Iceland vs India: Financial system deposits to GDP
Financial system deposits to GDP over time
- Iceland
- India
How they compare
India currently reports 72.1% against 70.2% in Iceland, a difference of 1.9%.
The two have swapped places 7 times across 62 shared years of data; in 1960 it was Iceland ahead.
Iceland ranks 69th and India ranks 66th of 185 countries.
Across the 7 decades both report, Iceland averaged higher in 5 and India in 2.
Head to head by decade
| Decade | Iceland | India | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 33.4% | 10.7% | 22.7% | Iceland |
| 1970s | 26.1% | 18.1% | 8.0% | Iceland |
| 1980s | 24.0% | 30.3% | 6.4% | India |
| 1990s | 36.5% | 36.3% | 0.3% | Iceland |
| 2000s | 67.6% | 56.9% | 10.6% | Iceland |
| 2010s | 71.9% | 68.3% | 3.7% | Iceland |
| 2020s | 69.9% | 74.3% | 4.4% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial system deposits to gdp, Iceland or India?
- India, at 72.1% against 70.2% in Iceland as of 2021.
- What is the difference in financial system deposits to gdp between Iceland and India?
- 1.9%, with India ahead.
- How many years of comparable data are there for Iceland and India?
- 62 years are reported by both, from 1960 to 2021.
- How do Iceland and India rank globally for financial system deposits to gdp?
- Iceland ranks 69th and India ranks 66th of 185 countries.
- Where does this data come from?
- International Financial Statistics (IFS), International Monetary Fund (IMF), published as Financial system 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 and other financial institutions 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. Financial system deposits (IFS lines 24, 25, 44, and 45); 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).