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The following lists events that happened in 2008 in Iceland.
- President – Ólafur Ragnar Grímsson
- Prime Minister – Geir Haarde
May
- May 29 - A strong earthquake measuring 6.1 on the Richter scale strikes Iceland near the town of Selfoss.
September
- September 29 - The government of Iceland takes control of the country's number three bank, the struggling Glitnir Bank.
October
- October 7 - Subprime mortgage crisis
- Russia agrees to provide Iceland with emergency loans of 4 billion euros ($5.4 billion).
- Iceland's Financial Supervisory Authority takes control of troubled Landsbanki Bank.
- October 9 - Kaupthing Bank, Iceland's largest bank, is nationalized by the country's Financial Supervisory Authority.
- October 21 - Iceland's Kaupthing Bank fails to pay interest to its 50-billion-yen (US$493 million) bondholders in Japan.
- October 29 - Danish-based low-cost carrier Sterling Airlines files for bankruptcy and stops all passenger flights after its cash-strapped Icelandic investors were unable keep the company afloat.
November
- November 19 - The International Monetary Fund approves a US$2.1 billion rescue package for Iceland following its financial crisis.
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