1974 in Iceland

Incumbents

• President - Kristján Eldjárn
• Prime Minister - Ólafur Jóhannesson, Geir Hallgrímsson

Events

• Geirfinnur case

Births

• 25 February - Nína Dögg Filippusdóttir, actress
• 27 March - Kristján Helgason, snooker player
• 2 May - Garðar Thór Cortes, singer
• 6 May - Birkir Hólm Guðnason, business leader
• 13 June - Selma Björnsdóttir, actress and singer
• 11 July - Hermann Hreiðarsson, footballer
• 3 September - Guðmundur Benediktsson, footballer.
• 17 September - Helgi Sigurðsson, footballer

Full date missing

• Guðmundur Þór Kárason, puppet designer and puppeteer

Deaths

• 4 March – Guðni Jónsson, professor of history and editor of Old Norse texts
• 20 April – Guðmundur Guðmundsson, chess player
• 21 September – Sigurður Nordal, scholar, writer and ambassador
• 8 November – Sesselja Sigmundsdottir, pioneer in the fields of pedagogy and the care for the mentally disabled
• 12 November – Þórbergur Þórðarson, author and Esperantist