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 184 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 17 years of available data.
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 Republic of 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
- Net domestic credit (current LCU), per capita 11.64 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 118.35 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.25 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 2.23 million SDR (2025)
- Gold reserves at market value 203.48 million SDR (2025)
- Reserves excluding gold, foreign exchange 4.94 billion SDR (2025)
- Reserves excluding gold 5.44 billion SDR (2025)
- Total reserves (gold at market value) 5.65 billion SDR (2025)
- Total reserves (gold at national valuation) 5.64 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 14,384 SDR per person (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 184 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.