Canada vs Iceland: Loans from nonresident banks (amounts outstanding) to GDP
Canada
56.2%
in 2021
Iceland
55.5%
in 2021
Canada rank
23rd
Iceland rank
24th
Loans from nonresident banks (amounts outstanding) to GDP over time
- Canada
- Iceland
How they compare
Canada currently reports 56.2% against 55.5% in Iceland, a difference of 0.7%.
The two have swapped places 3 times across 53 shared years of data; in 1969 it was Iceland ahead.
Canada ranks 23rd and Iceland ranks 24th of 136 countries.
Across the 7 decades both report, Canada averaged higher in 1 and Iceland in 6.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 0.1% | 2.4% | 2.3% | Iceland |
| 1970s | 6.1% | 7.6% | 1.5% | Iceland |
| 1980s | 17.3% | 21.1% | 3.8% | Iceland |
| 1990s | 25.4% | 62.3% | 36.9% | Iceland |
| 2000s | 29.0% | 231.9% | 202.9% | Iceland |
| 2010s | 45.7% | 127.7% | 82.1% | Iceland |
| 2020s | 59.1% | 58.7% | 0.5% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Canada or Iceland?
- Canada, at 56.2% against 55.5% in Iceland as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Canada and Iceland?
- 0.7%, with Canada ahead.
- How many years of comparable data are there for Canada and Iceland?
- 53 years are reported by both, from 1969 to 2021.
- How do Canada and Iceland rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Canada ranks 23rd and Iceland ranks 24th of 136 countries.
- Where does this data come from?
- Bank for International Settlements (BIS), published as Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.