Iceland: Savings, percent of GDP

* indicates monthly or quarterly data series
 Iceland

Savings as percent of GDP

 Latest value 25.35
 Year 2023
 Measure percent
 Data availability 1976 - 2023
 Average 19.52
 Min - Max 5.24 - 29.18
 Source The World Bank
The latest value from 2023 is 25.35 percent, an increase from 22.6 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for Iceland from 1976 to 2023 is 19.52 percent. The minimum value, 5.24 percent, was reached in 2008 while the maximum of 29.18 percent was recorded in 2016. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Iceland - Savings, percent of GDP - Recent values chart

Historical series
Iceland - Savings, percent of GDP - historical chart - 1976-2023




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.

Selected articles from our guide:

Are trade deficits bad for the economy?

Sources of economic growth

Currency values and investment returns

How to write an economics research paper

All articles



 Related indicators Latest Reference Measure
 Share of industry 19.40 2024 percent
 Share of manufacturing 7.61 2024 percent
 Share of services 65.54 2024 percent
 Industry value added 6.60 2023 billion U.S. dollars
 Manufacturing value added 2.99 2023 billion U.S. dollars
 Services value added 20.25 2023 billion U.S. dollars
 Savings, percent of GDP 25.35 2023 percent
 Savings, in dollars 8.15 2023 billion U.S. dollars
This site uses cookies.
Learn more here


OK