Net acquisition of financial assets in Iceland
Iceland: Net acquisition of financial assets was 1.5% 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 % of GDP.
Analysis
Iceland recorded 1.5% for net acquisition of financial assets in 2023.
That represents a change of up 13.6% on the previous year and up 161.3% over ten years.
Over the whole period, net acquisition of financial assets in Iceland peaked at 28.7% in 2008 and was at its lowest, -8.1%, in 2015.
That places Iceland 45th out of 134 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net acquisition of financial assets in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 1.0% | — |
| 1991 | -1.0% | -199.9% |
| 1992 | 1.2% | -217.8% |
| 1993 | 0.2% | -84.8% |
| 1994 | 0.6% | +220.5% |
| 1995 | 1.2% | +106.2% |
| 1996 | 1.1% | -13.5% |
| 1997 | -0.1% | -107.6% |
| 1998 | 1.1% | -1517.6% |
| 1999 | 1.9% | +63.8% |
| 2000 | 1.2% | -35.5% |
| 2001 | 6.3% | +420.7% |
| 2002 | 1.0% | -84.4% |
| 2003 | -1.6% | -258.8% |
| 2004 | 1.3% | -184.3% |
| 2005 | 0.8% | -37.4% |
| 2006 | 16.7% | +1925.8% |
| 2007 | 12.4% | -25.5% |
| 2008 | 28.7% | +131.4% |
| 2009 | 8.7% | -69.6% |
| 2010 | 7.3% | -16.2% |
| 2011 | 2.9% | -60.7% |
| 2012 | -2.4% | -182.0% |
| 2013 | -2.5% | +5.6% |
| 2014 | 1.6% | -163.6% |
| 2015 | -8.1% | -608.0% |
| 2016 | 5.4% | -166.9% |
| 2017 | -7.2% | -234.1% |
| 2018 | -1.4% | -80.0% |
| 2019 | 3.1% | -315.0% |
| 2020 | 0.6% | -81.6% |
| 2021 | -2.5% | -537.1% |
| 2022 | 1.3% | -153.9% |
| 2023 | 1.5% | +13.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7% | -1.0% | 1.9% | 10 |
| 2000s | 7.6% | -1.6% | 28.7% | 10 |
| 2010s | -0.1% | -8.1% | 7.3% | 10 |
| 2020s | 0.2% | -2.5% | 1.5% | 4 |
Countries ranked near Iceland
More public sector data for Iceland
- 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)
- Tax revenue 23.2% (2023)
- Capital stock, General government, Current prices, Domestic currency 1,595 (2019)
- Taxes on income, profits and capital gains 34.6% (2023)
- Capital stock, General government, Constant prices, Percent of GDP 51.25 (2019)
- Capital stock, General government, Constant prices, Purchasing power 10.26 (2019)
- Taxes on goods and services 35.2% (2023)
Frequently asked questions
- What is net acquisition of financial assets in Iceland?
- Net acquisition of financial assets in Iceland was 1.5% 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 28.7% in 2008.
- What is the lowest net acquisition of financial assets recorded in Iceland?
- The lowest recorded value was -8.1% in 2015.
- How does Iceland rank for net acquisition of financial assets?
- Iceland ranks 45th 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 161.3%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.