Iceland - Broad money

Broad money (current LCU)

The value for Broad money (current LCU) in Iceland was 2,113,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 2,113,000,000,000 in 2020 and a minimum value of 32,930,000 in 1960.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

Year Value
1960 32,930,000
1961 41,500,000
1962 51,900,000
1963 59,330,000
1964 61,629,000
1965 77,171,000
1966 86,345,000
1967 104,040,000
1968 113,058,000
1969 139,452,000
1970 172,720,000
1971 208,624,000
1972 246,756,000
1973 326,810,000
1974 420,360,000
1975 542,070,000
1976 720,270,000
1977 1,037,590,000
1978 1,540,050,000
1979 2,421,190,000
1980 4,002,710,000
1981 4,998,650,000
1982 8,512,620,000
1983 15,332,040,000
1984 20,569,170,000
1985 31,571,250,000
1986 41,642,470,000
1987 56,999,830,000
1988 74,408,850,000
1989 112,091,000,000
1990 127,902,000,000
1991 148,252,000,000
1992 154,032,000,000
1993 164,095,000,000
1994 167,436,000,000
1995 171,656,000,000
1996 182,281,000,000
1997 199,328,000,000
1998 229,608,000,000
1999 269,234,000,000
2000 298,147,000,000
2001 343,347,000,000
2002 393,963,000,000
2003 482,089,000,000
2004 560,930,000,000
2005 707,930,000,000
2006 1,133,530,000,000
2007 1,199,890,000,000
2008 1,584,950,000,000
2009 1,624,110,000,000
2010 1,461,360,000,000
2011 1,544,550,000,000
2012 1,473,990,000,000
2013 1,542,590,000,000
2014 1,631,860,000,000
2015 1,722,790,000,000
2016 1,642,940,000,000
2017 1,725,640,000,000
2018 1,846,300,000,000
2019 1,968,040,000,000
2020 2,113,000,000,000

Broad money (% of GDP)

Broad money (% of GDP) in Iceland was 71.84 as of 2020. Its highest value over the past 60 years was 99.86 in 2009, while its lowest value was 19.81 in 1981.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 36.63
1961 40.78
1962 42.36
1963 40.57
1964 33.00
1965 34.27
1966 31.93
1967 37.92
1968 38.34
1969 38.21
1970 37.26
1971 35.37
1972 33.30
1973 31.41
1974 27.76
1975 25.07
1976 23.68
1977 23.62
1978 22.62
1979 24.06
1980 24.67
1981 19.81
1982 21.49
1983 22.31
1984 22.66
1985 25.49
1986 25.39
1987 26.70
1988 28.33
1989 34.64
1990 33.92
1991 36.37
1992 37.80
1993 39.03
1994 37.47
1995 37.25
1996 36.91
1997 37.14
1998 38.05
1999 41.44
2000 42.02
2001 42.80
2002 46.12
2003 54.99
2004 57.80
2005 66.70
2006 92.48
2007 86.51
2008 99.71
2009 99.86
2010 86.94
2011 87.51
2012 79.88
2013 78.30
2014 78.22
2015 74.55
2016 65.40
2017 65.32
2018 64.90
2019 64.57
2020 71.84

Broad money to total reserves ratio

Broad money to total reserves ratio in Iceland was 2.43 as of 2020. Its highest value over the past 60 years was 10.52 in 2005, while its lowest value was 1.56 in 2011.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 7.38
1961 4.33
1962 3.78
1963 4.00
1964 3.27
1965 3.33
1966 3.46
1967 6.68
1968 6.51
1969 4.11
1970 3.65
1971 3.38
1972 3.29
1973 3.57
1974 7.96
1975 7.08
1976 4.74
1977 4.98
1978 3.90
1979 3.67
1980 4.12
1981 2.78
1982 4.11
1983 3.67
1984 4.55
1985 3.43
1986 3.08
1987 4.40
1988 5.57
1989 5.50
1990 4.82
1991 5.38
1992 5.20
1993 5.45
1994 7.68
1995 8.11
1996 5.81
1997 7.07
1998 7.31
1999 7.52
2000 9.36
2001 9.92
2002 9.31
2003 7.68
2004 7.44
2005 10.52
2006 6.90
2007 7.12
2008 5.05
2009 3.38
2010 2.07
2011 1.56
2012 2.81
2013 2.98
2014 3.35
2015 2.59
2016 1.88
2017 2.46
2018 2.70
2019 2.37
2020 2.43

Broad money growth (annual %)

The value for Broad money growth (annual %) in Iceland was 7.37 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 80.11 in 1983 and a minimum value of -10.02 in 2010.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1961 26.02
1962 25.06
1963 14.32
1964 3.87
1965 25.22
1966 11.89
1967 20.49
1968 8.67
1969 23.35
1970 23.86
1971 20.79
1972 18.28
1973 32.44
1974 28.63
1975 28.95
1976 32.87
1977 44.06
1978 48.43
1979 57.22
1980 65.32
1981 24.88
1982 70.30
1983 80.11
1984 34.16
1985 53.49
1986 31.90
1987 36.88
1988 30.54
1989 50.64
1990 14.11
1991 15.91
1992 3.90
1993 6.53
1994 2.04
1995 2.52
1996 6.19
1997 9.35
1998 15.19
1999 17.26
2000 10.74
2001 15.16
2002 14.74
2003 22.37
2004 16.35
2005 26.21
2006 60.12
2007 5.85
2008 32.09
2009 2.47
2010 -10.02
2011 5.69
2012 -4.57
2013 4.65
2014 5.79
2015 5.57
2016 -4.64
2017 5.03
2018 6.99
2019 6.59
2020 7.37

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)