1932 in Iceland

• Monarch - Kristján X
• Prime Minister – Tryggvi Þórhallsson, Ásgeir Ásgeirsson

Cambridge University Iceland Expedition^[1]

Baldur Óskarsson is born^[2]

• 30 January – Dagbjartur Grímsson, footballer (d. 1986)
• 7 July – Ólafur Garðar Einarsson, politician.^[3]
• 16 October – Guðbergur Bergsson, writer
• 27 November – Elsa G. Vilmundardóttir, geologist (d. 2008)
• 21 December – Hringur Jóhannesson, painter (d. 1996)