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 166 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.
Bank net interest margin (%) in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 3.2% | — |
| 2009 | 7.6% | +137.9% |
| 2010 | 8.9% | +18.0% |
| 2011 | 5.9% | -33.9% |
| 2012 | 3.9% | -33.8% |
| 2013 | 3.3% | -14.4% |
| 2014 | 2.8% | -17.0% |
| 2015 | 3.2% | +15.0% |
| 2016 | 3.7% | +15.9% |
| 2017 | 3.6% | -3.4% |
| 2018 | 3.2% | -11.0% |
| 2019 | 3.1% | -1.3% |
| 2020 | 2.8% | -10.0% |
| 2021 | 2.6% | -7.2% |
Iceland compared with similar countries
- Iceland's 2.6% is above the median for high income countries, which is 1.9%, 1.4× the median. (62 countries reporting)
- Iceland's 2.6% is above the median for Europe & Central Asia, which is 2.0%, 1.3× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Bank net interest margin (%) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +137.9% | 3.2% | 7.6% |
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
- 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 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 166 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.
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. 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.