1987 in Iceland

The following lists events that happened in 1987 in Iceland.

Incumbents

 * President – Vigdís Finnbogadóttir
 * Prime Minister – Steingrímur Hermannsson, Þorsteinn Pálsson

Births

 * 30 January – Matthías Vilhjálmsson, footballer
 * 4 March – Theódór Elmar Bjarnason, footballer
 * 6 March – Ragnar Þórhallsson, musician
 * 14 May – Ari Freyr Skúlason, footballer.
 * 27 June – Katrín Ómarsdóttir, footballer

Deaths

 * 13 August – Guðmundur Ingólfsson, swimmer (b. 1929).


 * 19 December – Guðmundur Ívarsson Guðmundsson, politician (b. 1909).