Bank branches per 100,000 adults in Iceland
Iceland: Bank branches per 100,000 adults was 28.11 in 2020. ▼ Falling
Bank branches per 100,000 adults in Iceland, 2004–2020
Source: Financial Access Survey (FAS), International Monetary Fund (IMF).
Analysis
In 2020, bank branches per 100,000 adults in Iceland stood at 28.11. That is the lowest value across all 17 years on record.
The figure is down 7.4% on the previous year and down 51.2% over ten years.
Over the whole period, bank branches per 100,000 adults in Iceland peaked at 90.9 in 2004 and was at its lowest, 28.11, in 2020.
Iceland ranks 28th of 185 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Bank branches per 100,000 adults in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 90.9 | — |
| 2005 | 86.18 | -5.2% |
| 2006 | 77.58 | -10.0% |
| 2007 | 73.31 | -5.5% |
| 2008 | 69.68 | -5.0% |
| 2009 | 60.84 | -12.7% |
| 2010 | 57.56 | -5.4% |
| 2011 | 52.21 | -9.3% |
| 2012 | 47.15 | -9.7% |
| 2013 | 43.14 | -8.5% |
| 2014 | 40.3 | -6.6% |
| 2015 | 36.42 | -9.6% |
| 2016 | 35.47 | -2.6% |
| 2017 | 34.58 | -2.5% |
| 2018 | 31.47 | -9.0% |
| 2019 | 30.37 | -3.5% |
| 2020 | 28.11 | -7.4% |
Iceland compared with similar countries
- Iceland's 28.11 is above the median for high income countries, which is 20.69, 1.4× the median. (61 countries reporting)
- Iceland's 28.11 is above the median for Europe & Central Asia, which is 22.88, 1.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 76.41 | 60.84 | 90.9 | 6 |
| 2010s | 40.87 | 30.37 | 57.56 | 10 |
| 2020s | 28.11 | 28.11 | 28.11 | 1 |
Countries ranked near Iceland
- 25 Moldova 30.52 compare
- 26 Bosnia and Herzegovina 29.85 compare
- 27 San Marino 28.6 compare
- 29 Croatia 26.84 compare
- 30 Belgium 26.23 compare
- 31 Montenegro 25.75 compare
More financial sector data for Iceland
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 243.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 177.89 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 243.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank branches per 100,000 adults in Iceland?
- Bank branches per 100,000 adults in Iceland was 28.11 in 2020, according to Financial Access Survey (FAS), International Monetary Fund (IMF).
- What is the highest bank branches per 100,000 adults recorded in Iceland?
- The highest recorded value was 90.9 in 2004.
- What is the lowest bank branches per 100,000 adults recorded in Iceland?
- The lowest recorded value was 28.11 in 2020.
- How does Iceland rank for bank branches per 100,000 adults?
- Iceland ranks 28th out of 185 countries with data for 2020.
- Is bank branches per 100,000 adults rising or falling in Iceland?
- Over the last ten years it is down 51.2%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Financial Access Survey (FAS), International Monetary Fund (IMF), published as part of Bank branches per 100,000 adults. Statizoid updates them automatically from the source API.
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About this data
For each country calculated as: 100,000*reported number of depositors/adult population in the reporting country.