1934 in Iceland

• Monarch - Kristján X
• Prime Minister – Ásgeir Ásgeirsson (until 28 July), Hermann Jónasson (since 28 July)

1934 Icelandic parliamentary election

• 27 February – Reynir Karlsson, footballer (d. 2014)
• 24 March – Arnór Hannibalsson, philosopher and historian (d. 2012)
• 22 April – Peter Ronson, athlete (d. 2007)
• 5 June – Vilhjálmur Einarsson, athlete, Iceland's first ever Olympic medalist (d. 2019)
• 9 June – Valbjörn Þorláksson, track and field athlete (d. 2009).^[1]
• 12 July – Kristinn Gunnlaugsson, footballer (d. 2001)
• 14 August – Guðrún Katrín Þorbergsdóttir, First Lady of Iceland (d. 1998)
• 23 August – Helgi Björgvinsson, footballer
• 15 September – Bjarni Jónsson, painter (d. 2008)
• 18 September – Sveinn Einarsson, theatre director

• 30 March – Finnur Jónsson, philologist (b. 1858)