Bank credit to bank deposits in Iceland
Iceland: Bank credit to bank deposits was 146.2% in 2021. ▲ Rising
Bank credit to bank deposits in Iceland, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Iceland recorded 146.2% for bank credit to bank deposits in 2021.
Compared with earlier readings it is up 1.5% on the previous year and down 9.4% over ten years.
Over the whole period, bank credit to bank deposits in Iceland peaked at 364.7% in 2005 and was at its lowest, 90.0%, in 1970.
That places Iceland 9th out of 186 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently rising across the 62 years of available data.
Bank credit to bank deposits in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 144.6% | — |
| 1961 | 123.8% | -14.4% |
| 1962 | 110.9% | -10.4% |
| 1963 | 110.9% | +0.0% |
| 1964 | 107.3% | -3.2% |
| 1965 | 109.3% | +1.8% |
| 1966 | 113.6% | +4.0% |
| 1967 | 105.4% | -7.2% |
| 1968 | 109.6% | +3.9% |
| 1969 | 96.6% | -11.8% |
| 1970 | 90.0% | -6.8% |
| 1971 | 92.0% | +2.2% |
| 1972 | 95.5% | +3.8% |
| 1973 | 97.8% | +2.4% |
| 1974 | 120.6% | +23.3% |
| 1975 | 123.5% | +2.4% |
| 1976 | 118.4% | -4.1% |
| 1977 | 116.2% | -1.9% |
| 1978 | 116.3% | +0.1% |
| 1979 | 115.0% | -1.1% |
| 1980 | 113.6% | -1.2% |
| 1981 | 159.2% | +40.1% |
| 1982 | 178.6% | +12.2% |
| 1983 | 178.8% | +0.1% |
| 1984 | 182.3% | +2.0% |
| 1985 | 154.8% | -15.1% |
| 1986 | 135.4% | -12.5% |
| 1987 | 137.7% | +1.7% |
| 1988 | 144.1% | +4.7% |
| 1989 | 135.1% | -6.3% |
| 1990 | 125.9% | -6.8% |
| 1991 | 120.8% | -4.0% |
| 1992 | 124.8% | +3.3% |
| 1993 | 120.9% | -3.1% |
| 1994 | 120.6% | -0.3% |
| 1995 | 125.5% | +4.1% |
| 1996 | 133.9% | +6.7% |
| 1997 | 180.2% | +34.6% |
| 1998 | 168.5% | -6.5% |
| 1999 | 175.9% | +4.4% |
| 2000 | 228.0% | +29.7% |
| 2001 | 230.5% | +1.1% |
| 2002 | 222.4% | -3.5% |
| 2003 | 231.6% | +4.2% |
| 2004 | 284.6% | +22.9% |
| 2005 | 364.7% | +28.1% |
| 2006 | 332.8% | -8.8% |
| 2007 | 284.1% | -14.6% |
| 2008 | 196.5% | -30.9% |
| 2009 | 179.6% | -8.6% |
| 2010 | 193.0% | +7.5% |
| 2011 | 161.4% | -16.4% |
| 2012 | 153.3% | -5.0% |
| 2013 | 142.4% | -7.1% |
| 2014 | 123.8% | -13.1% |
| 2015 | 120.4% | -2.7% |
| 2016 | 133.2% | +10.6% |
| 2017 | 137.7% | +3.4% |
| 2018 | 145.1% | +5.3% |
| 2019 | 141.2% | -2.7% |
| 2020 | 144.0% | +1.9% |
| 2021 | 146.2% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 113.2% | 96.6% | 144.6% | 10 |
| 1970s | 108.5% | 90.0% | 123.5% | 10 |
| 1980s | 152.0% | 113.6% | 182.3% | 10 |
| 1990s | 139.7% | 120.6% | 180.2% | 10 |
| 2000s | 255.5% | 179.6% | 364.7% | 10 |
| 2010s | 145.2% | 120.4% | 193.0% | 10 |
| 2020s | 145.1% | 144.0% | 146.2% | 2 |
Countries ranked near Iceland
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 credit to bank deposits in Iceland?
- Bank credit to bank deposits in Iceland was 146.2% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Iceland?
- The highest recorded value was 364.7% in 2005.
- What is the lowest bank credit to bank deposits recorded in Iceland?
- The lowest recorded value was 90.0% in 1970.
- How does Iceland rank for bank credit to bank deposits?
- Iceland ranks 9th out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in Iceland?
- Over the last ten years it is down 9.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).