Greece vs Iceland: Loans from nonresident banks (amounts outstanding) to GDP
Greece
54.6%
in 2021
Iceland
55.5%
in 2021
Greece rank
26th
Iceland rank
24th
Loans from nonresident banks (amounts outstanding) to GDP over time
- Greece
- Iceland
How they compare
Iceland currently reports 55.5% against 54.6% in Greece, a difference of 0.9%.
Across all 50 years both countries report, Iceland has been ahead every year.
Greece ranks 26th and Iceland ranks 24th of 136 countries.
Iceland has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Greece | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.2% | 8.8% | 8.6% | Iceland |
| 1980s | 1.6% | 21.1% | 19.5% | Iceland |
| 1990s | 12.7% | 62.3% | 49.6% | Iceland |
| 2000s | 37.5% | 231.9% | 194.4% | Iceland |
| 2010s | 69.8% | 127.7% | 57.9% | Iceland |
| 2020s | 55.9% | 58.7% | 2.7% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Greece or Iceland?
- Iceland, at 55.5% against 54.6% in Greece as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Greece and Iceland?
- 0.9%, with Iceland ahead.
- How many years of comparable data are there for Greece and Iceland?
- 50 years are reported by both, from 1972 to 2021.
- How do Greece and Iceland rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Greece ranks 26th 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.