Reserves and related items (BoP, current US$) in Iceland
Iceland: Reserves and related items (BoP, current US$) was 609.38 million BoP, current US$ in 2025. ◆ Volatile
Reserves and related items in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iceland recorded 609.38 million BoP, current US$ for reserves and related items in 2025.
Compared with earlier readings it is down 20.4% on the previous year and down 57.1% over ten years.
Over the whole period, reserves and related items in Iceland peaked at 2.43 billion BoP, current US$ in 2016 and was at its lowest, -3.01 billion BoP, current US$, in 2012.
Iceland ranks 74th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Reserves and related items (BoP, current US$) in Iceland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 3.53 million BoP, current US$ | — |
| 1977 | 16.32 million BoP, current US$ | +362.3% |
| 1978 | 51.32 million BoP, current US$ | +214.5% |
| 1979 | 40.64 million BoP, current US$ | -20.8% |
| 1980 | 38.22 million BoP, current US$ | -5.9% |
| 1981 | 75.67 million BoP, current US$ | +98.0% |
| 1982 | -95.56 million BoP, current US$ | -226.3% |
| 1983 | 10.88 million BoP, current US$ | -111.4% |
| 1984 | -15.20 million BoP, current US$ | -239.6% |
| 1985 | 64.13 million BoP, current US$ | -522.0% |
| 1986 | 98.95 million BoP, current US$ | +54.3% |
| 1987 | -18.14 million BoP, current US$ | -118.3% |
| 1988 | 1.16 million BoP, current US$ | -106.4% |
| 1989 | 54.57 million BoP, current US$ | +4595.2% |
| 1990 | 73.97 million BoP, current US$ | +35.5% |
| 1991 | 8.98 million BoP, current US$ | -87.9% |
| 1992 | 79.17 million BoP, current US$ | +781.3% |
| 1993 | -58.97 million BoP, current US$ | -174.5% |
| 1994 | -150.03 million BoP, current US$ | +154.4% |
| 1995 | 5.05 million BoP, current US$ | -103.4% |
| 1996 | 153.12 million BoP, current US$ | +2931.4% |
| 1997 | -44.57 million BoP, current US$ | -129.1% |
| 1998 | 31.90 million BoP, current US$ | -171.6% |
| 1999 | 85.62 million BoP, current US$ | +168.4% |
| 2000 | -73.01 million BoP, current US$ | -185.3% |
| 2001 | -48.50 million BoP, current US$ | -33.6% |
| 2002 | 60.93 million BoP, current US$ | -225.6% |
| 2003 | 305.52 million BoP, current US$ | +401.5% |
| 2004 | 201.43 million BoP, current US$ | -34.1% |
| 2005 | 71.01 million BoP, current US$ | -64.7% |
| 2006 | 1.25 billion BoP, current US$ | +1660.5% |
| 2007 | 96.71 million BoP, current US$ | -92.3% |
| 2008 | 352.58 million BoP, current US$ | +264.6% |
| 2009 | 45.36 million BoP, current US$ | -87.1% |
| 2010 | 1.66 billion BoP, current US$ | +3562.9% |
| 2011 | 2.01 billion BoP, current US$ | +21.0% |
| 2012 | -3.01 billion BoP, current US$ | -250.0% |
| 2013 | 14.91 million BoP, current US$ | -100.5% |
| 2014 | 715.85 million BoP, current US$ | +4699.9% |
| 2015 | 1.42 billion BoP, current US$ | +98.7% |
| 2016 | 2.43 billion BoP, current US$ | +70.5% |
| 2017 | -830.09 million BoP, current US$ | -134.2% |
| 2018 | 33.65 million BoP, current US$ | -104.1% |
| 2019 | 552.88 million BoP, current US$ | +1542.8% |
| 2020 | -217.73 million BoP, current US$ | -139.4% |
| 2021 | 1.14 billion BoP, current US$ | -622.8% |
| 2022 | -458.19 million BoP, current US$ | -140.3% |
| 2023 | -366.93 million BoP, current US$ | -19.9% |
| 2024 | 765.22 million BoP, current US$ | -308.5% |
| 2025 | 609.38 million BoP, current US$ | -20.4% |
Iceland compared with similar countries
- Iceland's 609.38 million BoP, current US$ is above the median for high income countries, which is 345.55 million BoP, current US$, 1.8× the median. (68 countries reporting)
- Iceland's 609.38 million BoP, current US$ is below the median for Europe & Central Asia, which is 761.66 million BoP, current US$, 80% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Reserves and related items (BoP, current US$) 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 |
|---|---|---|---|
| 2014 | +4699.9% | 14.91 million BoP, current US$ | 715.85 million BoP, current US$ |
| 1989 | +4595.2% | 1.16 million BoP, current US$ | 54.57 million BoP, current US$ |
| 2010 | +3562.9% | 45.36 million BoP, current US$ | 1.66 billion BoP, current US$ |
| 1996 | +2931.4% | 5.05 million BoP, current US$ | 153.12 million BoP, current US$ |
| 2006 | +1660.5% | 71.01 million BoP, current US$ | 1.25 billion BoP, current US$ |
| 2019 | +1542.8% | 33.65 million BoP, current US$ | 552.88 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.95 million BoP, current US$ | 3.53 million BoP, current US$ | 51.32 million BoP, current US$ | 4 |
| 1980s | 21.47 million BoP, current US$ | -95.56 million BoP, current US$ | 98.95 million BoP, current US$ | 10 |
| 1990s | 18.42 million BoP, current US$ | -150.03 million BoP, current US$ | 153.12 million BoP, current US$ | 10 |
| 2000s | 226.22 million BoP, current US$ | -73.01 million BoP, current US$ | 1.25 billion BoP, current US$ | 10 |
| 2010s | 499.17 million BoP, current US$ | -3.01 billion BoP, current US$ | 2.43 billion BoP, current US$ | 10 |
| 2020s | 244.99 million BoP, current US$ | -458.19 million BoP, current US$ | 1.14 billion BoP, current US$ | 6 |
Countries ranked near Iceland
- 71 Ethiopia 632.14 million BoP, current US$ compare
- 72 Namibia 628.80 million BoP, current US$ compare
- 73 Ecuador 616.07 million BoP, current US$ compare
- 75 Burkina Faso 585.19 million BoP, current US$ compare
- 76 Afghanistan 499.58 million BoP, current US$ compare
- 77 Cameroon 482.23 million BoP, current US$ compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
Frequently asked questions
- What is reserves and related items in Iceland?
- Reserves and related items in Iceland was 609.38 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest reserves and related items recorded in Iceland?
- The highest recorded value was 2.43 billion BoP, current US$ in 2016.
- What is the lowest reserves and related items recorded in Iceland?
- The lowest recorded value was -3.01 billion BoP, current US$ in 2012.
- How does Iceland rank for reserves and related items?
- Iceland ranks 74th out of 196 countries with data for 2025.
- Is reserves and related items rising or falling in Iceland?
- Over the last ten years it is down 57.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Reserves and related items (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Reserves and related items is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency.Also included are net credit and loans from the IMF (excluding reserve position) and total exceptional financing. 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.