Iceland vs Sweden: Bank credit to bank deposits

Iceland
146.2%
in 2021
Sweden
155.2%
in 2021
Iceland rank
9th
Sweden rank
8th

Bank credit to bank deposits over time

  • Iceland
  • Sweden
100200300400196019902021

How they compare

Sweden currently reports 155.2% against 146.2% in Iceland, a difference of 9.0%.

That makes Sweden's figure about 1.1 times Iceland's.

The two have swapped places 3 times across 50 shared years of data; in 1960 it was Iceland ahead.

Iceland ranks 9th and Sweden ranks 8th of 186 countries.

Across the 6 decades both report, Iceland averaged higher in 4 and Sweden in 2.

Head to head by decade

Decade Iceland Sweden Difference Ahead
1960s 113.2% 81.7% 31.5% Iceland
1970s 108.5% 82.6% 25.9% Iceland
1980s 152.0% 92.1% 59.9% Iceland
2000s 262.0% 232.9% 29.2% Iceland
2010s 145.2% 198.9% 53.7% Sweden
2020s 145.1% 157.3% 12.2% Sweden

Averages of every year both report within each decade.

Frequently asked questions

Which has higher bank credit to bank deposits, Iceland or Sweden?
Sweden, at 155.2% against 146.2% in Iceland as of 2021.
What is the difference in bank credit to bank deposits between Iceland and Sweden?
9.0%, with Sweden ahead.
How many years of comparable data are there for Iceland and Sweden?
50 years are reported by both, from 1960 to 2021.
How do Iceland and Sweden rank globally for bank credit to bank deposits?
Iceland ranks 9th and Sweden ranks 8th of 186 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Bank credit to bank deposits (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Sweden: Bank credit to bank deposits. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 14 September 2026, from https://financial-sector.statizoid.com/compare/bank-credit-to-bank-deposits-percent/iceland/sweden/

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About this data

Indicator
Bank credit to bank deposits (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
186 places, 8,567 data points, 1960–2021
Last refreshed

Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).