Broad money to total reserves ratio in Iceland
Iceland: Broad money to total reserves ratio was 3.49 in 2024. ▼ Falling
Broad money to total reserves ratio in Iceland, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
The most recent figure for broad money to total reserves ratio in Iceland is 3.49, measured in 2024.
That represents a change of up 1.3% on the previous year and up 4.4% over ten years.
Over the whole period, broad money to total reserves ratio in Iceland peaked at 10.52 in 2005 and was at its lowest, 1.56, in 2011.
Iceland ranks 66th of 158 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 65 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.68 | 3.27 | 7.38 | 10 |
| 1970s | 4.62 | 3.29 | 7.96 | 10 |
| 1980s | 4.12 | 2.78 | 5.57 | 10 |
| 1990s | 6.44 | 4.82 | 8.11 | 10 |
| 2000s | 7.67 | 3.38 | 10.52 | 10 |
| 2010s | 2.48 | 1.56 | 3.35 | 10 |
| 2020s | 3.04 | 2.43 | 3.49 | 5 |
Countries ranked near Iceland
More financial sector data for Iceland
- Domestic credit to private sector 89.2% (2025)
- Claims on central government, etc. -3.9% (2025)
- Broad money 67.4% (2024)
- Monetary Sector credit to private sector 89.2% (2025)
- Net foreign assets 397.39 billion current LCU (2025)
- Net domestic credit 4.57 trillion current LCU (2025)
- Net migration 2,709 (2025)
- Total reserves in months of imports 5.32 (2025)
- Domestic credit to private sector by banks 89.2% (2025)
- Official exchange rate 128.44 LCU per US$, period average (2025)
Frequently asked questions
- What is broad money to total reserves ratio in Iceland?
- Broad money to total reserves ratio in Iceland was 3.49 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Iceland?
- The highest recorded value was 10.52 in 2005.
- What is the lowest broad money to total reserves ratio recorded in Iceland?
- The lowest recorded value was 1.56 in 2011.
- How does Iceland rank for broad money to total reserves ratio?
- Iceland ranks 66th out of 158 countries with data for 2024.
- Is broad money to total reserves ratio rising or falling in Iceland?
- Over the last ten years it is up 4.4%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money to total reserves ratio. Statizoid updates them automatically from the source API.
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CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. 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. This indicator is expressed as a ratio (a÷b).