Australia vs Iceland: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans

Australia
2.34 trillion
in 2024
Iceland
2.19 trillion
in 2024
Australia rank
29th
Iceland rank
31st

Outstanding Loans, Commercial Banks, of Which: Household Sector Loans over time

  • Australia
  • Iceland
500.0B1.0T1.5T2.0T2.5T200420142024

How they compare

Australia currently reports 2.34 trillion against 2.19 trillion in Iceland, a difference of 148.99 billion.

That makes Australia's figure about 1.1 times Iceland's.

The two have swapped places 2 times across 21 shared years of data; in 2004 it was Australia ahead.

Australia ranks 29th and Iceland ranks 31st of 134 countries.

Australia has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Australia Iceland Difference Ahead
2000s 751.77 billion 650.08 billion 101.68 billion Australia
2010s 1.47 trillion 927.67 billion 541.31 billion Australia
2020s 2.11 trillion 1.91 trillion 207.55 billion Australia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher outstanding loans, commercial banks, of which: household sector loans, Australia or Iceland?
Australia, at 2.34 trillion against 2.19 trillion in Iceland as of 2024.
What is the difference in outstanding loans, commercial banks, of which: household sector loans between Australia and Iceland?
148.99 billion, with Australia ahead.
How many years of comparable data are there for Australia and Iceland?
21 years are reported by both, from 2004 to 2024.
How do Australia and Iceland rank globally for outstanding loans, commercial banks, of which: household sector loans?
Australia ranks 29th and Iceland ranks 31st of 134 countries.
Where does this data come from?
International Monetary Fund, published as Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Australia vs Iceland: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid, drawing on International Monetary Fund. Retrieved 18 September 2026, from https://financial-sector.statizoid.com/compare/outstanding-loans-commercial-banks-of-which-household-sector-loans/australia/iceland/

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About this data

Indicator
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
134 places, 2,549 data points, 2004–2025
Last refreshed

Gender-disaggregated data on access to and use of financial services.