Iceland vs Norway: Loans from nonresident banks (net) to GDP
Iceland
1.6%
in 2021
Norway
1.6%
in 2021
Iceland rank
18th
Norway rank
16th
Loans from nonresident banks (net) to GDP over time
- Iceland
- Norway
How they compare
Norway currently reports 1.6% against 1.6% in Iceland, a difference of 0.0%.
The two have swapped places 15 times across 47 shared years of data; in 1972 it was Iceland ahead.
Iceland ranks 18th and Norway ranks 16th of 98 countries.
Across the 6 decades both report, Iceland averaged higher in 3 and Norway in 3.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.9% | 0.9% | 0.0% | Norway |
| 1980s | 1.1% | -0.0% | 1.1% | Iceland |
| 1990s | 1.1% | -0.2% | 1.3% | Iceland |
| 2000s | 8.7% | 1.1% | 7.7% | Iceland |
| 2010s | -6.8% | 0.1% | 6.9% | Norway |
| 2020s | 1.0% | 1.2% | 0.2% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (net) to gdp, Iceland or Norway?
- Norway, at 1.6% against 1.6% in Iceland as of 2021.
- What is the difference in loans from nonresident banks (net) to gdp between Iceland and Norway?
- 0.0%, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 47 years are reported by both, from 1972 to 2021.
- How do Iceland and Norway rank globally for loans from nonresident banks (net) to gdp?
- Iceland ranks 18th and Norway ranks 16th of 98 countries.
- Where does this data come from?
- Bank for International Settlements (BIS), published as Loans from nonresident banks (net) to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Ratio of net 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 12A (Net Issues): International debt securities - all issuers.