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 169 countries on this measure, in the top 10%.
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
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- 1 Turkmenistan 100.0% compare
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More financial sector data for Iceland
- Domestic credit to private sector by banks 89.2% (2025)
- Total reserves in months of imports 5.32 (2025)
- Net domestic credit 4.57 trillion current LCU (2025)
- Net foreign assets 397.39 billion current LCU (2025)
- Monetary Sector credit to private sector 89.2% (2025)
- Broad money 67.4% (2024)
- Claims on central government, etc. -3.9% (2025)
- Domestic credit to private sector 89.2% (2025)
- Official exchange rate 128.44 LCU per US$, period average (2025)
- Net migration 2,709 (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 169 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
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.