Iceland vs Norway: Loans from nonresident banks (amounts outstanding) to GDP
Iceland
55.5%
in 2021
Norway
54.7%
in 2021
Iceland rank
24th
Norway rank
25th
Loans from nonresident banks (amounts outstanding) to GDP over time
- Iceland
- Norway
How they compare
Iceland currently reports 55.5% against 54.7% in Norway, a difference of 0.8%.
The two have swapped places 4 times across 51 shared years of data; in 1971 it was Iceland ahead.
Iceland ranks 24th and Norway ranks 25th of 136 countries.
Across the 6 decades both report, Iceland averaged higher in 5 and Norway in 1.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 8.2% | 7.9% | 0.3% | Iceland |
| 1980s | 21.1% | 15.9% | 5.2% | Iceland |
| 1990s | 62.3% | 15.2% | 47.1% | Iceland |
| 2000s | 231.9% | 29.7% | 202.2% | Iceland |
| 2010s | 127.7% | 54.2% | 73.6% | Iceland |
| 2020s | 58.7% | 63.8% | 5.1% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Iceland or Norway?
- Iceland, at 55.5% against 54.7% in Norway as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Iceland and Norway?
- 0.8%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Norway?
- 51 years are reported by both, from 1971 to 2021.
- How do Iceland and Norway rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Iceland ranks 24th and Norway ranks 25th 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.