Iceland: Savings, percent of GDP

The latest value from 2025 is 22.98 percent, a decline from 23 percent in 2024. In comparison, the world average is 23.38 percent, based on data from 72 countries. Historically, the average for Iceland from 1976 to 2025 is 19.29 percent. The minimum value, 5.16 percent, was reached in 2008 while the maximum of 29.74 percent was recorded in 2016. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in Iceland and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.