Bank cost to income ratio in Iceland
Iceland: Bank cost to income ratio was 46.5% in 2021. ▼ Falling
Bank cost to income ratio in Iceland, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
Iceland recorded 46.5% for bank cost to income ratio in 2021.
The figure is down 9.6% on the previous year and up 78.3% over ten years.
Over the whole period, bank cost to income ratio in Iceland peaked at 76.9% in 2000 and was at its lowest, 5.0%, in 2015.
That places Iceland 132nd out of 169 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Bank cost to income ratio in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 76.9% | — |
| 2001 | 60.6% | -21.2% |
| 2009 | 18.3% | -69.8% |
| 2010 | 56.6% | +208.6% |
| 2011 | 26.1% | -53.9% |
| 2012 | 39.8% | +52.7% |
| 2014 | 55.1% | +38.4% |
| 2015 | 5.0% | -90.9% |
| 2016 | 53.5% | +963.4% |
| 2017 | 58.8% | +9.8% |
| 2018 | 60.9% | +3.6% |
| 2019 | 57.2% | -6.1% |
| 2020 | 51.5% | -10.0% |
| 2021 | 46.5% | -9.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.9% | 18.3% | 76.9% | 3 |
| 2010s | 45.9% | 5.0% | 60.9% | 9 |
| 2020s | 49.0% | 46.5% | 51.5% | 2 |
Countries ranked near Iceland
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 cost to income ratio in Iceland?
- Bank cost to income ratio in Iceland was 46.5% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank cost to income ratio recorded in Iceland?
- The highest recorded value was 76.9% in 2000.
- What is the lowest bank cost to income ratio recorded in Iceland?
- The lowest recorded value was 5.0% in 2015.
- How does Iceland rank for bank cost to income ratio?
- Iceland ranks 132nd out of 169 countries with data for 2021.
- Is bank cost to income ratio rising or falling in Iceland?
- Over the last ten years it is up 78.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank cost to income ratio (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. Data2090 / (data2080 + data2085). All Numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.