Iceland vs Latin America & the Caribbean (IDA & IBRD countries): Monetary Sector credit to private sector
Monetary Sector credit to private sector over time
- Iceland
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Iceland currently reports 89.2% against 48.2% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 41.0%.
That makes Iceland's figure about 1.9 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 6 times across 64 shared years of data; in 1960 it was Iceland ahead.
Iceland ranks 25th and Latin America & the Caribbean (IDA & IBRD countries) ranks 23rd of 187 countries.
Across the 7 decades both report, Iceland averaged higher in 5 and Latin America & the Caribbean (IDA & IBRD countries) in 2.
Head to head by decade
| Decade | Iceland | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 36.2% | 16.4% | 19.9% | Iceland |
| 1970s | 27.2% | 29.9% | 2.7% | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 35.3% | 38.2% | 2.9% | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 49.9% | 32.9% | 17.0% | Iceland |
| 2000s | 170.8% | 25.9% | 144.9% | Iceland |
| 2010s | 104.1% | 43.5% | 60.6% | Iceland |
| 2020s | 93.3% | 47.6% | 45.7% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monetary sector credit to private sector, Iceland or Latin America & the Caribbean (IDA & IBRD countries)?
- Iceland, at 89.2% against 48.2% in Latin America & the Caribbean (IDA & IBRD countries) as of 2025.
- What is the difference in monetary sector credit to private sector between Iceland and Latin America & the Caribbean (IDA & IBRD countries)?
- 41.0%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latin America & the Caribbean (IDA & IBRD countries)?
- 64 years are reported by both, from 1960 to 2025.
- How do Iceland and Latin America & the Caribbean (IDA & IBRD countries) rank globally for monetary sector credit to private sector?
- Iceland ranks 25th and Latin America & the Caribbean (IDA & IBRD countries) ranks 23rd of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Monetary Sector credit to private sector (% GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.