Iceland Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Iceland's foreign reserves was $5.9B in 2025, ranked 90th globally. This represents a 7.4% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Iceland's foreign reserves stood at $5.9B in 2025, a decline of +$474.4M from 2024. Based on recent trends, this figure is projected to reach $5.9B by 2025. Iceland ranked 90th globally.
Iceland's foreign reserves have experienced significant fluctuations over the past 66 years, with the earliest recorded value in 1960 standing at 12,332,400.00. The country's foreign reserves peaked in 2011 at 8,548,042,323.47, a level surpassed by several peer countries, including Bahrain with 5,964,168,776.25 as of 2025. Conversely, Iceland's foreign reserves declined to 5,928,587,439.22 in 2025, ranking 90th globally. This decline from the 2011 peak suggests a decrease in the country's foreign exchange reserves. The trend has been influenced by economic factors, including Iceland's reliance on tourism and fishing industries, which have been impacted by global economic conditions. The trajectory of Iceland's foreign reserves may change if the country's economy experiences a significant shift towards more diversified industries or if there is a substantial increase in foreign investment.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $5.7B | - | - |
| 2026* trend | $5.8B | - | - |
| 2025* trend | $5.9B | - | - |
| 2025 | $5.9B | −$474.4M | #90 |
| 2024 | $6.4B | +$594.2M | #83 |
| 2023 | $5.8B | −$78.7M | #88 |
| 2022 | $5.9B | −$1.2B | #88 |
| 2021 | $7.1B | +$659.5M | #87 |
| 2020 | $6.4B | −$363.1M | #90 |
| 2019 | $6.8B | +$461.2M | #86 |
| 2018 | $6.3B | −$245.0M | #85 |
| 2017 | $6.6B | −$659.4M | #84 |
| 2016 | $7.2B | +$2.2B | #76 |
| 2015 | $5.0B | +$863.5M | #84 |
| 2014 | $4.2B | −$60.6M | #92 |
| 2013 | $4.2B | +$46.1M | #95 |
| 2012 | $4.2B | −$4.4B | #91 |
| 2011 | $8.5B | +$2.8B | #70 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's foreign reserves was $5.9B in 2025. Ranked 90th globally. This represents a 7.4% decrease from the previous year.
Iceland's foreign reserves peaked at $8.5B in 2011.
The lowest foreign reserves in Iceland was $12.3M in 1960.
Iceland ranks 90th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Iceland's foreign reserves is projected to reach $5.9B by 2025 based on trend extrapolation.
Iceland's foreign reserves was approximately 5.93 billion ($5.9B) in 2025.
The foreign reserves of Iceland in 2025 was $5.9B. This ranks 90th in the world.
Cite this page
@misc{historysaid_iceland_reserves,
title = {Iceland Foreign Reserves},
url = {https://historysaid.com/iceland/reserves/},
publisher = {HistorySaid},
year = {2026}
}