Bank concentration in Iceland
Iceland: Bank concentration was 100.0% in 2021. ▬ Flat
Bank concentration in Iceland, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
The most recent figure for bank concentration in Iceland is 100.0%, measured in 2021. That is the highest value across all 16 years on record.
The figure is up 0.6% over ten years.
Over the whole period, bank concentration in Iceland peaked at 100.0% in 2000 and was at its lowest, 92.8%, in 2015.
Iceland ranks 1st of 170 countries on this measure, in the top 10%.
Bank concentration in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 100.0% | — |
| 2001 | 100.0% | +0.0% |
| 2008 | 100.0% | +0.0% |
| 2009 | 99.3% | -0.7% |
| 2010 | 99.3% | +0.0% |
| 2011 | 99.4% | +0.0% |
| 2012 | 99.2% | -0.1% |
| 2013 | 99.1% | -0.1% |
| 2014 | 100.0% | +0.9% |
| 2015 | 92.8% | -7.2% |
| 2016 | 98.8% | +6.4% |
| 2017 | 99.1% | +0.3% |
| 2018 | 99.2% | +0.2% |
| 2019 | 99.4% | +0.2% |
| 2020 | 100.0% | +0.6% |
| 2021 | 100.0% | +0.0% |
Iceland compared with similar countries
- Iceland's 100.0% is above the median for high income countries, which is 73.1%, 1.4× the median. (63 countries reporting)
- Iceland's 100.0% is above the median for Europe & Central Asia, which is 68.9%, 1.5× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 99.8% | 99.3% | 100.0% | 4 |
| 2010s | 98.6% | 92.8% | 100.0% | 10 |
| 2020s | 100.0% | 100.0% | 100.0% | 2 |
Countries ranked near Iceland
- 1 Antigua and Barbuda 100.0% compare
- 1 Barbados 100.0% compare
- 1 Cayman Islands 100.0% compare
- 1 Chad 100.0% compare
- 1 Djibouti 100.0% compare
- 1 Eswatini 100.0% compare
- 1 Fiji 100.0% compare
- 1 Lesotho 100.0% compare
- 1 Liberia 100.0% compare
- 1 Malawi 100.0% compare
- 1 Maldives 100.0% compare
- 1 San Marino 100.0% compare
- 1 Seychelles 100.0% compare
- 1 South Sudan 100.0% compare
- 1 Saint Lucia 100.0% compare
- 1 Suriname 100.0% compare
- 1 Turkmenistan 100.0% compare
- 1 Yemen 100.0% 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 concentration in Iceland?
- Bank concentration in Iceland was 100.0% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Iceland?
- The highest recorded value was 100.0% in 2000.
- What is the lowest bank concentration recorded in Iceland?
- The lowest recorded value was 92.8% in 2015.
- How does Iceland rank for bank concentration?
- Iceland ranks 1st out of 170 countries with data for 2021.
- Is bank concentration rising or falling in Iceland?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.