Iceland Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Iceland's reserves in months of imports was 2.3 in 2025, ranked 108th globally. This represents a 51.5% decrease from 2024. Data from World Bank, covering 1976–2025.
Overview
Iceland's reserves in months of imports stood at 2.3 in 2025, a decline of +2.5 from 2024. Based on recent trends, this figure is projected to reach 2.3 by 2025. Iceland ranked 108th globally.
Iceland's foreign exchange reserves in months of imports have exhibited significant fluctuations over the past five decades, with notable peaks and troughs. The reserves peaked in 2020, reaching 10.03 months of imports, a substantial increase from the all-time low of 1.20 months in 2001. This indicates the country's ability to cover its import costs during times of economic stress, such as the 2008 financial crisis. In recent years, Iceland's reserves have decreased, standing at 2.34 months of imports in 2025, ranking 108 globally. This is comparable to peer countries such as Sierra Leone, which has 2.36 months of imports. The country's economic stability is closely tied to its ability to maintain sufficient foreign exchange reserves, particularly in light of its high reliance on imported goods. A decline in foreign investment or a significant increase in import costs could potentially alter the trajectory of Iceland's reserves, shifting the country's economic resilience.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -0.4 | - | - |
| 2026* trend | 1.0 | - | - |
| 2025* trend | 2.3 | - | - |
| 2025 | 2.3 | −2.5 | #108 |
| 2024 | 4.8 | +0.3 | #53 |
| 2023 | 4.6 | −0.3 | #70 |
| 2022 | 4.8 | −2.9 | #60 |
| 2021 | 7.7 | −2.3 | #40 |
| 2020 | 10.0 | +1.9 | #34 |
| 2019 | 8.1 | +1.8 | #26 |
| 2018 | 6.3 | −0.8 | #43 |
| 2017 | 7.1 | −2.2 | #40 |
| 2016 | 9.3 | +2.4 | #22 |
| 2015 | 6.9 | +1.5 | #36 |
| 2014 | 5.4 | −0.5 | #46 |
| 2013 | 6.0 | +0.6 | #44 |
| 2012 | 5.3 | −4.6 | #48 |
| 2011 | 10.0 | +1.8 | #16 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw reserves in months of imports improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's reserves in months of imports was 2.3 in 2025. Ranked 108th globally. This represents a 51.5% decrease from the previous year.
Iceland's reserves in months of imports peaked at 10.0 in 2020.
The lowest reserves in months of imports in Iceland was 1.2 in 2001.
Iceland ranks 108th globally in reserves in months of imports as of 2025.
The World Bank indicator code is FI.RES.TOTL.MO. Data sourced from World Bank.
Iceland's reserves in months of imports is projected to reach 2.3 by 2025 based on trend extrapolation.
The reserves in months of imports of Iceland in 2025 was 2.3. This ranks 108th in the world.
Cite this page
@misc{historysaid_iceland_reserves-months-imports,
title = {Iceland Reserves in Months of Imports},
url = {https://historysaid.com/iceland/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}