Net acquisition of financial assets (current LCU) in Iceland
Iceland: Net acquisition of financial assets (current LCU) was 66.86 billion current LCU in 2023. ◆ Volatile
Net acquisition of financial assets in Iceland, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net acquisition of financial assets in Iceland is 66.86 billion current LCU, measured in 2023.
The figure is up 25.9% on the previous year and up 235.2% over ten years.
Over the whole period, net acquisition of financial assets in Iceland peaked at 460.56 billion current LCU in 2008 and was at its lowest, -193.28 billion current LCU, in 2017.
That places Iceland 34th out of 134 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net acquisition of financial assets (current LCU) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 4.05 billion current LCU | — |
| 1991 | -4.37 billion current LCU | -208.0% |
| 1992 | 5.15 billion current LCU | -217.8% |
| 1993 | 809.70 million current LCU | -84.3% |
| 1994 | 2.76 billion current LCU | +240.7% |
| 1995 | 5.87 billion current LCU | +112.6% |
| 1996 | 5.44 billion current LCU | -7.3% |
| 1997 | -440.30 million current LCU | -108.1% |
| 1998 | 6.99 billion current LCU | -1688.0% |
| 1999 | 12.31 billion current LCU | +76.1% |
| 2000 | 8.66 billion current LCU | -29.7% |
| 2001 | 50.88 billion current LCU | +487.6% |
| 2002 | 8.47 billion current LCU | -83.4% |
| 2003 | -13.82 billion current LCU | -263.3% |
| 2004 | 12.87 billion current LCU | -193.1% |
| 2005 | 8.88 billion current LCU | -31.0% |
| 2006 | 206.53 billion current LCU | +2226.5% |
| 2007 | 174.43 billion current LCU | -15.5% |
| 2008 | 460.56 billion current LCU | +164.0% |
| 2009 | 142.70 billion current LCU | -69.0% |
| 2010 | 124.51 billion current LCU | -12.7% |
| 2011 | 51.38 billion current LCU | -58.7% |
| 2012 | -44.13 billion current LCU | -185.9% |
| 2013 | -49.46 billion current LCU | +12.1% |
| 2014 | 33.41 billion current LCU | -167.5% |
| 2015 | -187.99 billion current LCU | -662.7% |
| 2016 | 137.16 billion current LCU | -173.0% |
| 2017 | -193.28 billion current LCU | -240.9% |
| 2018 | -41.73 billion current LCU | -78.4% |
| 2019 | 95.13 billion current LCU | -328.0% |
| 2020 | 17.03 billion current LCU | -82.1% |
| 2021 | -83.11 billion current LCU | -588.0% |
| 2022 | 53.12 billion current LCU | -163.9% |
| 2023 | 66.86 billion current LCU | +25.9% |
Iceland compared with similar countries
- Iceland's 66.86 billion current LCU is above the median for high income countries, which is 893.25 million current LCU, 74.8× the median. (39 countries reporting)
- Iceland's 66.86 billion current LCU is above the median for Europe & Central Asia, which is 4.06 billion current LCU, 16.5× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Net acquisition of financial assets (current LCU) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | +2226.5% | 8.88 billion current LCU | 206.53 billion current LCU |
| 1998 | +1688.0% | -440.30 million current LCU | 6.99 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.86 billion current LCU | -4.37 billion current LCU | 12.31 billion current LCU | 10 |
| 2000s | 106.02 billion current LCU | -13.82 billion current LCU | 460.56 billion current LCU | 10 |
| 2010s | -7.50 billion current LCU | -193.28 billion current LCU | 137.16 billion current LCU | 10 |
| 2020s | 13.47 billion current LCU | -83.11 billion current LCU | 66.86 billion current LCU | 4 |
Countries ranked near Iceland
- 31 Malawi 99.82 billion current LCU compare
- 32 Singapore 93.12 billion current LCU compare
- 33 United States 74.81 billion current LCU compare
- 35 South Africa 62.08 billion current LCU compare
- 36 Kyrgyzstan 52.96 billion current LCU compare
- 37 Australia 50.08 billion current LCU compare
More public sector data for Iceland
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
Frequently asked questions
- What is net acquisition of financial assets in Iceland?
- Net acquisition of financial assets in Iceland was 66.86 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net acquisition of financial assets recorded in Iceland?
- The highest recorded value was 460.56 billion current LCU in 2008.
- What is the lowest net acquisition of financial assets recorded in Iceland?
- The lowest recorded value was -193.28 billion current LCU in 2017.
- How does Iceland rank for net acquisition of financial assets?
- Iceland ranks 34th out of 134 countries with data for 2023.
- Is net acquisition of financial assets rising or falling in Iceland?
- Over the last ten years it is up 235.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net acquisition of financial assets (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.