| bilabial | labio-dental | dental | alveolar | palatal | velar | glottal | |
| stop | p, pʰ | t̪, t̪ʰ | c, cʰ | k, kʰ | |||
| trill | r̥, r | ||||||
| fricative | f | θ̻, ð̺̞ | s̺ | ç | x | h | |
| lateral fricative | ɬ | ||||||
| nasal | m̥, m | n̪̥, n̪ | ɲ̥, ɲ | ŋ̥, ŋ | |||
| approximant | ʋ | j | ɰ | ||||
| lateral approximant | l |
| front | central | back | |
| close | i | u | |
| near-close | ɪ, ʏ | ||
| open-mid | ɛ, œ | ɔ | |
| open | ä |
/ʏi̯/, /ei̯/, /øɪ̯/, /ɔi̯/, /ou̯/, /äi̯/, /äu̯/
Source: Thráinsson, Höskuldur. 1994. Icelandic. The Germanic Languages (eds.: König, Ekkehard; van der Auwera, Johan), 142-189. London: Routledge
Comments: /h/ is sometimes treated as pre-aspiration. /x/ is technically an allophone of |kʰ| (V__s,t OR #__ʋ). /j/ corresponds to two distinct underlying phonemes, one of which alternates with /ɣ̞/. Overall, velars and palatals are in a complex distribution. The interdentals are in a simple distribution (/θ̻/ only occurs word-initially and before a voiceless consonant). /m̥/, /ɲ̥/, /ŋ̥/, /ɲ/ are non-phonemic. /ŋ/ is marginally phonemic __l,s̺ as a result of a deleted /k/. /ʏi̯/, /ɔi̯/ are non-phonemic. Vowel length is almost always predictable (there are two or three exceptions). /ɫ/, /ɫ̥/, /ʔ/ might be included in certain analyses.
Contributed by: André Nikulin (andre.n.guzman@gmail.com)