Gross domestic savings in Iceland
Iceland: Gross domestic savings was 1.20 trillion current LCU in 2025. ◆ Volatile
Gross domestic savings in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, gross domestic savings in Iceland stood at 1.20 trillion current LCU. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 5.4% on the previous year and up 91.3% over ten years.
Over the whole period, gross domestic savings in Iceland peaked at 1.20 trillion current LCU in 2025 and was at its lowest, 134.34 million current LCU, in 1970.
Iceland ranks 59th of 187 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 906.56 million current LCU | 134.34 million current LCU | 2.83 billion current LCU | 10 |
| 1980s | 30.48 billion current LCU | 4.69 billion current LCU | 73.70 billion current LCU | 10 |
| 1990s | 101.78 billion current LCU | 80.16 billion current LCU | 129.83 billion current LCU | 10 |
| 2000s | 231.32 billion current LCU | 128.09 billion current LCU | 382.28 billion current LCU | 10 |
| 2010s | 577.97 billion current LCU | 402.37 billion current LCU | 791.55 billion current LCU | 10 |
| 2020s | 965.38 billion current LCU | 616.75 billion current LCU | 1.20 trillion current LCU | 6 |
Countries ranked near Iceland
- 56 Venezuela 1.77 trillion current LCU compare
- 57 Dominican Republic 1.62 trillion current LCU compare
- 58 Saudi Arabia 1.59 trillion current LCU compare
- 60 South Africa 1.17 trillion current LCU compare
- 61 Germany 1.09 trillion current LCU compare
- 62 Equatorial Guinea 1.08 trillion current LCU compare
More economy & growth data for Iceland
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
- Taxes less subsidies on products 3.88 billion current US$ (2025)
- Net primary income (Net income from abroad) -40.83 billion current LCU (2024)
- Net primary income (Net income from abroad) -295.94 million current US$ (2024)
- GNI per capita 12.60 million current LCU (2025)
- GNI per capita, Atlas method 89,220 current US$ (2025)
- GNI 4.94 trillion current LCU (2025)
Frequently asked questions
- What is gross domestic savings in Iceland?
- Gross domestic savings in Iceland was 1.20 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Iceland?
- The highest recorded value was 1.20 trillion current LCU in 2025.
- What is the lowest gross domestic savings recorded in Iceland?
- The lowest recorded value was 134.34 million current LCU in 1970.
- How does Iceland rank for gross domestic savings?
- Iceland ranks 59th out of 187 countries with data for 2025.
- Is gross domestic savings rising or falling in Iceland?
- Over the last ten years it is up 91.3%. 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 Organizations and/or Central Banks, published as part of Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.