Bank net interest margin in Iceland
Iceland: Bank net interest margin was 2.6% in 2021. ▼ Falling
Bank net interest margin in Iceland, 2001–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
The most recent figure for bank net interest margin in Iceland is 2.6%, measured in 2021. That is the lowest value across all 14 years on record.
That represents a change of down 7.2% on the previous year and down 55.6% over ten years.
Over the whole period, bank net interest margin in Iceland peaked at 8.9% in 2010 and was at its lowest, 2.6%, in 2021.
That places Iceland 96th out of 165 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.4% | 3.2% | 7.6% | 2 |
| 2010s | 4.2% | 2.8% | 8.9% | 10 |
| 2020s | 2.7% | 2.6% | 2.8% | 2 |
Countries ranked near Iceland
- 93 United States 2.8% compare
- 94 Saudi Arabia 2.7% compare
- 95 Suriname 2.6% compare
- 97 Bhutan 2.6% compare
- 98 Mauritania 2.6% compare
- 99 Burkina Faso 2.6% compare
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 net interest margin in Iceland?
- Bank net interest margin in Iceland was 2.6% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank net interest margin recorded in Iceland?
- The highest recorded value was 8.9% in 2010.
- What is the lowest bank net interest margin recorded in Iceland?
- The lowest recorded value was 2.6% in 2021.
- How does Iceland rank for bank net interest margin?
- Iceland ranks 96th out of 165 countries with data for 2021.
- Is bank net interest margin rising or falling in Iceland?
- Over the last ten years it is down 55.6%. 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 net interest margin (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. Data2080[t] / ((data2010[t] + data2010[t-1])/2). Numerator and denominator are 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.