Iceland: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 886.28 billion Icelandic Krona as of December 2024, a decline compared to the previous value of 903.45 billion Icelandic Krona. Historically, the average for Iceland from October 2000 to December 2024 is 507 billion Icelandic Krona. The minimum of 34.21 billion Icelandic Krona was recorded in July 2001, while the maximum of 1110.31 billion Icelandic Krona was reached in November 2011.
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* indicates monthly or quarterly data series
- Measure: billion Icelandic Krona
- Source: Central Bank of Iceland
| Recent values | Iceland: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Dec | 886.28 |
| 2024 Nov | 903.45 |
| 2024 Oct | 892.92 |
| 2024 Sep | 899.12 |
| 2024 Aug | 912.33 |
| 2024 Jul | 898.08 |
| 2024 Jun | 887.52 |
| 2024 May | 913.89 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 98.96 | 2021 | percent |
| Trade openness | 86.79 | 2023 | percent |
| Financial openness | 1.793 | 2021 | index points |
| Exports, percent of GDP | 43.64 | 2023 | percent |
| Exports, billion dollars | 13.67 | 2023 | billion U.S. dollars |
| Growth of exports | 4.81 | 2023 | percent |
| Imports, percent of GDP | 43.42 | 2023 | percent |
| Imports, billion dollars | 13.52 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.93 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.69 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | -75.80 | 2023 | million dollars (current) |
| Current account, percent of GDP | 1.00 | 2023 | percent |
| Current account, in dollars | 0.38 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -0.05 | 2023 | percent |
| Trade balance, in dollars | 0.18 | 2023 | billion U.S. dollars |
| Reserves | 5.81 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.66 | 2023 | percent |
| Remittances | 206.14 | 2023 | million U.S. dollars |
| Net errors and omissions | -90.13 | 2023 | million USD |
| Foreign exchange reserves | 886.28 | 12/2024 | billion |