Iceland vs Norway: Bank deposits to GDP
Bank deposits to GDP over time
- Iceland
- Norway
How they compare
Iceland currently reports 70.2% against 69.3% in Norway, a difference of 0.9%.
The two have swapped places 7 times across 62 shared years of data; in 1960 it was Norway ahead.
Iceland ranks 69th and Norway ranks 72nd of 185 countries.
Across the 7 decades both report, Iceland averaged higher in 2 and Norway in 5.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 33.4% | 35.7% | 2.3% | Norway |
| 1970s | 26.1% | 39.5% | 13.4% | Norway |
| 1980s | 24.0% | 46.7% | 22.7% | Norway |
| 1990s | 36.5% | 51.0% | 14.5% | Norway |
| 2000s | 67.6% | 51.1% | 16.5% | Iceland |
| 2010s | 71.9% | 59.4% | 12.5% | Iceland |
| 2020s | 69.9% | 72.6% | 2.7% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher bank deposits to gdp, Iceland or Norway?
- Iceland, at 70.2% against 69.3% in Norway as of 2021.
- What is the difference in bank deposits to gdp between Iceland and Norway?
- 0.9%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Norway?
- 62 years are reported by both, from 1960 to 2021.
- How do Iceland and Norway rank globally for bank deposits to gdp?
- Iceland ranks 69th and Norway ranks 72nd of 185 countries.
- Where does this data come from?
- International Financial Statistics (IFS), International Monetary Fund (IMF), published as Bank deposits to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).