Iceland vs Lower middle income: Monetary Sector credit to private sector
Monetary Sector credit to private sector over time
- Iceland
- Lower middle income
How they compare
Iceland currently reports 89.2% against 39.6% in Lower middle income, a difference of 49.6%.
That makes Iceland's figure about 2.3 times Lower middle income's.
Across all 66 years both countries report, Iceland has been ahead every year.
Iceland ranks 25th and Lower middle income ranks 29th of 187 countries.
Iceland has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Iceland | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 36.2% | 10.8% | 25.4% | Iceland |
| 1970s | 27.2% | 15.8% | 11.4% | Iceland |
| 1980s | 34.9% | 21.2% | 13.7% | Iceland |
| 1990s | 49.9% | 21.6% | 28.3% | Iceland |
| 2000s | 170.8% | 30.4% | 140.4% | Iceland |
| 2010s | 104.1% | 35.3% | 68.8% | Iceland |
| 2020s | 93.3% | 35.6% | 57.7% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monetary sector credit to private sector, Iceland or Lower middle income?
- Iceland, at 89.2% against 39.6% in Lower middle income as of 2025.
- What is the difference in monetary sector credit to private sector between Iceland and Lower middle income?
- 49.6%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Lower middle income?
- 66 years are reported by both, from 1960 to 2025.
- How do Iceland and Lower middle income rank globally for monetary sector credit to private sector?
- Iceland ranks 25th and Lower middle income ranks 29th 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.