| Nº | Minister | Took office | Left office | Duration | Party | Cabinet |
|---|
| 1 | {{party colour|Independence Party (Iceland)|2px|rowspan=2}} | Magnús Jónsson
(1919–1984) | 1 January 1970 | 10 July 1970 | 1 years, 6 month, 13 days
(559 days) | IP | Bjarni Benediktsson |
| 10 July 1970 | 14 July 1971 | Jóhann Hafstein |
| 2{{party colour|Union of Liberals and Leftists|2px}} | Magnús Torfi Ólafsson
(1923–1998) | 14 July 1971 | 28 August 1974 | 3 years, 1 month, 14 days
(1141 days) | ULL | Ólafur Jóhannesson I |
| 3{{party colour|Independence Party (Iceland)|2px}} | Geir Hallgrímsson
(1925–1990) | 28 August 1974 | 1 September 1978 | 4 years, 4 days
(1465 days) | IP | Geir Hallgrímsson |
| 4{{party colour|Progressive Party (Iceland)|2px}} | Ólafur Jóhannesson
(1913–1984) | 1 September 1978 | 15 October 1979 | 1 year, 1 month, 14 days
(409 days) | PP | Ólafur Jóhannesson II |
| 5{{party colour|Social Democratic Alliance|2px}} | Sighvatur Kristinn Björgvinsson
(1942–) | 15 October 1979 | 8 February 1980 | 3 months, 24 days
(116 days) | SDP | Benedikt Gröndal |
| 6{{party colour|Independence Party (Iceland)|2px}} | Gunnar Thoroddsen
(1910–1983) | 8 February 1980 | 26 May 1983 | 3 years, 3 months, 18 days
(1203 days) | IP | Gunnar Thoroddsen |
| 7{{party colour|Independence Party (Iceland)|2px}} | Matthías Árni Mathiesen
(1931–2011) | 26 May 1983 | 16 October 1985 | 2 years, 4 months, 20 days
(874 days) | IP | Steingrímur Hermannsson I |
| 8{{party colour|Independence Party (Iceland)|2px}} | Þorsteinn Pálsson
(1947–) | 16 October 1985 | 8 July 1987 | 1 years, 8 months, 22 days
(630 days) | IP |
| 9{{party colour|Social Democratic Alliance|2px}} | Jón Sigurðsson
(1941–) | 8 July 1987 | 28 September 1988 | 1 year, 2 months, 20 days
(448 days) | SDP | Þorsteinn Pálsson |
| 10{{party colour|Progressive Party (Iceland)|2px}} | Steingrímur Hermannsson
(1928–2010) | 28 September 1988 | 10 September 1989 | 11 months, 13 days
(347 days) | PP | Steingrímur Hermannsson II |
| 11 | | Edvard Júlíus Sólnes
(1937–) | 10 September 1989 | 23 February 1990 | 5 months, 13 days
(166 days) | CP | Steingrímur Hermannsson III |
| (10){{party colour|Progressive Party (Iceland)|2px}} | Steingrímur Hermannsson
(1928–2010) | 23 February 1990 | 30 April 1991 | 1 year, 2 months, 7 days
(431 days) | PP |
| 12 | {{party colour|Independence Party (Iceland)|2px|rowspan=5}} | Davíð Oddsson
(1948–) | 30 April 1991 | 23 April 1995 | 14 years, 4 months, 28 days
(5264 days) | IP | Davíð Oddsson I |
| 23 April 1995 | 28 May 1999 | Davíð Oddsson II |
| 28 May 1999 | 23 May 2003 | Davíð Oddsson III |
| 23 May 2003 | 15 September 2004 | Davíð Oddsson IV |
| 15 September 2004 | 27 September 2005 | Halldór Ásgrímsson |
| 13{{party colour|Progressive Party (Iceland)|2px}} | Halldór Ásgrímsson
(1947–) | 27 September 2005 | 15 June 2006 | 8 months, 19 days
(261 days) | PP |
| 14 | {{party colour|Independence Party (Iceland)|2px|rowspan=2}} | Geir Haarde
(1951–) | 15 June 2006 | 24 May 2007 | 1 year, 6 months, 17 days
(565 days) | IP | Geir Haarde I |
| 24 May 2007 | 1 January 2008 | Geir Haarde II |
1. ^{{cite web |url = http://hagstofa.is/Pages/2274/ |title = Starfsemi |publisher = Statistics Iceland |language = Icelandic |trans-title = Operation |accessdate = 24 October 2012 |deadurl = yes |archiveurl = https://web.archive.org/web/20121014191633/http://hagstofa.is/Pages/2274 |archivedate = 14 October 2012 |df = dmy-all}}