Total reserves in months of imports in Iceland
Iceland: Total reserves in months of imports was 4.83 ratio in 2024. ◆ Volatile
Total reserves in months of imports in Iceland, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in ratio.
Analysis
The most recent figure for total reserves in months of imports in Iceland is 4.83 ratio, measured in 2024.
That represents a change of up 5.5% on the previous year and down 11.2% over ten years.
Over the whole period, total reserves in months of imports in Iceland peaked at 10.03 ratio in 2020 and was at its lowest, 1.2 ratio, in 2001.
Iceland ranks 72nd of 172 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.
Total reserves in months of imports in Iceland, year by year
| Year | ratio | Change |
|---|---|---|
| 2000 | 1.24 ratio | — |
| 2001 | 1.2 ratio | -3.2% |
| 2002 | 1.58 ratio | +31.7% |
| 2003 | 2.12 ratio | +34.2% |
| 2004 | 2.04 ratio | -3.8% |
| 2005 | 1.38 ratio | -32.4% |
| 2006 | 2.34 ratio | +69.6% |
| 2007 | 2.12 ratio | -9.4% |
| 2008 | 3.19 ratio | +50.5% |
| 2009 | 5.57 ratio | +74.6% |
| 2010 | 8.19 ratio | +47.0% |
| 2011 | 9.98 ratio | +21.9% |
| 2012 | 5.34 ratio | -46.5% |
| 2013 | 5.95 ratio | +11.4% |
| 2014 | 5.44 ratio | -8.6% |
| 2015 | 6.94 ratio | +27.6% |
| 2016 | 9.33 ratio | +34.4% |
| 2017 | 7.11 ratio | -23.8% |
| 2018 | 6.33 ratio | -11.0% |
| 2019 | 8.13 ratio | +28.4% |
| 2020 | 10.03 ratio | +23.4% |
| 2021 | 7.74 ratio | -22.8% |
| 2022 | 4.85 ratio | -37.3% |
| 2023 | 4.58 ratio | -5.6% |
| 2024 | 4.83 ratio | +5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.28 ratio | 1.2 ratio | 5.57 ratio | 10 |
| 2010s | 7.27 ratio | 5.34 ratio | 9.98 ratio | 10 |
| 2020s | 6.41 ratio | 4.58 ratio | 10.03 ratio | 5 |
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)
- Imports of goods and services (constant 2015 US$), annual growth rate 7.15 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3036 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 29,848 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -107.38 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -93.07 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.69 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.69 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 461,476 current LCU per person (2025)
Frequently asked questions
- What is total reserves in months of imports in Iceland?
- Total reserves in months of imports in Iceland was 4.83 ratio in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest total reserves in months of imports recorded in Iceland?
- The highest recorded value was 10.03 ratio in 2020.
- What is the lowest total reserves in months of imports recorded in Iceland?
- The lowest recorded value was 1.2 ratio in 2001.
- How does Iceland rank for total reserves in months of imports?
- Iceland ranks 72nd out of 172 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Iceland?
- Over the last ten years it is down 11.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Total reserves in months of imports (ratio).