Iceland vs Luxembourg: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Iceland
- Luxembourg
How they compare
Luxembourg currently reports 93.2% against 89.2% in Iceland, a difference of 4.0%.
The two have swapped places 1 time across 23 shared years of data; in 2001 it was Iceland ahead.
Iceland ranks 25th and Luxembourg ranks 22nd of 187 countries.
Across the 3 decades both report, Iceland averaged higher in 2 and Luxembourg in 1.
Head to head by decade
| Decade | Iceland | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 179.6% | 79.4% | 100.2% | Iceland |
| 2010s | 104.1% | 93.0% | 11.1% | Iceland |
| 2020s | 94.8% | 102.2% | 7.4% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Iceland or Luxembourg?
- Luxembourg, at 93.2% against 89.2% in Iceland as of 2023.
- What is the difference in domestic credit to private sector by banks between Iceland and Luxembourg?
- 4.0%, with Luxembourg ahead.
- How many years of comparable data are there for Iceland and Luxembourg?
- 23 years are reported by both, from 2001 to 2023.
- How do Iceland and Luxembourg rank globally for domestic credit to private sector by banks?
- Iceland ranks 25th and Luxembourg ranks 22nd of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector by banks (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.