Foreign exchange reserves excluding gold rose 10.5% to USD 6.96 bil in Iceland in 2021, according to the National Statistical Office.
Historically, foreign exchange reserves excluding gold in Iceland reached an all time high of USD 8.45 bil in 2011 and an all time low of USD 0.011 bil in 1960. When compared to Iceland's main peers, foreign exchange reserves excluding gold in Denmark amounted to USD 78.3 bil, USD 84.3 bil in Norway, USD 54.7 bil in Sweden and USD 176 bil in United Kingdom in 2021.
Iceland has been ranked 79th within the group of 133 countries we follow in terms of foreign exchange reserves excluding gold, 10 places below the position seen 10 years ago.
| Foreign Exchange Reserves, Excluding Gold (USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Belgium | USD bil | 16.4 | 15.1 | 16.7 | 17.5 | 17.8 | ||||||||||||||||
| Denmark | USD bil | 62.9 | 61.8 | 72.5 | 68.2 | 63.6 | ||||||||||||||||
| Finland | USD bil | 8.34 | 8.65 | 8.46 | 8.28 | 9.02 | ||||||||||||||||
| France | USD bil | 55.2 | 56.1 | 54.8 | 66.1 | 69.7 | ||||||||||||||||
| Germany | USD bil | 58.5 | 59.6 | 59.4 | 59.2 | 59.2 | ||||||||||||||||
| Iceland | USD bil | 4.97 | 7.15 | 6.48 | 6.24 | 6.69 | ||||||||||||||||
| Ireland | USD bil | 2.00 | 3.37 | 4.16 | 4.98 | 5.44 | ||||||||||||||||
| Netherlands | USD bil | 17.3 | 13.3 | 12.9 | 13.2 | 13.3 | ||||||||||||||||
| Norway | USD bil | 57.5 | 60.4 | 65.9 | 63.1 | 66.9 | ||||||||||||||||
| Russia | USD bil | 320 | 318 | 356 | 382 | 444 | ||||||||||||||||
| Sweden | USD bil | 53.8 | 54.7 | 57.0 | 55.4 | 49.4 | ||||||||||||||||
| United Kingdom | USD bil | 138 | 124 | 138 | 160 | 158 |
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