current US$ | -15.6% |
| 2010 | 1.11 billion current US$ | +40.0% |
| 2011 | 1.66 billion current US$ | +49.7% |
| 2012 | 1.94 billion current US$ | +16.5% |
| 2013 | 3.54 billion current US$ | +82.8% |
| 2014 | 3.98 billion current US$ | +12.4% |
| 2015 | 4.51 billion current US$ | +13.2% |
| 2016 | 6.27 billion current US$ | +39.0% |
| 2017 | 6.63 billion current US$ | +5.8% |
| 2018 | 7.11 billion current US$ | +7.1% |
| 2019 | 6.89 billion current US$ | -3.0% |
| 2020 | 5.05 billion current US$ | -26.8% |
| 2021 | 5.31 billion current US$ | +5.2% |
| 2022 | 6.57 billion current US$ | +23.7% |
| 2023 | 7.67 billion current US$ | +16.8% |
| 2024 | 7.63 billion current US$ | -0.5% |
| 2025 | 8.87 billion current US$ | +16.2% |
Iceland compared with similar countries
- Iceland's 8.87 billion current US$ is below the median for high income countries, which is 58.75 billion current US$, 15% of the median. (63 countries reporting)
- Iceland's 8.87 billion current US$ is below the median for Europe & Central Asia, which is 24.45 billion current US$, 36% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 624.00 million current US$ | 482.49 million current US$ | 740.43 million current US$ | 3 |
| 1980s | 815.37 million current US$ | 546.69 million current US$ | 1.14 billion current US$ | 10 |
| 1990s | 1.32 billion current US$ | 1.18 billion current US$ | 1.59 billion current US$ | 10 |
| 2000s | 1.87 billion current US$ | 793.81 million current US$ | 3.50 billion current US$ | 10 |
| 2010s | 4.37 billion current US$ | 1.11 billion current US$ | 7.11 billion current US$ | 10 |
| 2020s | 6.85 billion current US$ | 5.05 billion current US$ | 8.87 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)
- 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Iceland?
- Gross savings in Iceland was 8.87 billion current US$ 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 8.87 billion current US$ in 2025.
- What is the lowest gross savings recorded in Iceland?
- The lowest recorded value was 482.49 million current US$ in 1976.
- How does Iceland rank for gross savings?
- Iceland ranks 95th out of 178 countries with data for 2025.
- Is gross 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 Offices (NSOs), published as part of Gross savings (current US$). 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 indicator is expressed in United States dollars.